NATO chief ‘very happy’ with Trump’s sanctions threat to Russia

NATO chief ‘very happy’ with Trump’s sanctions threat to Russia


Mark Rutte, incoming secretary general of the North Atlantic Treaty Organization (NATO), during a transition ceremony at the NATO headquarters in Brussels, Belgium, on Tuesday, Oct. 1, 2024. Mark Rutte, the affable and meticulous former Dutch premier, has a daunting task ahead to keep the defense alliance a global force.

Bloomberg | Bloomberg | Getty Images

NATO’s Secretary-General Mark Rutte hailed newly inaugurated U.S. President Donald Trump’s warning on Wednesday that Russia could expect more tariffs and sanctions if it did not end the war in Ukraine.

“I was very, very happy with the position of Trump to put more sanctions on Russia. We know that the Russian economy is doing terribly bad[ly], and the sanctions will help,” he told CNBC on the sidelines of the World Economic Forum in Davos, Switzerland.”

He expressed hopes that Europe will now also “step up” with sanctions in a bid to “choke off the Russian economy” and lessen Moscow’s war coffers.

“Trump is right, Ukraine is closer to Europe, but Trump is also right that it is a geopolitical conflict so I’m sure the U.S. wants it to end with a good and strong deal,” Rutte added.

Trump on Wednesday said that, if no deal were reached to end the Russia-Ukraine war soon, the U.S. would “have no other choice but to put high levels of Taxes, Tariffs, and Sanctions on anything being sold by Russia to the United States, and various other participating countries.”

“Let’s get this war, which never would have started if I were President, over with!,” Trump said on the Truth Social platform. “We can do it the easy way, or the hard way – and the easy way is always better.”

Trump has previously boasted that he could end the war in Ukraine “within 24 hours” of being elected, as well as threatening to cut military funding for Kyiv. Concerns have mounted in Europe that a financially and weapons-deprived Ukraine could be pushed into a bad peace deal involving territorial concessions to Russia.

February will mark the third anniversary of Russia’s invasion, and while war fatigue has grown among some allies, the war has shown no sign of ending soon with Russia looking to make gains, and Ukraine prevent further territorial losses, ahead of any possible peace talks.

When asked for his current assessment of the war between Ukraine and Russia, NATO chief Rutte said “at the moment, it is moving not in the right direction.”

“At the moment, it [the war] is moving not in the right direction, [the frontlines] should be moving eastwards and it moving westwards … We have to change that, we have to change the trajectory of the war,” he said.

This breaking news story is being updated.

Follow CNBC International on Twitter and Facebook. 





Source

Asia-Pacific markets fall as investors assess U.S.-China trade developments
World

Asia-Pacific markets fall as investors assess U.S.-China trade developments

© Marco Bottigelli | Moment | Getty Images Asia-Pacific markets fell Thursday, after mostly gaining in the previous session on easing U.S.-China trade tensions. Japan’s benchmark Nikkei 225 fell 0.90%, while the Topix lost 0.75%. South Korea’s Kospi declined 0.29% while the small-cap Kosdaq slipped 0.37%. Australia’s benchmark S&P/ASX 200 lost 0.24%. Hong Kong’s Hang […]

Read More
CNBC Daily Open: Nvidia is back in the green amid Trump’s dealmaking
World

CNBC Daily Open: Nvidia is back in the green amid Trump’s dealmaking

NVIDIA CEO Jensen Huang and U.S. President Donald Trump shake hands at an ‘Investing in America’ event in Washington, D.C., U.S., April 30, 2025. Leah Millis | Reuters The “Magnificent Seven” group of stocks — comprising Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia and Tesla — drove much of the S&P 500’s sterling 23.31% gain […]

Read More
UnitedHealth under criminal probe for possible Medicare fraud, report says
World

UnitedHealth under criminal probe for possible Medicare fraud, report says

Bloomberg | Bloomberg | Getty Images The U.S. Department of Justice (DOJ) is investigating UnitedHealth Group for possible Medicare fraud, the Wall Street Journal reported on Wednesday. While the exact nature of the criminal allegations are unclear, the Journal said, citing people familiar with the matter, the probe by the healthcare-fraud unit of the DOJ’s criminal division is […]

Read More