Those expecting the “major statement” to be an important breakthrough probably should’ve known better. NBC News reported:

Trump said the U.S. will send weapons to Ukraine through NATO, which will pay for and distribute them, and threatened secondary tariffs targeting Russia if a ceasefire deal isn’t reached. ‘We’re going to be doing secondary tariffs if we don’t have a deal in 50 days,’ Trump said. ‘It’s very simple, and they’ll be at 100%.’

In other words, the “major statement” was Trump threatening Russia with sanctions — again.

https://bsky.app/profile/did:plc:4llrhdclvdlmmynkwsmg5tdc/post/3ltwqeojolk2w

Link to tweet

If the rhetoric sounds at all familiar, there’s a good reason for that.

In late January, just two days after his second inaugural, Trump told Russia that if it failed to end its war in Ukraine quickly, the White House “would have no other choice” but to impose new economic sanctions. Putin proceeded to ignore the threat, and Trump failed to follow through.

In early March, it happened again: Trump gave Putin a choice — sanctions or a ceasefire — and the Russian leader again ignored his American counterpart. Trump again failed to follow through.

In late March, Trump once again said he was prepared to impose economic penalties on Russia. In keeping with the pattern, Putin ignored the threat, and Trump failed to follow through.

In early May, for the fourth time in four months, Trump wrote online, “If the ceasefire is not respected, the U.S. and its partners will impose further sanctions.” For the fourth time, Russia expressed indifference. For the fourth time, Trump failed to follow through.

In late May, amid countless headlines about how angry Trump was with Putin, the Republican signaled he was prepared to change course in two weeks. He did not change course in two weeks, and Putin’s military offensive intensified.

In mid June, as Russian attacks against civilian targets worsened, Trump questioned the benefits of sanctioning Russia, complaining the economic penalties cost the United States “a lot of money.”

In mid July, Trump decided to give Putin another 50 days to resolve a conflict that Trump had promised to end within 24 hours of his inauguration.

....Asked what he’d do if Putin ignores the threat, the American president said he didn’t want to talk about it.
https://bsky.app/profile/did:plc:4llrhdclvdlmmynkwsmg5tdc/post/3ltwpyu6jmw2c

Link to tweet

.....But during his latest White House event, the president said of the legislation, “I’m not sure we need it.”

The New York Times reported earlier this month:

Since President Trump returned to office in January, the United States has issued no new sanctions against Russia related to the full-scale invasion of Ukraine. In some cases, the administration has eased restrictions. And without new ones, analysts say, existing measures lose their force. The result has created an opening for new dummy companies to funnel funds and critical components to Russia, including computer chips and military equipment that would otherwise be cut off to the Kremlin, trade and corporate records show.

Those expecting the Republican administration to do something about this probably shouldn’t hold their breath.

In the Oval Office on Monday, Donald Trump was talking tough, announcing new US arms shipments to Ukraine paid for by European governments, and threatening new tariffs which, if imposed, would hit Russia's war chest.

But, back in Moscow, how did the stock exchange react? It rose 2.7%.

That's because Russia had been bracing for even tougher sanctions from President Trump.
...
It wasn't "pleasant". But Russia will be relieved, for example, that the secondary tariffs against Russia's trading partners will only kick in 50 days from now.

https://www.bbc.co.uk/news/articles/c62g6e8zvd4o