Trump threatens Russia with 'devastating' economic pain if it doesn't sign cease-fire

13 Mar 2025, 10:44 by Paul Godfrey · UPI

March 13 (UPI) -- U.S. President Donald Trump warned Russia of "devastating" economic consequences if it did not sign a cease-fire deal his administration has agreed to with Ukraine but stressed he hoped it wouldn't be necessary to exert that type of pressure.

"There are things that you could do that wouldn't be pleasant, in a financial sense. I can do things financially that would be very bad for Russia. I don't want to do that because I want to get peace," Trump told reporters in the Oval Office on Wednesday as he met with Irish Prime Minister Micheal Martin.