One way or other, it looks like Russia could soon be slapped with a fresh round of U.S. sanctions.
On July 23, 2025, a bipartisan push to impose a 500% levy on imports from Russia or any country buying Russian oil was put on hold – but only to allow President Donald Trump’s separate threat of imposing new economic measures to play out first. Trump had previously said he would unilaterally impose new sanctions if President Vladimir Putin failed to agree to a ceasefire with Ukraine by a date the U.S. president originally set at Aug. 30, but later indicated would be shorter.
