On July 14, the U.S. president threatened “secondary tariffs” on Russia if Putin did not agree to a deal to end the war in the 50-day timeframe which has just ended.
Since then, Trump revised down the deadline to 10-12 days and there has been a meeting between the U.S. and Russian leaders in Alaska. However, the White House has not announced any economic measures to punish Putin directly linked to not meeting the deadline.
When Trump stupidly issued his dumb 50-day ultimatum, I wrote that “…he effectively gave himself fifty days to back down. Russia will not be intimidated, our sanctions are never going to collapse their economy…”
According to Reuters:
The complex web of Western sanctions targeting Russia’s oil and gas industry has failed to impede Moscow’s energy flows or its war effort, suggesting that time and overuse are blunting the force of U.S. and European financial weapons.
Too bad there is no one with even an ounce of sense in control of US foreign policy.
See also:
–Trump Pushes India Closer To China And Russia, Adding To His Diplomatic Failures
–Russia And China Bless Vast New Power Of Siberia 2 Pipeline, Gazprom Says
–Europe Left In The Cold As Russia Deepens Gas Ties With China
–Putin Says Trump Administration Is Listening To Russia’s Arguments On Ukraine War