Nigeria, March 7 -- US President Trump says he is considering imposing large-scale banking sanctions and tariffs on Russia to pressure the country into a ceasefire and settlement deal with Ukraine.

In a post made on Truth Social on Friday, the president said the sanctions would be in place until the three-year-old war between the countries ends.

Mr Trump stated that he was "strongly considering" the sanctions given that Russia is "pounding Ukraine on the battlefield right now."

"I am strongly considering large-scale Banking Sanctions, Sanctions, and Tariffs on Russia until a Ceasefire and FINAL SETTLEMENT AGREEMENT ON PEACE IS REACHED."

"To Russia and Ukraine, get to the table right now, before it is too late. Thank you!!!" he added....