President of the United States Donald Trump intends to use the country’s economic potential as a tool to influence the Russian Federation to end its aggression against Ukraine. This was stated by the spokesperson for the US State Department, Tammi Bruce.
This is reported by Finway
Experts’ Position on the Effectiveness of Sanctions
Despite the State Department’s statement, analysts believe that economic pressure is unlikely to compel the Russian leadership to make concessions. According to them, Vladimir Putin demonstrates a willingness to endure new economic challenges, and the likelihood of agreeing to a ceasefire due to threats of tariffs and additional sanctions from the US remains minimal.
“If India and China stop purchasing oil, it would be a very strong blow to the Russian economy and military efforts. But this will not happen, as China has stated that it will continue to buy Russian oil,” the experts noted.
Possible Consequences for the Global Economy
Increased tariffs and sanctions could indeed harm the Russian economy; however, there are also risks associated with this for the US and the global market. Experts predict that such actions could lead to rising oil prices, which would pose a political challenge for the Trump administration. Furthermore, tightening sanctions could complicate negotiations with China and India regarding trade agreements.
A separate threat comes from potential countermeasures by Russia. In particular, it is not excluded that Moscow may halt the operations of the Caspian Pipeline Consortium, through which Kazakhstan exports oil. This, in turn, could trigger a major energy supply crisis in the global market.