KYIV/WASHINGTON: US President Donald Trump announced new weapons for Ukraine on Monday, and threatened sanctions on buyers of Russian exports unless Russia agrees a peace deal, a major policy shift brought on by frustration with Moscow’s ongoing attacks on its neighbor.

But Trump’s threat of sanctions came with a 50-day grace period, a move that was welcomed by investors in Russia where the rouble recovered from earlier losses and stock markets rose.

Sitting with NATO Secretary General Mark Rutte in the Oval Office, Trump told reporters he was disappointed in Russian President Vladimir Putin and that billions of dollars of US weapons would go to Ukraine.

“We’re going to make top-of-the-line weapons, and they’ll be sent to NATO,” Trump said, adding that Washington’s NATO allies would pay for them.

The weapons would include Patriot air defence missiles Ukraine has urgently sought.

“It’s a full complement with the batteries,” Trump said. “We’re going to have some come very soon, within days... a couple of the countries that have Patriots are going to swap over and will replace the Patriots with the ones they have.”

Some or all of 17 Patriot batteries ordered by other countries could be sent to Ukraine “very quickly”, he said.

Rutte said Germany, Finland, Denmark, Sweden, Norway, the United Kingdom, the Netherlands and Canada all wanted to be a part of rearming Ukraine.

Trump’s threat to impose so-called secondary sanctions on Russia, if carried out, would be a major shift in Western sanctions policy. Lawmakers from both US political parties are pushing for a bill that would authorise such measures, targeting other countries that buy Russian oil.

Throughout the more than three-year-old war, Western countries have cut most of their own financial ties to Moscow, but have held back from taking steps that would restrict Russia from selling its oil elsewhere. That has allowed Moscow to continue earning hundreds of billions of dollars from shipping oil to buyers such as China and India.

“We’re going to be doing secondary tariffs,” Trump said. “If we don’t have a deal in 50 days, it’s very simple, and they’ll be at 100%.”

A White House official said Trump was referring to 100% tariffs on Russian goods as well as secondary sanctions on other countries that buy its exports. Eighty-five of the 100 US senators are co-sponsoring a bill that would give Trump the authority to impose 500% tariffs on any country that helps Russia, but the chamber’s Republican leaders have been waiting for Trump to give them the go-ahead for a vote.

In Kyiv, people welcomed the announcement but some remained cautious about Trump’s intentions.

“I am pleased that finally European politicians, with their patience and convictions, have slightly swayed him (Trump) to our side, because from the very beginning it was clear that he did not really want to help us,” said Denys Podilchuk, a 39-year-old dentist in Kyiv.

GRACE PERIOD

Artyom Nikolayev, an analyst from financial information firm Invest Era, said Trump did not go as far as Russian markets had feared.

“Trump performed below market expectations. He gave 50 days during which the Russian leadership can come up with something and extend the negotiation track. Moreover, Trump likes to postpone and extend such deadlines,” he said.—Reuters