Trump told reporters, “There will be sanctions, but they seem to be good at avoiding them. As you know, they are smart and good at avoiding them, so we’ll see what happens.” On July 29, the American President stated that he has “10 days to reach an agreement on a ceasefire in Ukraine, and this period starts today.” He added that if negotiations fail, he intends to impose tariffs on imports from Russia, but he is unsure if this will affect Russia.
Kremlin spokesman Dmitry Peskov stated that the Russian economy has long been operating under significant constraints. He noted that the Kremlin has recorded new statements from Trump regarding the settlement of the situation in Ukraine and potential restrictions.
Last Friday, American President Donald Trump signed an executive order imposing tariffs on 69 American trading partners, which will take effect on August 7. The tariff rates will range from 10% to 41%, depending on the country.
