'Very severely sanctioned': Trump warns countries trading with Russia; backs bill imposing 500% tariff on Russian oil resales

‘Very severely sanctioned’: Trump warns countries trading with Russia; backs bill imposing 500% tariff on Russian oil resales

US President Donald Trump has thrown his weight behind a new wave of hard-hitting sanctions aimed at isolating Russia, warning that countries maintaining trade ties with Moscow—and potentially Iran—will be “very severely sanctioned.”Speaking to reporters on Sunday, Trump said he supported congressional efforts to advance tougher penalties on Russia and President Vladimir Putin. “I hear…

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US calls on G7, EU to impose tariffs on China, India over Russian oil purchases amid Ukraine war

US calls on G7, EU to impose tariffs on China, India over Russian oil purchases amid Ukraine war

Group of Seven nations’ finance ministers discussed in a call on Friday further sanctions on Russia and possible tariffs on countries that they consider “enabling” its war in Ukraine, as the U.S. called on its allies to impose tariffs on purchasers of Russian oil. Canadian Finance Minister Francois-Philippe Champagne chaired the G7 meeting, which was…

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