US President Donald Trump warned on July 14 that he would go for sanctions against Russia in 50 days if there is no progress in the Ukrainian settlement. In this case, secondary duties of 100 percent will be imposed, he said during a meeting with NATO Secretary General Mark Rutte. 

The White House has not yet explained how such duties might work. Earlier, the US president suggested that the restrictions would apply to countries that buy Russian oil. A bipartisan bill is now in Congress that would impose 500% duties on such countries, Bloomberg reports.

Following Monday's threat, oil futures fell to their lowest levels of the session, with Brent down 1.3% and WTI nearly 1.8%.  

Trump said he was "disappointed with President Putin" because he had hoped for a peace agreement two months ago, but "it didn't come to that." At the same time, the American leader did not answer how far he was ready to go if Moscow escalated the situation. "Don't ask me questions like that," he said.

During the meeting, Trump also announced a deal to supply U.S. weapons to Ukraine through NATO. The supplies will be paid for and coordinated by alliance countries, he said, Bloomberg reported. Kiev is scheduled to receive 17 Patriot surface-to-air missile systems, among others, the president said. Rutte specified that the agreement will allow European countries to deliver weapons faster, while the U.S. will subsequently replenish their stockpiles. 

The news is supplemented.

This article was AI-translated and verified by a human editor

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