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

Recent inflation data was ‘bad news,’ Fed’s Goolsbee says
World

Recent inflation data was ‘bad news,’ Fed’s Goolsbee says

Austan Goolsbee, President and CEO, Federal Reserve Bank of Chicago speaks at The Capital Hilton during the 42nd annual National Association for Business Economics Economic Policy Conference on February 24, 2026 in Washington, DC. Luke Johnson | Getty Images Inflation data last week was “bad news” for the U.S. Federal Reserve and means the Fed […]

Read More
Global week ahead: Is ‘Sell in May’ just a myth?
World

Global week ahead: Is ‘Sell in May’ just a myth?

Futures-options traders work on the floor at the New York Stock Exchange’s NYSE American (AMEX) in New York City, U.S., April 17, 2026. Brendan McDermid | Reuters Conventional wisdom can be a stubborn force. As the trading month of May gets into full swing this week, should investors continue to follow the old adage of […]

Read More
Trump says the U.S. will reduce number of troops in Germany ‘a lot further’ than withdrawal of 5,000
World

Trump says the U.S. will reduce number of troops in Germany ‘a lot further’ than withdrawal of 5,000

U.S. President Donald Trump departs the White House in Washington, D.C., U.S., May 1, 2026. Kevin Lamarque | Reuters President Donald Trump said Saturday the U.S. will significantly reduce its troop presence in Germany, escalating a dispute with Chancellor Friedrich Merz as he seeks to scale back America’s commitment to European security. The Pentagon on […]

Read More