WASHINGTON, August 1. /TASS/. The US administration is set to impose anti-Russian sanctions when the 10-day period expires, even though they may have no serious effect on the situation around Ukraine, US President Donald Trump told reporters.

"We're going to put sanctions. I don't know that sanctions bother him [Russian President Vladimir Putin]. You know, they know about sanctions. I know better than anybody about sanctions, and tariffs, and everything else. I don't know if that has any effect but we're going to do it," he said.

"But this is a war that should have never happened. This is a war that wouldn't have happened if I were president, and this is [former US President Joe] Biden's war. This was a stupid war <…>, should have never gotten into this war," he added.

The American leader previously set a 50-day deadline for reaching agreements between Russia and Ukraine, after which he promised to impose 100% trade duties against Moscow and its trading partners. On Monday, Trump said he was disappointed with Russia and the progress of the settlement, and reduced the deadline to 10-12 days. Trump believes that Russia and Ukraine should reach a peaceful settlement agreement by August 8, said John Kelley, Acting US Representative at the United Nations.