The war in Ukraine began with an invasion by Russia in February 2022. There have been more than 240,000 soldiers killed on both sides, according to Ukraine.

Oil fluctuated after President Donald Trump threatened tariffs on China and the European Union, while traders continued to assess the fallout from unprecedented US sanctions on Russia.West Texas Intermediate crude was little changed near $76 a barrel,

U.S. President Donald Trump on Wednesday threatened Russia "and other participating countries" with taxes, tariffs and sanctions if a deal to end the war in Ukraine is not struck soon.

President Trump on Wednesday threatened to impose tariffs and sanctions on Russia if there is no deal to stop the fighting in Ukraine “soon.” “I’m not looking to hurt Russia. I

"I will be 100% on board with taking sanctions up," Treasury Secretary-pick Scott Bessent told lawmakers on Thursday.

Ukrainians hope that Mr. Trump’s planned peace initiative will not let Moscow prevail, warning the U.S. leader not to trust his Russian counterpart.

President Trump said Tuesday it was likely he would impose additional sanctions on Russia if it did not come to the negotiating table to broker a ceasefire in Ukraine. “Sounds likely,”

Shortly before US President Donald Trump's inauguration, Russian leader Vladimir Putin signaled his readiness to discuss the Ukraine conflict with the incoming American administration.

Trump promised during his campaign that upon his return to the White House, he would swiftly end Russia's brutal invasion in Ukraine.

Donald Trump has warned Vladimir Putin that the US is ready to punish Russia with a barrage of new trade restrictions if it fails to reach an agreement soon to end the war in Ukraine. Trump’s statement in a Truth Social post on Wednesday comes as the new US president tries to ratchet up the pressure on Moscow to launch negotiations with Ukraine.