Trump shortens Russia-Ukraine peace deadline to 12 days, warnsof sweeping Russia sanctions

Trump has reduce his beforehand introduced 50-day deadline for a Russia-Ukraine peace deal, now giving Moscow simply “10 or 12 days” to achieve an settlement.

Talking at a press convention in Scotland alongside UK Prime Minister Keir Starmer on Monday, Trump mentioned there is not any level in additional delays and expressed frustration over the dearth of progress.

He initially issued the 50-day ultimatum on July 14, warning of extreme sanctions if Russia didn’t act. Trump reiterated that, and not using a deal, his administration would impose 100% secondary tariffs on nations persevering with to purchase Russian exports — a transfer that might have far-reaching penalties for nations like China and India.

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India, China, and Turkey now purchase round 60% of Russia’s crude exports, serving to maintain its economic system because the 2022 invasion of Ukraine. However strain is mounting: the EU will ban refined merchandise produced from Russian oil in 2026, and Indian officers warn that potential U.S. secondary sanctions could be much more disruptive, prompting a seek for various suppliers.

This text was written by Aaron Cutchburt at investinglive.com.