Donald Trump and Vladimir Putin held talks in Alaska on Friday (August 15). The US president's hopes of reaching a ceasefire in Ukraine remain uncertain, but Putin's latest offer of a possible nuclear deal could help both sides save face.
The meeting of the Russian and US leaders at a Cold War-era air force base in Alaska, their first face-to-face talks since Trump returned to the White House, comes amid concerns in Ukraine and Europe that Trump may betray Kyiv.
Trump, who once said he would end Russia's war in Ukraine within 24 hours, said on Thursday that the three-and-a-half-year conflict has proven more difficult to resolve than he imagined.
He said that if his talks with Putin go well, the subsequent trilateral summit with Ukrainian President Volodymyr Zelenskiy – who was not invited to Friday's meeting – would be more important than his meeting with Putin. Trump is pushing for a ceasefire to bolster his credibility as a global peacemaker worthy of the Nobel Peace Prize, something he has made clear is important to him.
Ukraine and its European allies were encouraged by their conference call on Wednesday. In the call, they stated that Trump agreed that Ukraine should be involved in any negotiations on territorial transfers. Zelenskiy said Trump also supported the idea of security guarantees in a post-war settlement, although the US president did not publicly mention this.
Wednesday's call eased their concerns that a Trump-Putin deal would pressure Ukraine into making territorial and other concessions. Putin, whose war economy is showing signs of strain, needs Trump to help Russia escape the shackles of increasingly stringent Western sanctions, or at least not to impose further sanctions on Moscow, something Trump has threatened.
The day before the summit, the Kremlin leader raised the prospect of something else he knows Trump wants – a new nuclear arms control treaty to replace the current one, which expires in February of next year. (alg)
Source: Reuters
Ukrainian President Volodymyr Zelenskiy is due in London to meet British Prime Minister Keir Starmer on Thursday, to take stock ahead of U.S. President Donald Trump's key talks with Russian President ...
US President Donald Trump said he would be speaking to European leaders shortly as he prepares for his summit later this week with Russian counterpart Vladimir Putin. "Will be speaking...
US Treasury Secretary Scott Bessent said interest rates are "too constrictive" and should likely be 150-175 basis points lower. Bessent, speaking in an interview on Bloomberg Television, sa...
The very data that caused President Donald Trump to fire the head of the Bureau of Labor Statistics because he did not like the July employment report, calling it "rigged," is being taken as serious e...
President Trump's deadline for Russia to strike a peace deal with Ukraine passed without stricter US sanctions imposed on Moscow. This likely contributed to the recent weakness in crude oil prices, wi...
The U.S. Census Bureau will release the country's Retail Sales report on Friday. Market analysts expect headline Retail Sales to grow 0.5% monthly in July, following a slightly higher increase in June, indicating that consumption remains strong....
Gold prices are expected to decline for the week on Friday (August 15th), as higher-than-expected US inflation data dampened expectations for a 50 basis point (bps) Fed rate cut in September. Spot gold prices rose 0.1% to $3,339 per ounce at 02:44...
Donald Trump and Vladimir Putin held talks in Alaska on Friday (August 15). The US president's hopes of reaching a ceasefire in Ukraine remain uncertain, but Putin's latest offer of a possible nuclear deal could help both sides save face. The...
Australia will release its July monthly employment report on Thursday at 1:30 GMT, following the Reserve Bank of Australia (RBA) decision to trim...
European stocks closed sharply higher on Wednesday, their highest in two weeks as the outlook of lower interest rates in the United States and the...
U.S. Treasury Secretary Scott Bessent said Wednesday that short-term interest rates should be 1.5 to 1.75 percentage points lower than current...
Richmond Fed President Thomas Barkin believes that consumer spending behavior—now increasingly selective and inclined to "trade down"—can mitigate...