The American president Donald Trump declared on Sunday from the White House that he is ready to proceed with the second phase of imposing sanctions on Russia, for the war in Ukraine.

His statements come in the wake of the largest drone raid that Russia has launched in Ukraine since 2022.

Earlier, US Treasury Secretary Scott Bessant said that additional economic pressure from the US and Europe could persuade Russian President Vladimir Putin to enter peace talks with Ukraine.

If the US and the EU can impose more sanctions, secondary tariffs on countries that buy Russian oil, the Russian economy will be in a state of complete collapse, and this will bring President Putin to the negotiating table, Bessant commented on NBC's Meet the Press.

On September 3, Donald Trump had emphasized that he was awaiting the decision of his counterpart, Vladimir Putin, regarding the war in Ukraine.

I have no message for President Putin. He knows what my position is and he will make a decision one way or the other. Whatever his decision is, we will either be happy or unhappy, and if we are unhappy, you will see things happen., he told reporters at the White House at the time.

After the Shanghai Cooperation Organization (SCO) summit this week, where Vladimir Putin stood by Chinese President Xi Jinping, the US president had said that Russia seemed to have been lost to China.