logo
Zelensky leaves White House unscathed as he buys more time

Zelensky leaves White House unscathed as he buys more time

BBC News4 hours ago
The optics could not have been more different this time. Unlike the shockingly ill-tempered previous meeting in February, US President Donald Trump and Ukraine's President Volodymyr Zelensky seemed determined not to look confrontational - despite their remaining differences.Zelensky wore a collared suit (although not of the classical variety), and Trump complimented his attire. The Ukrainian president also repeatedly said "thank you", which must have pleased his host, too.At his opening appearance in the Oval Office, Zelensky spoke little - or maybe he was not keen to, fearing that what he had to say was different from what Trump wanted to hear.Differences showed later, when the US and Ukrainian presidents appeared before journalists together with European leaders. German Chancellor Friedrich Merz and French President Emmanuel Macron both said a ceasefire in Ukraine should be the next step, even though Trump had argued that it was not necessary before a more permanent solution is found. Zelensky remained conspicuously quiet on the issue.
What we heard from the leaders suggests that their discussions behind closed doors focused on security guarantees for Ukraine and prospects for a meeting between Zelensky and Putin.No details were revealed about what guarantees were discussed, or how being face-to-face in the same room with Putin will help end the war.But following the day of talks, Zelensky described security guarantees as a necessary "starting point for ending war". At an earlier news conference outside the White House, he said security guarantees could include a $90bn (£67bn) deal between Kyiv and Washington to acquire US weapons, including aviation systems, anti-missile systems and other weapons he declined to disclose. Zelensky also said the US would purchase Ukrainian drones, which would help boost domestic production of the unmanned aircraft. Though no formal agreement has been reached, Zelensky said a deal could be worked out over the next 10 days. The Ukranian leader, however, was more willing to talk about his possible meeting with Putin, telling reporters he was ready to meet directly with his Russian counterpart, and if Moscow agreed, Trump could join the negotiations. Putin has so far resisted a direct meeting with Zelensky. "Ukraine will never stop on the way to peace," he told reporters, adding that no date had been set.
One issue the leaders seemed reluctant to bring up before the media were possible territorial concessions by Ukraine.Zelensky also mentioned how he showed his US counterpart a map of Ukraine, stressing that Russia has managed to occupy less than 1% of the Ukrainian territory in the last 1,000 days. This was news to the White House, he said. And it helped swing Trump's mood, apparently."I have been fighting with what is on that map," Zelensky told reporters, adding that he pushed back on what the Oval Office map showed as Russian-captured territories. "It isn't possible to say this much territory has been taken over this time. These points are important." The Ukrainian leader seemed mostly upbeat about his latest White House appearance, describing his meeting with Trump as "warm". His optimism, however, appeared deliberate as he sought to avoid a repeat of his last Oval Office visit and convince his American hosts to embrace the European position on ending the war. But perhaps the key outcome of the trip was that it helped Ukraine to buy more time. The call that Trump had with Putin following his first meeting with the European leaders suggests that Russia has managed to do just the same.Despite widespread fears, no catastrophe has happened at the summits in Alaska and Washington - at least nothing from what has been made public.The status quo remains.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

LIVE Russia-Ukraine LIVE: Trump sets up Putin-Zelensky peace talks after 'breakthrough' at White House summit - but Moscow issues more rocket attacks overnight
LIVE Russia-Ukraine LIVE: Trump sets up Putin-Zelensky peace talks after 'breakthrough' at White House summit - but Moscow issues more rocket attacks overnight

Daily Mail​

time7 minutes ago

  • Daily Mail​

LIVE Russia-Ukraine LIVE: Trump sets up Putin-Zelensky peace talks after 'breakthrough' at White House summit - but Moscow issues more rocket attacks overnight

Presidents Vladimir Putin and Volodymyr Zelensky will meet, Donald Trump has said following a White House summit with European leaders aimed at bringing an end to the war in Ukraine. The US President spoke directly with the Russian president to begin planning a meeting between the two warring leaders, which will then be followed by a three-way meeting involving himself. Follow the Daily Mail's liveblog throughout today for all the latest updates. 06:37 Moscow REFUSES to commit to peace talks Let's start with a look at the Daily Mail's top story, which is that Vladimir Putin has failed to commit to peace talks with President Zelensky after yesterday's summit. This is fuelling fears the Russian leader will pull out of efforts to end the Ukraine war at the last minute. Read the full article here: Moscow REFUSES to commit to Putin-Zelensky peace talks The Kremlin branded a 40-minute phone call between President Trump and Putin on Monday as 'frank' and only 'fairly constructive'.

