Trump shortens Russia-Ukraine peace deadline to 12 days, warnsof sweeping Russia sanctions | investingLive

Trump has cut his previously announced 50-day deadline for a Russia-Ukraine peace deal, now giving Moscow just “10 or 12 days” to reach an agreement.

Speaking at a press conference in Scotland alongside UK Prime Minister Keir Starmer on Monday, Trump said there’s no point in further delays and expressed frustration over the lack of progress.

He initially issued the 50-day ultimatum on July 14, warning of severe sanctions if Russia failed to act. Trump reiterated that, without a deal, his administration would impose 100% secondary tariffs on countries continuing to buy Russian exports — a move that could have far-reaching consequences for nations like China and India.

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India, China, and Turkey now buy around 60% of Russia’s crude exports, helping sustain its economy since the 2022 invasion of Ukraine. But pressure is mounting: the EU will ban refined products made from Russian oil in 2026, and Indian officials warn that potential U.S. secondary sanctions would be even more disruptive, prompting a search for alternative suppliers.