
Ahead of Alaska summit, what US, Russia and Ukraine want
At a time when Europe perceives an existential threat from Russia and the continent's ties with the US are being tested, and when Ukraine's future is at stake, neither the Europeans nor the Ukrainians will be present.
In that sense, the Trump-Putin summit in Anchorage, Alaska, is reminiscent of Yalta 1945, when the leaders of the US, UK, and the Soviet Union met to decide the future of post-War Europe without Charles de Gaulle of France at the table.
This will be the first in-person meeting between the leaders of the US and Russia since June 2021, when Putin met then President Joe Biden in Geneva. The meeting did not go well, and Russia invaded Ukraine eight months later.
Putin will be the first Russian leader to visit Alaska, which was sold to the US in 1867 for $7.2 million. He last visited the US in 2015 to attend events at the United Nations.
The meeting at Joint Base Elmendorf-Richardson will be Putin's first with Trump after he returned to the White House this January. The two leaders met in person on six occasions during Trump's first term (2017-21), the last meeting being the one on June 28, 2019 at the G20 leaders' summit in Osaka, Japan.
Trump had famously promised to end the war in 24 hours. Within a month of his inauguration, the President spoke with Putin — with whom he had claimed to have a good relationship for years — over the phone for 90 minutes.
On February 18, senior American and Russian officials met in Riyadh — the first in-person contact between Washington DC and Moscow since the invasion of Ukraine in February 2022.
Ten days later, Trump and Vice President J D Vance berated Ukraine's President Volodymyr Zelenskyy in front of press cameras at the White House. At this time, Putin was seen to have a clear advantage.
But in April, following negotiations led by Britain's Prime Minister Keir Starmer, Germany's Chancellor Friedrich Merz, and France's President Emmanuel Macron, Trump had a 'very productive' meeting with Zelenskyy at the Vatican. He then posted on social media that 'there was no reason for Putin to be shooting missiles into civilian areas'.
In July, Trump told the BBC in an interview that he was 'disappointed in' Putin, even though he was not yet 'done with him'. Hours earlier, Trump had announced plans to send weapons to Ukraine, and had warned of strong tariffs action against Russia if there was no ceasefire deal in 50 days.
The President subsequently moved up this timeline to 10 days, citing his disappointment with Putin. He complained that his 'nice' and 'respectful' conversations were followed by Russian missile attacks on civilians.
On August 7, the day before the deadline, Trump said the ball was in Putin's court — 'It's gonna be up to him…Very disappointed.'
This week, Trump sought to downplay expectations from the Alaska summit. 'This is really a feel-out meeting,' he said, predicting he would know 'probably in the first two minutes' whether a deal would be possible.
But on Wednesday, after a virtual conference with Zelenskyy and European leaders which he rated at 'a 10' and 'very friendly', Trump threatened 'severe consequences' if Putin did not agree to a deal.
Trump, with his fascination with stopping wars and conflicts, wants to show the world that he has delivered in Ukraine. He aspires for the Nobel Peace Prize, and likely suspects that he is being played by Putin. That frustrates him.
For Putin, the meeting will be a victory from the moment he lands in Alaska. He has been declared an outcast by the West, and he will be on American soil at a time he has charges of war crimes against him. Recognition from the leader of the world's most powerful country is proof that efforts to isolate him have failed.
Putin has aimed high — asking for not just all the Ukrainian territories that Russia currently occupies and a ban on Ukraine's entry into NATO, but also the removal of Zelenskyy.
He will also be looking at an easing of the sanctions on Russia, which have affected its technology and defence industries. Russia's budget deficit is increasing, and its income from oil and gas exports is under pressure.
Zelenskyy's immediate objective is a ceasefire, a stop to the attacks on Ukrainian cities and the killings of Ukrainians. But Kyiv has also stressed that for any talks to be even remotely substantive, the next stage must be about a durable peace that both sides will honour.
'We support what President Trump wanted — a ceasefire, and then sit down at the negotiating table and talk about everything else,' Zelenskyy told reporters this week.
The other goal is NATO membership, and Russia, Zelenskyy has said, 'cannot have any right of veto on this matter'. Ukraine wants continued Western military assistance to strengthen and modernise its armed forces.
Ukraine has also insisted that it will not give up any regions that are currently occupied by Russian forces.
As Trump seeks to pile pressure on Russia, he has squeezed India with a 25% 'penalty' for buying Russian oil, in addition to 25% tariffs on Indian exports to the US.
For Trump, India is the easiest target — the US has limited leverage with China, which buys the most energy from Russia.
NATO chief Mark Rutte had earlier warned India, China, and Brazil that they could face severe economic penalties if they continued to do business with Russia. India and Brazil face 50% US tariffs, the highest in the world.
India's National Security Advisor Ajit Doval met with Putin in the Kremlin last week, and the next day, Prime Minister Narendra Modi spoke with the Russian President. Three days later, Modi called up Zelenskyy.
