Trump, Russia and Oil prices
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Russia, Ukraine and Donald Trump
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Trump, Putin and Ukraine
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U.S. President Donald Trump's threat to choke off Russia’s oil revenue via secondary sanctions would deal a hammer blow to Moscow's finances, but markets are betting that the risk of higher energy prices will keep Washington from following through.
Donald Trump’s remarks on Ukraine on Monday were far from the biggest announcement the US president could have made. The good news for Kyiv is familiar. Trump has permitted NATO’s other members to buy American arms – a wide range of them,
President Trump asked Ukrainian President Volodymyr Zelensky whether Kyiv was able to hit Moscow and St. Petersburg, according to a senior Ukrainian official familiar with their exchange in a July 4 phone call.
Trump's threat against Russia runs parallel to a Senate-led effort to pass crippling sanctions on countries that buy Russian energy.
The legislation, which would allow the president to levy a 500% tariff on imports from countries that purchase Russian uranium, gas and oil, has gained momentum in the Senate as Trump has signaled he will escalate US action against Russia.
Oil prices retreated on Tuesday after U.S. President Donald Trump's lengthy 50-day deadline for Russia to end the Ukraine war and avoid sanctions eased immediate supply concerns.
Latest news and live updates as Trump announces the U.S. will send Patriot missiles to Ukraine and meets with NATO's secretary general.