US President Donald Trump indicated at the Group of Seven summit that he is in no rush to impose tougher sanctions on Russia, dismissing pressure from allied leaders eager to do more to push Moscow to the negotiating table.
The US president has repeatedly said he is considering new economic penalties on Russia, but has declined to follow through. Asked why he is still waiting, Trump told reporters that he wants to see “whether or not a deal is signed” and expressed concern over the impact imposing sanctions would have on the US.
“Don’t forget, you know, sanctions cost us a lot of money. When I sanction a country that costs the US a lot of money, a tremendous amount of money,” Trump said at the summit in Alberta, Canada. “It’s not just, let’s sign a document you’re talking about billions and billions of dollars. Sanctions are not that easy. It’s not just a one way street.”
Read more: https://www.bloomberg.com/news/articles/2025-06-16/trump-says-russia-sanctions-would-cost-us-a-lot-of-money
----------
Like this video? Subscribe https://www.youtube.com/@Bloomberg-News
Bloomberg News is the first word in business news. Visit bloomberg.com for the latest on global business, markets and more.
Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals
Bloomberg on YouTube:
https://www.youtube.com/@business
https://www.youtube.com/@markets
https://www.youtube.com/@BloombergTechnology
https://www.youtube.com/@BloombergPodcasts
Connect with us on social:
https://www.instagram.com/bloombergbusiness
https://www.linkedin.com/company/bloomberg-news
https://www.tiktok.com/@bloombergbusiness
https://www.facebook.com/bloombergbusiness
--
Support podtube.me continuity as a free service. Become a Patreon or make an one-time donation
--
Video at Youtube: https://www.youtube.com/watch?v=wUCYu8NVTFw