President Trump Addresses Russia Sanctions, Ukraine War, Iran, Economy and Student Loan Forgiveness in Oval Office Remarks

President Trump Addresses Russia Sanctions, Ukraine War, and Student Loan Forgiveness in Oval Office Remarks

In a series of Oval Office statements on Friday, President Donald Trump discussed his administration’s evolving stance on key international and domestic issues, including sanctions on Russia, the ongoing war in Ukraine, and student loan forgiveness programs.

Russia Sanctions and Ukraine Peace Talks

President Trump announced he is “strongly considering” imposing new sanctions and tariffs on Russia until a cease-fire and permanent peace deal are reached in Ukraine. Speaking on his social media platform, Truth Social, Trump said the escalating conflict has prompted him to weigh “large-scale banking sanctions, sanctions, and tariffs” as a pressure tactic.

“Based on the fact that Russia is absolutely pounding Ukraine on the battlefield right now, I am strongly considering large-scale sanctions until a cease-fire and final settlement agreement on peace is reached,” Trump wrote. He urged both sides to engage in direct negotiations, stating, “To Russia and Ukraine, get to the table right now, before it is too late.”

Despite his call for peace talks, Trump acknowledged that negotiations with Ukraine have been “more difficult” than expected, while asserting that Russia might be an easier partner to deal with. “In terms of getting a final settlement, it may be easier dealing with Russia,” he said, adding that Moscow “has all the cards” in the conflict.

Tensions between Trump and Ukrainian President Volodymyr Zelensky have flared in recent weeks, with Trump temporarily halting U.S. aid and intelligence sharing. However, the two leaders have since moved to repair relations. Central to the discussions is a proposed deal that would grant the U.S. a share of Ukraine’s rare earth mineral revenues in exchange for continued support. Both Trump and Zelensky have signaled interest in finalizing the agreement.

Russian officials, meanwhile, have held talks with top Trump aides in Saudi Arabia, but have not publicly committed to a cease-fire or a broader peace agreement. Ukrainian officials are set to attend an upcoming meeting with representatives from allied nations to discuss potential security guarantees as part of any settlement.

Student Loan Forgiveness Program Changes

On the domestic front, Trump announced plans to sign an executive order directing the Department of Education to revise the Public Service Loan Forgiveness Program. The program, which forgives federal student loan debt for individuals in public sector jobs, has come under scrutiny by the administration. Trump suggested that some participating nonprofit organizations may be involved in “illegal or improper activities” and hinted at potential eligibility changes.

Economic Outlook and Other Updates

The president also praised the latest jobs report, expressing optimism about the U.S. economic trajectory despite the ongoing tariff war and expected federal layoffs.

Meanwhile, Trump firmly stated that he is not considering a pardon for Derek Chauvin, the former Minneapolis police officer convicted in the killing of George Floyd. The remark follows speculation fueled by conservative figures and public discussions on social media.

As Trump navigates mounting geopolitical and domestic challenges, his administration continues to recalibrate its strategies on foreign policy, economic policies, and federal programs in the lead-up to future negotiations and policy decisions.

Trump On Iran

President Trump said he sent a letter to the Iranian government seeking to negotiate a deal to prevent Tehran from acquiring a nuclear weapon. The White House did not release the letter or further describe its contents. Mr. Trump’s comments, aired Friday on Fox Business, were a sharp pivot for the president, who in 2018 withdrew from the nuclear deal with Tehran that was the signature foreign policy achievement of his predecessor, Barack Obama.