Trump Says Russia Sanctions Would Cost US ‘a Lot of Money’

US President Donald Trump indicated at the Group of Seven summit that he is in no rush to impose tougher sanctions on Russia, dismissing pressure from allied leaders eager to do more to push Moscow to the negotiating table.

The US president has repeatedly said he is considering new economic penalties on Russia, but has declined to follow through. Asked why he is still waiting, Trump told reporters that he wants to see “whether or not a deal is signed” and expressed concern over the impact imposing sanctions would have on the US.