The Kremlin said on Thursday it saw nothing particularly new in a threat by U.S. President Donald Trump to hit Russia with new sanctions and tariffs if it did not agree to end the war in Ukraine.

President Donald Trump on Wednesday warned he would impose “high levels” of taxes, tariffs and sanctions on Russia unless Russian President Vladimir Putin strikes a deal to end the war in Ukraine, even as trade between the U.S. and Russia has become increasingly limited in recent years.