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"Unlike past direct sanctions, secondary tariffs extend US reach globally, targeting Russia's trade partners. If enforced, they could affect at least 30-40 percent of Russia's oil sales, destabilizing its economy and rippling through global energy supplies," he warned.

MOSCOW, July 17, (Xinhua): Russia on Tuesday rejected U.S. President Donald Trump's 50-day ultimatum to agree to a Ukraine ceasefire, dismissing the threat of "severe tariffs" as unacceptable. Russian Deputy Foreign Minister Sergey Ryabkov emphasized that Moscow favors a diplomatic resolution to the Ukraine conflict and is ready to negotiate.

It’s highly unlikely we’ll get a peace deal in 50 days solely because Putin still isn’t interested in one,” Angelica Evans from the Institute for the Study of War

Even as Nato chief Mark Rutte has warned India, China, and Brazil about the purchase of Russian oil, the fact remains that European nations —29 of 32 Nato members are from Europe— have given more money for energy imports than they have given Ukraine in aid.

Addressing a press conference, Rutte emphasised the urgency of the situation, noting Trump's announcement on increasing military support for Ukraine, including air defence systems, missiles, and ammunition.

More than a dozen countries stand in the crosshairs of Trump's threat to impose 100% tariffs over their economic ties to Russia.

Russian President Vladimir Putin has sacrificed an estimated 1 million of his soldiers, killed and wounded, in a three-year campaign to crush Ukraine. Now President Donald Trump is betting that