WASHINGTON (Reuters) -U.S. President Donald Trump's administration has prepared additional sanctions it could use to target key areas of Russia's economy if President Vladimir Putin continues to delay ending Moscow's war in Ukraine, according to a U.S. official and another person familiar with the matter.
One senior U.S. official told Reuters that he would like to see European nations make the next big Russia move, which could be additional sanctions or tariffs. A separate source with knowledge of internal administration dynamics said Trump was likely to hit pause for a few weeks and gauge Russia's reaction to Wednesday's sanctions announcement.
Those sanctions took aim at oil companies Lukoil and Rosneft. The moves spiked oil prices by more than $2 and sent major Chinese and Indian buyers of Russian crude looking for alternatives.
Trump said on Saturday that when he meets with President Xi Jinping on Thursday, China's purchases of Russian oil may be discussed. But China is cutting back "very substantially" on Russian oil and "India is cutting back completely," Trump told reporters.
Reuters