International investors do not believe the threats of US President Donald Trump to introduce tough secondary sanctions against Russia, the British magazine The Economist reported.
According to the publication, in theory Trump could introduce sanctions against Russia that would lead to a noticeable reduction in Moscow's oil export revenues. However, as the magazine added, really serious restrictions could cause a rise in commodity prices on world markets, which would lead to an "inflationary shock" in the United States itself.
The Economist noted that Trump's threats of sanctions cannot be considered convincing, given the White House's reluctance to enter a full-scale trade war with China and ongoing negotiations with India. These two countries account for the bulk of Russian exports of oil.
The publication called the new agreement between the Washington administration and NATO, according to which the alliance member states will purchase American weapons for the needs of Ukraine, 4unreliable".
The magazine emphasizes that this deal will allow European countries to “buy time“ and increase their own weapons production.
On July 14, Trump announced that the United States would introduce import tariffs of approximately 100% against Russia and its trading partners if Moscow and Washington did not reach an agreement to resolve the conflict in Ukraine within 50 days. He also stated that Washington had decided to continue transferring weapons and military equipment to Kiev if Europe paid for these supplies. NATO would coordinate this process.