Zürcher Nachrichten - Europe stumped by Trump demands over Russia sanctions

EUR -
AED 4.353369
AFN 75.275634
ALL 96.443616
AMD 447.689592
ANG 2.121543
AOA 1087.009379
ARS 1658.52803
AUD 1.675592
AWG 2.133716
AZN 2.017874
BAM 1.955062
BBD 2.388099
BDT 145.025288
BGN 1.953116
BHD 0.44688
BIF 3505.477523
BMD 1.185398
BND 1.496435
BOB 8.222898
BRL 6.210775
BSD 1.185653
BTN 107.45846
BWP 15.58512
BYN 3.380525
BYR 23233.796816
BZD 2.3847
CAD 1.616586
CDF 2673.071896
CHF 0.912033
CLF 0.025903
CLP 1022.808827
CNY 8.189498
CNH 8.161203
COP 4339.219759
CRC 571.784289
CUC 1.185398
CUP 31.413042
CVE 110.223417
CZK 24.264028
DJF 210.668705
DKK 7.470584
DOP 73.812154
DZD 153.746417
EGP 55.349067
ERN 17.780967
ETB 184.442617
FJD 2.60023
FKP 0.868679
GBP 0.86972
GEL 3.17097
GGP 0.868679
GHS 13.037082
GIP 0.868679
GMD 87.055358
GNF 10407.073827
GTQ 9.094569
GYD 248.066414
HKD 9.264298
HNL 31.335178
HRK 7.534273
HTG 155.201449
HUF 377.580614
IDR 19960.9135
ILS 3.668261
IMP 0.868679
INR 107.599803
IQD 1553.313997
IRR 49934.882375
ISK 145.010484
JEP 0.868679
JMD 185.450037
JOD 0.840458
JPY 181.97338
KES 152.951845
KGS 103.663354
KHR 4765.202279
KMF 491.939661
KPW 1066.866803
KRW 1711.286935
KWD 0.363455
KYD 0.988127
KZT 582.590212
LAK 25402.416683
LBP 106178.543076
LKR 366.741643
LRD 220.5368
LSL 18.933057
LTL 3.500172
LVL 0.717035
LYD 7.47618
MAD 10.84021
MDL 20.115411
MGA 5174.048038
MKD 61.644365
MMK 2488.926503
MNT 4226.618123
MOP 9.547098
MRU 47.321148
MUR 54.445346
MVR 18.261072
MWK 2056.024344
MXN 20.340294
MYR 4.632007
MZN 75.759197
NAD 18.933057
NGN 1601.685545
NIO 43.633539
NOK 11.260212
NPR 171.933136
NZD 1.964127
OMR 0.45577
PAB 1.185753
PEN 3.9767
PGK 5.093057
PHP 68.678988
PKR 331.489342
PLN 4.212963
PYG 7750.076206
QAR 4.32147
RON 5.095427
RSD 117.423155
RUB 90.978885
RWF 1731.746681
SAR 4.445529
SBD 9.536742
SCR 16.678235
SDG 713.016268
SEK 10.597759
SGD 1.496434
SHP 0.889355
SLE 28.982994
SLL 24857.198329
SOS 676.444804
SRD 44.798605
STD 24535.341084
STN 24.490761
SVC 10.375086
SYP 13109.995713
SZL 18.92486
THB 36.913089
TJS 11.18698
TMT 4.148892
TND 3.41971
TOP 2.854154
TRY 51.806269
TTD 8.039967
TWD 37.186156
TZS 3093.094011
UAH 51.245051
UGX 4197.416482
USD 1.185398
UYU 45.942668
UZS 14490.533301
VES 465.541359
VND 30784.780782
VUV 141.155019
WST 3.215055
XAF 655.709627
XAG 0.01546
XAU 0.000237
XCD 3.203597
XCG 2.136894
XDR 0.815035
XOF 655.709627
XPF 119.331742
YER 282.539553
ZAR 18.94101
ZMK 10670.009637
ZMW 21.78978
ZWL 381.697607
  • RBGPF

