Russian President Vladimir Putin is standing defiant against President Donald Trump’s threats of tariffs and sanctions if no ceasefire in Ukraine comes to fruition, Reuters reported Wednesday. The Kremlin insisted that Russia would not cave to sanctions and tariff pressure from the U.

Kremlin Presidential Press Secretary Dmitry Peskov stated that Russia has developed "a certain immunity" to sanctions and is prepared for new economic restrictions. "We've been living under a huge number of sanctions for quite a long time.

Oil prices edged higher on Wednesday as investors focused on developments on U.S. President Donald Trump's tighter deadline for Russia to end the war in Ukraine and his tariff threats to countries that trade its oil.