Trump has said the Russia-Ukraine war must end in 50 days or else he will impose secondary sanctions on Russia
Trump’s Russia threat rings hollow
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
US President Donald Trump threatened on 15 July to impose secondary sanctions on any country purchasing Russian oil within 50 days unless a peace deal is reached to end the conflict in Ukraine, potentially impacting up to 4.7m b/d of global oil supply. In a less chaotic era of US foreign policy, such an announcement might have triggered a sharp reaction in oil markets, given it affects nearly 5% of global supply. The threat coincided with the Trump administration’s announcement of new weapons deliveries to Ukraine on the same day, marking a significant policy shift and highlighting the president’s apparent growing frustration with the Kremlin over stalled peace negotiations. Instead, the ma
Also in this section
16 February 2026
As the third wave of global LNG arrives, Wood Mackenzie’s director for Europe gas and LNG, Tom Marzec-Manser, discusses with Petroleum Economist the outlook for Europe’s gas market in 2026
13 February 2026
Artificial intelligence is pushing electricity demand beyond the limits of existing grids, increasing the role of gas and LNG in energy system planning as a fast, flexible solution
13 February 2026
Panellists at LNG2026 say demand growth will hinge less on the level of global supply and more on the pace of downstream buildout, policy clarity and bankable market frameworks
13 February 2026
The Middle Eastern gas giant and Asian energy heavyweight ink a 20-year landmark LNG agreement at LNG2026 in a significant step towards strengthening global energy partnership
