NEW YORK/WASHINGTON: US President Donald Trump on Sunday said he is ready to impose the “second phase” of sanctions against Russia.

“Yeah, I am,” Trump said outside the White House in response to a question if he was prepared to impose additional sanctions on Russia.

Trump’s comment came shortly after US Treasury Secretary Scott Bessent said that the Russian economy will “collapse” if Washington and the European Union impose more secondary sanctions on countries that buy crude oil from Moscow.