Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on January 23, 2025

Ukraine says Trump's sanctions threat sends 'strong signal' to Russia

DAVOS, Switzerland (Reuters) (Reuters) - Ukraine praised U.S. President Donald Trump on Thursday for threatening to impose tariffs and sanctions on Russia if it refuses to make a deal to end the war in Ukraine and said the comment sent a "strong signal". 

Trump, who has repeatedly said he wants to halt the fighting in Ukraine without saying how, appealed to Russian President Vladimir Putin on Wednesday to "stop this ridiculous war" and threatened to impose punitive measures if no deal is reached. 

"We do really welcome such strong messages from President Trump and we believe that he will be the winner. And we believe that we have an additional chance to get new dynamic in diplomatic efforts to end this war," Ukraine's Foreign Minister Andrii Sybiha said, speaking in English at a discussion panel in Davos, Switzerland.

Kyiv has long urged its allies to impose tougher sanctions on Russia to raise the costs of the war for Moscow and to discourage it from undertaking any further aggression. 

The Kremlin said it saw nothing particularly new in Trump's threat, but that it was following closely "all nuances" in his rhetoric and remained open to dialogue. 

Asked about Trump's remarks, Kremlin spokesman Dmitry Peskov said Trump had often applied sanctions on Russia during his first term as president. 

Trump's calls to end the war as soon as possible sparked fears in Kyiv and among European allies that a hasty deal could play into Russia's hands and entail Ukraine making major territorial and other concessions. 

Kyiv has repeatedly emphasised the importance of a deal that would produce a fair and lasting peace.

(Reporting by Yuliia Dysa; editing by Tom Balmforth and Sharon Singleton)

Recommended for you

  • German-Indian JV emerges as sole contender for $5 billion India submarine deal

  • Swiss stock exchange protections complicate SGS-Veritas deal

  • Adidas to axe up to 500 jobs at headquarters, source says