WASHINGTON/KYIV, Aug 22 (Reuters) - U.S. President Donald Trump renewed a threat to impose sanctions on Russia on Friday if there is no progress toward a peaceful settlement in Ukraine in two weeks, showing frustration at Moscow a week after his meeting with Russian President Vladimir Putin in Alaska.

President Trump and Russian President Vladimir Putin are scheduled to meet Friday at Joint Base Elmendorf-Richardson in Anchorage, Alaska, to discuss the conflict between Russia and Ukraine.

The Alaska summit between President Trump and his Russian counterpart, Vladimir Putin, was more than a high-stakes encounter over the Ukraine war. It signaled America’s recognition that its own missteps have helped drive Russia closer to China,

Promising severe consequences if Russian President Vladimir Putin didn’t agree to a ceasefire with Ukraine and then apparently

Trump and Putin are slated to meet in Anchorage, Alaska, on Friday. The high-stakes meeting comes three-and-a-half years into Russia's war with Ukraine, which Trump pledged to end on his first day back in office.

Russia’s top diplomat said Friday his country is “not ready at all” to discuss a peace deal with Ukraine—a blow to President Donald Trump, whose flashy meeting with Russian President Vladimir Putin appears to have been a flop.

Donald Trump said during a telephone interview that after two weeks, "we'll have to maybe take a different tack".

"Every single sanction that was in place on the day he took over remain. And every – the impact of all those sanctions remain,” Secretary of State Marco Rubio said at a press meet.