The President of the United States, Donald Trump, stated that making a peace agreement to end Russia's war against Ukraine is not his business, according to the American leader's press conference. Trump threatened that he might walk away from the negotiations regarding Ukraine,

The Russian economy was slowing even before President Trump’s latest threats. But the Kremlin has enough money to keep fighting in Ukraine.

"The key channel by which secondary tariffs on buyers of Russian energy could impact the global economy would be through the level of energy prices," says Kieran Tompkins from the consultancy Capital Economics. If the tariffs work, they will cut the flow of Russian oil and gas to global markets.