Reuters finds out how the Kremlin assessed Trump's ultimatum

The threat of sanctions from US President Donald Trump against Russia is “painful and unpleasant” but not catastrophic, a source familiar with Kremlin discussions told Reuters. The sanctions would do “little” for Russia, another source added.

The Kremlin believes it is still unclear whether Trump will follow through on his ultimatum, another source familiar with Kremlin discussions told Reuters. Trump has "made threats before" and then failed to act or changed his mind, the source said.

The sources say President Vladimir Putin's determination on the issue is driven by his belief in Russia's victory and skepticism that new US sanctions will have a significant impact given successive waves of economic sanctions over the past three and a half years.

According to a Reuters source, Putin has privately expressed concern about the recent deterioration in relations with the United States. However, the HEAD of state does not rule out that Russia could "make friends" with America again and trade with the West.

In this situation, it is difficult to imagine that CHINA , for example, will stop buying Russianoil at Trump's behest. The US president's actions could backfire, causing oil prices to rise, the Kremlin believes.

Trump announced a new ultimatum of ten days to resolve the conflict on July 29. The previous one, 50 days, was in effect from July 14. After this period, the US president promised to impose secondary tariffs of "approximately 100%" on Russia and its trade partners if there is no progress in resolving the conflict. The Kremlin said that it took Trump's statements into account. The Russian president's press secretary Dmitry Peskov noted that the Russian economy continues to function under "a huge number of sanctions" and has developed "a certain immunity" to them.

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