The U.S. Threatens Russia

The United States is preparing a new sanctions package against Russia and will implement it if Moscow does not cease its conflict in Ukraine, Reuters reports, citing an anonymous American official and sources.

"The Trump administration has developed additional sanctions that could be applied to key sectors of the Russian economy if President Vladimir Putin continues to delay the cessation of military operations in Ukraine. Some of the additional sanctions will target the Russian banking sector and infrastructure utilized for oil deliveries," the outlet states.

According to the source, Trump is likely to wait a few weeks to assess Russia's response after the announcement of sanctions against Rosneft and Lukoil on Wednesday. Reuters notes that Trump is ready to support the sanctions package, but it probably will not take effect in October.

"Last week, Ukrainian officials proposed new sanctions to the U.S. In particular, measures were suggested to disconnect all Russian banks from the dollar settlement system through American partners," the article states.