Published by Global Banking & Finance Review®
Posted on August 8, 2025
4 min readLast updated: January 22, 2026
Finland urges the US to increase sanctions on Russia to end the Ukraine conflict, as Trump's deadline for peace approaches.
By Anne Kauranen
HELSINKI (Reuters) -U.S. President Donald Trump should move forward with imposing more sanctions on Russia as it would help bring an end to the war in Ukraine, Finland's foreign minister said on Friday in a Reuters NEXT Newsmaker interview.
Trump set Friday as the deadline by which Russia had to agree to peace in Ukraine or have its oil customers face secondary tariffs. If imposed, they would sever a major source of funding for Russian President Vladimir Putin's war effort.
However, Putin and Trump are now expected to meet as early as next week following talks between the Russian leader and U.S. special envoy Steve Witkoff in Moscow on Wednesday, raising the possibility that the new sanctions may be delayed or cancelled.
A White House official said on Wednesday the secondary sanctions were still expected to be implemented against countries doing business with Russia from Friday despite the latest diplomatic flurry.
"I certainly hope that President Trump will move forward with those sanctions," Elina Valtonen said in the interview, referring to the secondary sanctions that could especially impact China and India, the biggest purchasers of Russian oil.
Finland's President Alexander Stubb was among several European leaders to join a phone call with Trump on Wednesday designed to coordinate Western efforts to end the Ukraine war.
Valtonen said continued Western arms supplies to Kyiv also had a vital role to play in pressuring Putin to end the war, which began in February 2022 with Russia's full-scale invasion of Ukraine.
"What we do see... is that the reason that Russia has again shown some willingness to talk, is that the increased arms deliveries (to Ukraine) are definitely piling up the pressure on Russia to find a way out of the war," she said.
Finland, along with other Nordic countries and the three Baltic states, has been among Ukraine's staunchest supporters.
The 2022 invasion prompted Finland, which shares a 1,340-km (833 mile) border with Russia, to join NATO two years ago, upending decades of non-alignment. Valtonen became foreign minister two months after that historic step was taken.
The Russian state's fiscal situation is not as good as it was three years ago and its economic situation is even worse, Valtonen said, referring to the impact of sanctions and a massive diversion of resources in Russia to the war effort.
"We need to be piling up on the pressure, and then hope that Russia will react positively one day, which means that they will end their invasion," she said.
GAZA
Asked about the situation in Gaza, Valtonen expressed "great worry" over a decision by Israel's security cabinet to approve a plan on Friday to take control of Gaza City in an expansion of military operations despite intensifying criticism at home and abroad over the devastating nearly two-year-old war.
On Thursday, asked if Israel would take over the entire coastal territory, Netanyahu told Fox News Channel in an interview: "We intend to."
"We do think that it is so important now... to keep alive the prospect for the two-state solution, even though it looks very difficult at this moment," she said, referring to the creation of a sovereign Palestinian state alongside Israel.
France, Britain and Canada have announced plans in recent weeks to recognise an independent Palestinian state, but Valtonen signalled that Finland has no immediate plans to do so.
"There have to be concrete steps, which essentially means that there will be a mutual recognition of a Palestinian state at some point (with Israel), but also the normalisation of relations between Arab countries ... and with Israel," she said.
(Reporting by Anne Kauranen; additional reporting by Essi Lehto; writing by Gwladys Fouche; editing by Terje Solsvik)
Finland's foreign minister, Elina Valtonen, urged President Trump to impose more sanctions on Russia, believing it would help end the war in Ukraine.
The secondary sanctions could particularly impact countries like China and India, which do business with Russia, and are expected to be implemented despite ongoing diplomatic talks.
The invasion prompted Finland to join NATO two years ago, ending decades of non-alignment and increasing its support for Ukraine.
Valtonen emphasized that continued Western arms supplies to Kyiv are crucial in pressuring Putin to end the invasion, as they increase the pressure on Russia.
Valtonen expressed great worry over Israel's military plans in Gaza and stressed the importance of keeping the prospect for a two-state solution alive.
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