On Monday, Trump said that Russia's failure to reach a negotiated settlement with Ukraine within 50 days would lead to his administration imposing a 100% tariff rate on Russian imports as well as what he called "secondary tariffs" on countries that have continued to do business with Moscow.

Russian Foreign Minister Sergei Lavrov has listed Moscow's demands for a peace deal that would end its ongoing invasion of Ukraine, including Kyiv's demilitarization and neutrality, international recognition of territory occupied by Moscow, and the lifting of sanctions.

The United Nations insisted on Tuesday that any peace talks on Russia's war in Ukraine must include full accountability for the conflict's litany of violations, following the deadliest month for civilians since May 2022.

This week marked a possible pivot by President Donald Trump regarding Russia's ongoing full-scale invasion of Ukraine.

He believes Russia’s economy and its military are strong enough to weather any additional Western measures. Read more at straitstimes.com. Read more at straitstimes.com.

Volker Turk’s appeal comes the day after US President Donald Trump warned Moscow that it would face significant new economic sanctions if the war was not ended within 50 days

In an abrupt break from his Democratic predecessor Joe Biden, Trump's administration has cast the war as a deadly proxy conflict between Russia and the United States, withdrawn support for Ukraine joining NATO and floated the idea of recognising Russia's annexation of Crimea.

Shares of energy companies fell alongside oil futures as President Trump gave Russia 50 days to comply with demands for a cease-fire. Trump said he would impose tariffs of up to 100% on Russia if the Kremlin doesn't agree to halt hostilities in Ukraine during that time frame.