President Donald Trump said he is prepared to impose additional economic sanctions on Russia if Moscow does not agree to a cease-fire in Ukraine. “We have economic sanctions,” he told reporters on 26 Aug., adding that discussions on tightening the measures will proceed should the fighting continue. Trump warned that an “economic war will be bad for Russia,” pointing to the modest size of bilateral commerce—about $3.5 billion a year, less than U.S. trade with Hungary. He contrasted that figure with the roughly $245 billion in trade Russia conducted with China in 2024, arguing that further U.S. restrictions would deepen the Kremlin’s economic isolation. The president said Washington is trying to arrange a meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky to secure an end to the conflict, emphasizing that the United States seeks a diplomatic solution and “will not enter a world war.”