{"id":32103,"date":"2025-09-16T00:02:28","date_gmt":"2025-09-16T00:02:28","guid":{"rendered":"https:\/\/investmentbankingrules.com\/?p=32103"},"modified":"2025-09-16T00:02:28","modified_gmt":"2025-09-16T00:02:28","slug":"trump-demands-nato-allies-halt-russian-oil-purchases-before-new-us-sanctions","status":"publish","type":"post","link":"https:\/\/investmentbankingrules.com\/?p=32103","title":{"rendered":"Trump demands NATO allies halt Russian oil purchases before new US sanctions"},"content":{"rendered":"

President Donald Trump doubled down on his demand that European nations cease all energy purchases from Russia as he mulls his first sanctions on Moscow since re-entering office amid its war in Ukraine.
\nSpeaking to reporters Sunday evening, Trump said European nations, especially those in NATO, are not doing enough to counter Russia, despite the new round of sanctions enacted by the EU last week.\u00a0
\n\u2018They\u2019re not doing the job. NATO has to get together. Europe has to get together,\u2019 Trump said. \u2018Europe\u2026 they\u2019re my friends, but they\u2019re buying oil from Russia, so we can\u2019t be expected to be the only ones that are, you know, full bore.\u2019\u00a0<\/p>\n

\u2018Europe is buying oil from Russia. I don\u2019t want them to buy oil,\u2019 he continued, noting that the sanctions Europe has issued on Russia and Russian officials \u2018are not tough enough.\u2019
\n\u00a0\u2018I\u2019m willing to do sanctions, but they\u2019re going to have to toughen up their sanctions commensurate with what I\u2019m doing,\u2019 Trump confirmed.\u00a0
\nWhile European nations have drastically cut their reliance on Moscow\u2019s oil following Russian President Vladimir Putin\u2019s February 2022 invasion of Ukraine, they have not cut it off entirely \u2013 particularly nations like Hungary, Slovakia, France, Belgium and Spain, which are Europe\u2019s top importers of Russian energy.\u00a0
\nHungary \u2013 whose president remains friendly with Putin despite being a NATO nation \u2013 is Europe\u2019s chief importer of Russian crude oil and pipeline gas, purchasing more than double any other European nation\u2019s Russian energy imports.
\nFrance, which is the second-largest European purchaser of Russian energy, continues to import liquefied natural gas (LNG), which has largely bypassed EU sanctions, in part due to long-standing legally binding commitments.
\nThese agreements mean Paris has committed to \u2018take-or-pay\u2019 contracts through the early 2030s or would face arbitration or penalties. Reporting suggests, however, that the LNG imports are not only slated for French consumption, but are also being passed on to third-party nations like Germany.<\/p>\n

Last month, the EU\u2019s Data Protection Authority confirmed that the bloc had imported nearly $5.2 billion worth of Russian LNG in the first half of 2025.\u00a0
\nTrump\u2019s comments came just one day after he sent a letter to NATO that said he is \u2018ready to do major sanctions on Russia when all NATO Nations have agreed, and started, to do the same thing, and when all NATO nations stop buying oil from Russia,\u2019 according to a post he made on Truth Social.\u00a0
\nBut when asked on Sunday about his plans to hit Russia with additional U.S. sanctions \u2013 which have not been expanded since the Biden administration \u2013 he suggested Europe might need to stop all LNG imports as well.
\nThe president claimed that all Russian imports are supposed to be barred at this time and said, \u2018The deal is, they\u2019re not supposed \u2013 whether it\u2019s natural gas or whether it\u2019s cigarettes, I don\u2019t care \u2013 they\u2019re not supposed to be buying from Russia.\u2019
\nThe president didn\u2019t expand on which deal he was referring to, and he didn\u2019t comment on the U.S.\u2019s $2.1 billion worth of Russian imports it has purchased in the first five months of 2025, largely consisting of enriched uranium, palladium and fertilizers.\u00a0
\nIn addition, he called on NATO allies to hit China with \u201850% to 100% tariffs\u2019 that he said would be withdrawn only after the war in Ukraine concluded \u2013 a rate which is currently higher than the 30% tariffs Washington has slapped on Beijing, though which could significantly expand given Trump\u2019s recent threats to hit China with tariffs as high as 200%.
\nThe White House did not immediately respond to Fox News Digital\u2019s questions regarding this reporting.\u00a0<\/p>\n

This post appeared first on FOX NEWS<\/p>\n","protected":false},"excerpt":{"rendered":"

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