The Trump administration is preparing to impose new sanctions targeting Russia's 'shadow fleet' of oil tankers if President Vladimir Putin does not agree to a ceasefire in Ukraine by Friday. These sanctions would blacklist vessels that evade the G7 price cap of $60 per barrel while supplying oil to countries such as China and India. This move would represent the first major US sanctions on Russia since Trump's return to the White House. Additionally, President Donald Trump has indicated plans to increase tariffs on countries purchasing energy from Russia, including China. He also announced forthcoming tariffs on semiconductor and pharmaceutical imports, expected to be detailed within the next week. Experts note that sanctioning Russia's oil tankers, particularly the 359 ships already sanctioned by the EU and UK but not yet by the US, could be a highly effective measure to pressure Moscow and influence Putin's decisions regarding the Ukraine conflict.
Top Overnight News Donald Trump suggested he would hike tariffs on more countries buying Russian energy, including China. BBG Trump administration is considering additional sanctions on Russia’s “shadow fleet” of oil tankers if Putin does not agree to a ceasefire in Ukraine by
The US is debating how best to hit Russia. Lowest hanging fruit - and most impactful - is to sanction the 359 ships sanctioned by the EU and UK that are not yet sanctioned by the US. Oil tankers are Russia's Achilles heel. This will get Putin's attention. https://t.co/WqSVVGz7N4 https://t.co/KU9Ko91J07
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