Investment banker Serhiy Fursa shared his opinions with Espreso TV."Sanctions do hurt Russia. Every year, they shave off up to 2% of its GDP, and that’s a big deal. So yes, tougher sanctions are always a good thing. Slovakia is pushing back now, just like Hungary did earlier, but eventually they’ll be forced to give in. The Slovak economy is tiny compared to the EU as a whole," Fursa said."At this point, U.S. sanctions on Russia come down to whatever is going on in Trump’s head, and even he doesn’t know the answer," he added.He said secondary U.S. sanctions are unlikely to have a real effect. No one’s going to slap 100% tariffs on India or China. But the threat could still work, like a gun on the wall, used for pressure during talks. China will brush it off. India might feel some of it. Moreover, Saudi Arabia is already ramping up production."I think there’ll be conversations like, ‘Dear Saudis, please switch from Russian oil to your own, we’ve signed a trade deal, we’re partners, let’s go that way.’ That’s a real possibility.""And if the U.S. does go ahead with real sanctions, it’ll probably be part of the EU’s 18th sanctions package," Fursa said.On Monday, July 14, U.S. Senate Majority Leader John Thune said the next round of U.S. sanctions would be delayed. He explained that President Donald Trump is ready to act against Russia this summer, but only if Vladimir Putin refuses to agree to a peace deal with Ukraine.