LONDON – Ukraine’s dollar bonds and GDP warrant slid more than 1 cent on Monday as hopes for ceasefire proposals with Russia from U.S. President Donald Trump appeared to falter.

The GDP warrant shed 1.29 cents to be bid at 73.76 cents on the dollar, while the bond maturing in 2035 lost 1.18 cents to be bid at 56.66 cents, the lowest level since mid-December Tradeweb data showed.

Trump on Sunday expressed anger with Russian President Vladimir Putin, threatening secondary tariffs on buyers of Russian oil, if he feels Moscow is blocking his efforts to end the war in Ukraine.

Trump also said that Ukrainian President Volodymyr Zelenskiy wants to back out of a critical minerals deal.

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