    0.1000

    82.5

    +0.12%

  • JRI

    0.2135

    13.24

    +1.61%

  • BCC

    -1.5600

    86.5

    -1.8%

  • CMSD

    0.0647

    23.64

    +0.27%

  • BCE

    -0.1200

    25.71

    -0.47%

  • CMSC

    0.0500

    23.75

    +0.21%

  • RELX

    2.2500

    31.06

    +7.24%

  • GSK

    0.3900

    58.93

    +0.66%

  • RYCEF

    0.2300

    17.1

    +1.35%

  • RIO

    0.1600

    98.07

    +0.16%

  • VOD

    -0.0500

    15.57

    -0.32%

  • BTI

    -1.1100

    59.5

    -1.87%

  • BP

    0.4700

    37.66

    +1.25%

  • NGG

    1.1800

    92.4

    +1.28%

  • AZN

    1.0300

    205.55

    +0.5%

Europe stumped by Trump demands over Russia sanctions
Europe stumped by Trump demands over Russia sanctions / Photo: Mandel NGAN - AFP

Europe stumped by Trump demands over Russia sanctions

US President Donald Trump has demanded that allies stop buying Russian oil before he moves on punishing Moscow, and told them to hit China with tariffs.

Text size:

But Trump's requests do not seem feasible, and the EU notes that it has already hammered the Kremlin with sanctions.

Meanwhile, diplomats fear it could be a ploy by Trump to again stall on taking a tough stance against Russia himself.

- Stopping oil purchases? -

In a Truth Social post over the weekend, Trump said he would impose "major sanctions" on Moscow if all NATO countries stopped buying Russian oil.

The 27-nation EU has already banned most imports of Russian oil after the Kremlin's 2022 invasion of Ukraine, slashing the share of oil it imports from Russia from 29 percent in early 2021 to two percent by mid-2025.

Currently Hungary and Slovakia, both countries friendly to both Moscow and Trump, still buy oil from Russia.

The EU is planning to end that entirely and has announced a plan to phase out purchases of all Russian oil and gas by the end of 2027.

EU chief Ursula von der Leyen has said Brussels is "looking at phasing out Russian fossil fuels faster" as it works with partners on toughening sanctions against Moscow.

Other officials have suggested they plan to stick broadly to a timeline EU energy commissioner Dan Jorgensen called "very ambitious" after talks with his US counterpart last week.

But diplomats have welcomed any possible pressure from Trump on Budapest and Bratislava, arguing it could help stiffen European resolve.

"We wouldn't mind some extra push on Hungary, Slovakia from his side as well," an EU diplomat said, speaking on condition of anonymity to discuss sensitive deliberations.

If Trump is serious about getting all NATO countries to turn off the taps, then the bigger issue could be non-EU member Turkey.

Ankara has refused to join international sanctions on Moscow and has even stepped up its purchases of Russian oil.

- Tariffs on China? -

If Trump is largely preaching to the choir on trying to get Europe to cut Russian oil imports, then on China tariffs he is swimming against the tide.

In his post he said NATO countries should place "50% to 100% TARIFFS ON CHINA, to be fully withdrawn after the WAR with Russia and Ukraine is ended".

The EU has already blacklisted firms and banks in China accused of supporting Russia's military or helping circumvent EU sanctions.

But the free-trading bloc is no fan of tariffs, and while it has its own grievances over China's commercial practices, Brussels has no appetite for a broader trade war with the Asian giant.

"Tariffs is not something that is really discussed at the moment," the EU diplomat said.

- So what is the EU doing? -

Brussels is about to put forward its proposals for a 19th package of EU sanctions on Russia since the invasion of Ukraine.

Despite the bloc's top sanctions envoy holding talks in Washington last week, diplomats say that genuine coordination with the United States does not seem on the table.

Officials say the next round of measures should see more Chinese businesses targeted, but they do not expect a broader onslaught against Beijing.

Sceptical voices have also pointed out that Trump's demands for action coincide with US commercial interests.

But a second diplomat said the requests put the bloc "in a tight spot".

"Even if his requests are deliberately excessive, it still forces us to come to terms with them in some kind of way in order to avoid him shifting the blame onto the EU," the diplomat said.

By demanding something he knows the EU is not willing to do, officials worry that Trump could be looking to justify not going after Russia himself.

"What is dangerous is that the US administration hints that if we don't follow through with this idea, the EU is not serious enough in the US's eyes in wanting to end the war," a third EU diplomat said.

"This would be a dangerous spin."

F.Carpenteri--NZN