War or peace? For oil markets, the Ukraine outcome is insignificant
War or peace? For oil markets, the Ukraine outcome is insignificant

Reuters

time7 minutes ago

  • Reuters

War or peace? For oil markets, the Ukraine outcome is insignificant

LONDON, Aug 19 (Reuters) - U.S. President Donald Trump's high-stakes diplomacy to resolve the war in Ukraine is unlikely to jolt oil and gas markets, no matter the outcome. Russia has faced multiple rounds of western sanctions and restrictions since its invasion of Ukraine in February 2022, which have dealt severe blows to the country's giant oil and gas industry, sapping Moscow of vital revenue and reshaping global energy markets. Russian gas now accounts for just 18% of European imports, down from 45% in 2021, while the bloc's oil imports from Russia have fallen to 3% from around 30% over that time. The European Union plans to fully phase out Russian energy by 2027. Meanwhile, India has increased its share of Russian crude to 38% of total imports from 16% in 2021, according to Kpler. China and Turkey have also notably ramped up their Russian oil purchases. The war in Ukraine has left over a million dead or wounded, so its conclusion would be welcomed by many. Energy markets, however, are not apt to register much of a reaction unless there is a full ceasefire along with the lifting of all U.S. and European sanctions. And that is long shot. Given the more probable set of scenarios, oil and gas markets are unlikely to be rattled by the fallout from either last Friday's disappointing summit between Trump and Russian President Valdimir Putin or the U.S. president's meetingwith his Ukrainian counterpart Volodymyr Zelenskiy and European leaders on Monday. Full peace in Ukraine remains highly improbable. Trump's apparent support for a comprehensive settlement, rather than a ceasefire, has widened the gap between America, Ukraine and Europe. At the same time, his suggestion of U.S. post-settlement security guarantees for Ukraine is likely to face resistance from Moscow. In other words, don't bet on a full normalization of relations between Russia and the West any time soon. Trump might pressure Zelenskiy into accepting a temporary or partial halt in fighting. But even then, Europe is unlikely to resume Russian energy imports while Putin remains in power. Before 2022, Europe accounted for nearly half of Russia's 4.7 million barrels per day of oil exports and 75% of its gas exports, according to the U.S. Energy Information Administration. The Trump administration could attempt to ease some sanctions unilaterally, but this could face opposition in Congress, including from Republicans, unless a broad peace deal is reached. Perhaps the more likely scenario – Trump failing to broker a deal – also shouldn't have a major impact on energy markets. The U.S. could tighten sanctions, particularly by targeting buyers of Russian energy, as Trump has already threatened. But the U.S. president said on Friday that he would delay so-called "secondary sanctions" on China due to what he described as 'successful' talks with Putin. Of course, India already faces secondary tariffs over its Russian oil purchases. Earlier this month, Trump announced a 25% tariff on Indian goods, citing the country's continued oil imports from Russia. The new tariff, effective August 27, will bring total tariffs on Indian imports to 50%. But even though Indian buyers already appear to be reducing their Russian oil purchases, the impact on global supplies has been minimal as China has increased its intake of Russian crude. Ultimately, China matters far more in this story, and it's unlikely to significantly curb its Russian oil imports, not least because it considers its relationship with Moscow to be strategic. Chinese and Russian oil producers, refiners and traders have already built a sprawling network of tankers and insurers to circumvent Western sanctions on Venezuela, Iran, and Russia. Additionally, U.S. tariffs on Chinese goods already average 55%, according to the Peterson Institute for International Economics. Additional tariffs could raise costs for U.S. consumers, and Beijing could retaliate, potentially by withholding rare earths or other critical minerals, all outcomes Trump would want to avoid – and Beijing knows this. In short, Trump appears to have little stomach for the potential consequences, and even if he were to tighten sanctions, this likely wouldn't materially affect China's ability to import oil. Crucially, oil and gas markets appear to be entering a period of oversupply, meaning any possible disruption in Russian volumes can easily be offset. The IEA expects oil supply to exceed demand by 1.76 million barrels per day in 2025 and by 3 million bpd in 2026, driven by rising output from OPEC+ and the Americas. Global liquefied natural gas (LNG) markets are also expanding rapidly, with new supply coming online in the coming years across the U.S., Qatar, Canada, and elsewhere. LNG capacity is projected to grow from 500 million tons per year in 2024 to 800 mtpa by 2030, according to the International Energy Agency. While Trump's foreign policy remains unpredictable, a few things seem clear. He can't, as he once claimed, end the Ukraine war in one day, and what he can do is unlikely to have much of an impact on oil and gas markets. Enjoying this column? Check out Reuters Open Interest (ROI),, opens new tab your essential new source for global financial commentary. ROI delivers thought-provoking, data-driven analysis. Markets are moving faster than ever. ROI, opens new tab can help you keep up. Follow ROI on LinkedIn, opens new tab and X., opens new tab

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store