Image: NBC News
President Trump is strongly considering new sanctions on Russia in the coming days as his frustration with Vladimir Putin over the war in Ukraine continues to mount, according to multiple reports.
Since Moscow’s invasion of Ukraine in February 2022, the US has implemented a series of sanctions focused on isolating Russia from the global financial system, cutting the profitability of its energy sector, and reducing its military capabilities.
These sanctions have all remained in place during the first months of the Trump admin.
Potential future actions on the docket: Treasury officials are reportedly preparing sanctions that would ban more Russian banks from the Swift international payment system, while 80+ US senators are backing a proposal to implement new secondary sanctions on countries doing business with Russia.
Big picture: It’s unclear how much current US sanctions on Russia have impacted the country, according to Western observers. At times, Russia’s economy has appeared to buckle under the strain of sanctions—but it has also shown unexpected strength. Russia’s GDP grew 4.1% in 2023 and another 4.3% in 2024, though some experts question whether to trust Moscow’s data.
📊 Flash poll: In your opinion, how should the US approach the Russia-Ukraine war?
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