• Sign up for the Daily Digest E-mail
  • Facebook
  • X
  • LinkedIn

BOE Report

Sign up
  • Home
  • StackDX Intel
  • Headlines
    • Latest Headlines
    • Featured Companies
    • Columns
    • Discussions
  • Well Activity
    • Well Licences
    • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts/Data
    • CAOEC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
    • Data
      • Canada Oil Market Data
      • Canada NG Market Data
      • USA Market Data
      • Data Downloads
  • Jobs

Trump ready for ‘phase two’ of Russia sanctions over Ukraine conflict

September 7, 202510:56 AM Reuters0 Comments

U.S. President Donald Trump said on Sunday he is ready to move to a second phase of sanctioning Russia, the closest he has come to suggesting he is on the verge of ramping up sanctions against Moscow or its oil buyers over the war in Ukraine.

Trump has repeatedly threatened Moscow with further sanctions but withheld them as he pursued peace talks.

The latest comments suggest an increasingly aggressive posture, but Trump stopped short of saying he was committed to such a decision or what a second phase might entail.

Asked by a reporter at the White House if he is ready to move to “the second phase” of sanctions against Russia, Trump responded, “Yeah, I am.” He did not elaborate.

Trump has been frustrated by his inability to bring a halt to the fighting after he initially predicted he would be able to end the war in Ukraine swiftly when he took office in January.

The White House did not immediately respond to an email on Sunday seeking comment about what steps Trump was contemplating. The exchange was a follow-up to Trump’s comments on Wednesday defending the actions he had taken already on Russia, including imposing punitive tariffs on India’s U.S.-bound exports last month.

India is a major buyer of Russia’s energy exports, while Western buyers have cut back in response to the war.

“That cost hundreds of billions of dollars to Russia,” Trump said on Wednesday. “You call that no action? And I haven’t done phase two yet or phase three.” Treasury Secretary Scott Bessent said on Sunday that the U.S. and the European Union could heap “secondary tariffs on the countries that buy Russian oil,” pushing the Russian economy to the brink of collapse and bringing Russian President Vladimir Putin to the negotiating table.

China is a major buyer of Russian energy exports.

(Reporting by Trevor Hunnicutt in Washington; Writing by Ted Hesson; Editing by Ross Colvin, Lisa Shumaker and Matthew Lewis)

Follow BOE Report
  • Facebook
  • X
  • LinkedIn

Sign up for the BOE Report Daily Digest E-mail

Successfully subscribed

Latest Headlines
  • Trican Well Service Ltd. Announces Extension and Expansion of Credit Facility
  • Discount on Western Canada Select widens
  • Hundreds of public servants warned this week of job cuts, union says
  • US drillers add rigs for fourth time in five weeks, says Baker Hughes
  • EIA to ditch some existing reports and launch new surveys on minerals, data centers

Return to Home
Alberta GasMonthly Avg.
CAD/GJ
Market Data by TradingView

    Report Error







    Note: The page you are currently on will be sent with your report. If this report is about a different page, please specify.

    About
    • About BOEReport.com
    • In the News
    • Terms of Use
    • Privacy Policy
    • Editorial Policy
    Resources
    • Widgets
    • Notifications
    • Daily Digest E-mail
    Get In Touch
    • Advertise
    • Post a Job
    • Contact
    • Report Error
    BOE Network
    © 2025 Stack Technologies Ltd.