Putin has said repeatedly that he is prepared to negotiate an end to the war, but that Ukraine would have to accept the reality of Russian territorial gains, which are currently about 20% of its land. Kyiv meanwhile says it is not prepared to give up its territory.

President Trump has demanded Russia stop its “ridiculous war” with Ukraine or face stiffer penalties — but the U.S. doesn’t appear to have much financial leverage left after a raft of prior sanctions.

President Donald Trump told Russia to come to the negotiating table to end its war in Ukraine or face additional sanctions.