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Trump Unveils Peace Proposal for Ukraine, Offering Weapons to Kyiv and Grace Period to Moscow

President Donald Trump unveiled a new proposal on Monday aimed at ending the war in Ukraine, offering military support to Kyiv while giving Moscow a 50-day window to consider a ceasefire before facing new economic penalties.

Dubbed the Sanctioning Russia Act of 2025, the plan includes immediate U.S. weapons shipments to Ukraine but stops short of imposing harsher sanctions on Russia. Instead, it threatens a 100% tariff on Russian goods and those of its trading partners—should the Kremlin refuse to engage in peace talks within the grace period.

For Ukraine, the proposal signals renewed U.S. backing in the form of badly needed arms to repel Russian attacks. For Russia, the delay in punitive measures offers time to pursue its ongoing summer offensive aimed at seizing four eastern Ukrainian regions before autumn weather sets in.

“Putin will not negotiate as a loser,” a longtime Kremlin associate told TIME from Moscow. “He knows that winners don’t get punished, and if he wins, all of this—sanctions, tariffs—will go away.”

Markets in Moscow reacted with optimism. The main Russian stock index surged by 2.7% and the ruble strengthened following Trump’s announcement, reflecting investor confidence that any threat of tariffs may ultimately be deferred.

The proposal is a pared-down version of a tougher sanctions plan originally championed by Senator Lindsey Graham. His version had called for 500% tariffs targeting Russian oil and its global buyers—particularly India and China—as a means to undercut Moscow’s war financing. Despite bipartisan support for the tougher approach, the White House reportedly urged lawmakers to delay the bill’s progress, with Trump telling reporters on Monday, “I’m not sure we need it.”

Critics argue that Trump’s plan may fail to alter the course of the war. With over three years of combat behind them and more than 5,000 Russian soldiers reportedly dying daily, analysts warn that President Vladimir Putin is unlikely to back down. “He’s too deep into it now,” said the Kremlin insider. “He feels like he has the upper hand.”

While the plan provides Ukraine with short-term support, it does not impose immediate consequences on Russia for its continued aggression. Observers say that unless significant leverage is applied, the Kremlin is unlikely to abandon its goal of capturing all of Ukraine’s eastern territories.

With the war grinding on and casualties mounting on both sides, Trump’s proposal may serve more as a political gesture than a decisive diplomatic breakthrough.

Business

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Business

Fraudsters are increasingly using AI-generated images and videos to trick people into handing over sensitive personal and financial information, according to FraudSMART, the financial crime awareness initiative operated by the Banking and Payments Federation Ireland (BPFI). The organisation has reported a rise in online adverts promoting fake, State-backed investment schemes. These scams often use fabricated images of well-known politicians and business figures to make the offers appear legitimate and encourage users to click on registration links. Niamh Davenport, head of financial crime at BPFI, said scammers are deliberately exploiting recent media coverage of a planned State-backed savings and investment scheme to give their frauds a sense of credibility. “They often claim the scheme is open to everyone, but that places are limited and being ‘snapped up’ fast, in order to pressure people to act quickly,” she said. “They typically promise guaranteed returns or a guaranteed monthly income.” FraudSMART said that while anyone can be targeted, people in their early 50s are particularly vulnerable to investment scams. This age group is often focused on retirement planning, making them more receptive to financial offers that appear secure or high-yield. According to the organisation, most scams follow a similar pattern. Victims are first directed to click a registration link and complete a short online form providing their contact details. They are then contacted by someone posing as a financial adviser, who urges them to make an immediate “security deposit” to secure participation in the scheme. Once a payment is made, the money is quickly moved through multiple accounts, often overseas, making recovery extremely difficult. Davenport warned that scammers are becoming more sophisticated in their use of technology, particularly AI tools that allow them to create realistic but entirely fake promotional content. These materials are designed to mimic legitimate financial advertisements and build trust with potential victims. Recent figures from An Garda Síochána show investment fraud rose by 20% last year, with losses exceeding €20 million. The scale of individual scams varies widely, ranging from smaller crypto-related frauds involving a few hundred euro to large-scale investment schemes where victims lose tens of thousands. FraudSMART is urging the public to remain cautious when encountering online investment advertisements, especially those promising guaranteed returns or requiring urgent action. It also advises consumers to avoid sharing personal information with unverified sources and to be wary of pressure tactics designed to rush financial decisions. Authorities continue to warn that fraudsters are adapting quickly, using advanced digital tools to target victims across multiple platforms.

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