Speaking to reporters inside the Oval Office, Trump says that penalties for Russia could be "devastating" if they opt to continue the war, APA reports citing BBC.
"There are things you can do that wouldn't be pleasant in a financial sense. I can do things financially," Trump says.
"It would be very bad for Russia. I don't want to do that, because I want to get peace."
Those "financial things" could be "devastating" for Moscow, he adds.
"We're getting close to maybe getting something [on Ukraine] done," Trump tells reporters, noting that he believes the once "difficult" Ukrainian side has changed their mindset.
"I had somebody [Zelenskyy] that didn't seem to want peace. Now he's agreed to peace," Trump goes. "So we'll see."
The president declines to assess the potential for a deal, but says he believes "it makes sense for Russia and adds "we've also discussed land".