By GEOFF EARLE, DEPUTY U.S. POLITICAL EDITOR

Published: 17:19 GMT, 12 March 2025 | Updated: 17:20 GMT, 12 March 2025

President Donald Trump brandished ‘devastating’ trade and economic pressure that the U.S. could impose on Russia if President Vladimir Putin turns away from the ceasefire that Ukrainian negotiators agreed to in Saudi Arabia Tuesday.

Trump issued the threat – which included a considerable hedge – while discussing administration efforts to bring an end to Russia’s brutal war in Ukraine, which Trump again said could lead to World War III.

‘There are things that wouldn’t be pleasant in a financial sense. I can do things financially that would be very bad for Russia. I don’t want to do it that because I want to get peace,’ Trump said, when pressed by reporters on how he could secure a deal.

‘In a financial sense, yes we could do things that would be very bad for Russia, that would be devastating for Russia. But I don’t want to do that,’ he said.

He spoke after Secretary of State Marco Rubio and national security advisor Mike Waltz announced that Ukraine had agreed to a 30-day ceasefire – if Russia also agrees.

He first issued the trade threat days ago online. It was a notable turn from his well-practiced posture of praising Putin as smart or even expressing appreciation for the Russian position, even while holding an angry Oval Office exchange with Ukrainian President Volodymyr Zelensky.

Now, the fate of a potential ceasefire seeks is in Russia’s hands, and Trump is turning up the economic heat on the aggressor. 

Trump referenced the upcoming talks, where envoy Steve Witkoff is expected in Moscow.

‘So we have people going over there. Mr. VP, you have anything to say about this? Because you’re very much involved,’ Trump invited JD Vance – in a meeting where he made fun of Vance’s shamrock socks while meeting with the Irish Taoiseach.

‘We’ve got some conversations that are happening on the phone and in person and in person with some of our representatives over the next couple of days,’ said Vance, who also tangled with Zelensky. ‘As the President said, we think we’re in a very good place where the Ukrainians have agreed with ceasefire, and we’re not going to see whether we can get the Russians to reduce ceasefire too.’

Trump got asked if Putin would honor a cease fire, having broken them in the past. 

‘We haven’t spoken to him yet with substance, because we just found out. We’re going to know very soon. I’ve gotten some positive messages, but a positive message means nothing. Very serious situation. This is a situation that could lead to world war three 

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Trump threatens Putin with ‘devastating’ punishment if he doesn’t accept Ukraine ceasefire deal

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