Overview
- President Trump and NATO Secretary-General Mark Rutte announced that European members will underwrite billions of dollars in U.S. weapons shipments to Ukraine, including Patriot air defense systems.
- Trump warned that any country trading with Russia could face “very severe” secondary tariffs of up to 100 percent if Moscow does not agree to a ceasefire within 50 days.
- Kremlin spokesman Dmitry Peskov said Russia needs time to analyse the ultimatum while former president Dmitry Medvedev dismissed it as a theatrical gesture.
- Ukrainian President Volodymyr Zelenskyy thanked Trump on Telegram for the renewed support and pledged to work toward a lasting and just peace.
- Russia’s stock market initially tumbled after the announcement but rebounded by about 4 percent as investors assessed the potential impact of new tariff threats.