Trump Threatens Tariffs on Russian Oil Buyers Amid Frustration with Putin

U.S. President Donald Trump warned he could impose 25% to 50% secondary tariffs on countries buying Russian oil if Russia continues to block peace efforts in Ukraine. In an interview with NBC News, Trump expressed anger at Russian President Vladimir Putin, citing recent criticism of Ukrainian President Volodymyr Zelenskiy by the Kremlin.

Since taking office in January, Trump has adopted a softer tone toward Russia, raising concerns among Western allies. However, his comments Sunday reflect rising frustration over the lack of progress in ending the war, which began with Russia’s invasion of Ukraine in February 2022.

“If I think Russia is to blame for stalling peace, there will be secondary tariffs,” Trump stated. “Anyone buying Russian oil could face 25% to 50% tariffs and be barred from doing business in the U.S.”

Trump also criticized Zelenskiy, accusing him of trying to renegotiate a critical minerals agreement and calling Ukraine’s NATO membership unrealistic. He noted that while he remains frustrated with Putin, progress is possible “if he does the right thing.”

There was no immediate response from Moscow. Russia has previously condemned Western sanctions as politically motivated.

India and China, the largest buyers of Russian crude, could be significantly impacted. India alone sourced 35% of its crude imports from Russia in 2024. The U.S. itself has not imported Russian oil since April 2022.

Trump’s remarks came after meetings with Finnish President Alexander Stubb, who proposed setting an April 20 deadline for a ceasefire. Trump also hinted at similar sanctions on Iranian oil buyers if no progress is made on halting Iran’s nuclear weapons program.

The announcement adds to Trump’s recent tariff moves targeting countries with major trade surpluses, including those purchasing oil from sanctioned nations like Venezuela.