Just one week into his presidency, U.S. President Donald Trump has hinted at his approach to U.S. sanctions on Russia. First, Trump is no stranger to using sanctions and other coercive economic tools.

The European Union renewed on Monday its wide-ranging sanctions on Russia over the war in Ukraine, after Hungary stopped holding up the move in return for a declaration on energy security.

European Union member states reached an agreement at a meeting in Brussels on Monday to extend sanctions against Russia. At a meeting in Brussels, foreign ministers from the 27 EU member states unanimously agreed to extend sanctions for six months.