The outcome of the Alaska summit is of much consequence for India. New Delhi hopes that if Trump comes out feeling good with a 'win' in his mind, it could lead to a rethink of the 25% penalty.
Hours after Trump announced the meeting with Putin, the Ministry of External Affairs (MEA) said, 'India welcomes the understanding reached between the United States and the Russian Federation'.
'This meeting holds the promise of bringing to an end the ongoing conflict in Ukraine and opening up the prospects for peace. As Prime Minister Narendra Modi has said on several occasions, 'this is not an era of war',' MEA spokesperson Randhir Jaiswal said.
Besides hoping for the removal of the penalty for buying Russian oil, India would be keen to participate in the rebuilding of Ukraine, as the post-conflict future emerges.
India will also be looking at how Beijing moves on the peace negotiations, and whether the US — after bringing the Ukraine war to an end — is able to refocus on the Indo-Pacific strategy to counter China.

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Time of India
16 minutes ago
- Time of India
No pause on Russian oil imports, India continues imports based on economic rationale
India has not halted oil purchases from Russia in response to the US President's tariff threat and continues to buy based solely on economic considerations, said AS Sahney, Chairman of Indian Oil Corporation (IOC), the country's largest oil firm. Purchase volumes may fluctuate monthly based on the discounts offered on Russian crude grades like Urals. While discounts had previously reached as high as $ 40 per barrel, they have narrowed to just $ 1.5 late last month, resulting in reduced offtake. Discounts have since widened to about $ 2.70. However, India's intent to continue buying Russian oil remains unchanged. India became the largest customer of Russian oil from 2022, after western countries shunned Russian oil and imposed sanctions on Moscow for its invasion of Ukraine. Sahney said refiners like IOC buy crude oil from Russia purely on economic consideration and have not been asked to cut or boost purchase in response to US tariffs, he said. "There is no pause," he said. Russian oil has continued to flow to Indian refiners in July as well as this month. "We continue to buy, purely based on economic considerations, that is to say if the pricing and characteristics of the crude make sense in our scheme of processing, we buy," he told reporters here. "No special effort is being made to either increase or decrease (the import volumes). We are buying crude as per economic considerations," he said. Imports from Russia made up for 22-23 per cent of all the crude oil that IOC refineries processed in the April-June period. US President Donald Trump last week announced an additional 25 per cent tariff on US imports from India -- raising the overall duty to 50 per cent -- as a penalty for the country's continued imports of Russian oil. Since the steep tariffs are likely to hit the $ 40 billion of non-exempt exports that India does to the US, there has been chatter around stopping or curtailing oil imports from Russia. "There are no sanctions on Russian crude," he said. "India has not done anything that violates any sanctions". Separately, Bharat Petroleum Corporation Ltd (BPCL) Director (Finance) Vetsa Ramakrishna Gupta on an investor call said the discounts have narrowed to $ 1.5 per barrel, and led to lower imports last month. In the first quarter, Russian oil made up 34 per cent of BPCL's crude intake and the company hopes to return to a 30-35 per cent ratio as long as there are no sanctions, he said. Before February 2022, Russian crude oil accounted for less than 1 per cent of India's total oil imports. However, after Moscow's invasion of Ukraine, western nations shunned Russian energy, leading to Russian crude being available at discounted rates compared to global benchmarks. Seizing the economic opportunity, India ramped up its purchases, significantly increasing its reliance on Russian oil to meet domestic energy needs. Russian crude oil now meets 30 per cent of the requirement. Sahney said at no time was import of crude oil from Russia sanctioned and so India continued to purchase keeping in mind economic considerations. "Such purchases will continue unless sanctions are imposed," he said. "We have not got any instruction (from the government) to either increase or decrease purchase. We are doing business as usual." About talk of refiners being asked to increase purchases from the US in a bid to placate Trump, IOC Chairman said, "Neither are we being told to buy more nor are we told to buy less from US or any other destination. Economic considerations dictate our actions."


Time of India
16 minutes ago
- Time of India
Discounts dip but Economics keep Russian oil flowing to India
NEW DELHI: The flow of Russian crude to India remains unabated in spite of discounts shrinking to $1.5-2 per barrel as market factors and input requirement continue to drive refiners' choice in the absence of any govt directive for or against those imports amid US and European Union (EU) pressure. 'We are buying crude as per the economics. We are not making any extra effort for either increasing or decreasing Russian crude (purchase)," IndianOil chairman Arvinder Singh Sahney said on Thursday. Coming from the head of India's largest state-run refiner and a major buyer of Russian crude, the statement can be construed as an indication the govt remains undaunted by western pressure against purchase of those barrels. Govt sources said a team of officials from the external and commerce ministries is set to visit Russia for further discussion on a Rupee-Rouble trade, something both countries have been pursuing for years. Several cargoes of Russian crude was delivered to western ports last week, contrary to foreign media reports of India pausing purchase of Russian oil. Describing those reports as 'wrong', Sahney pointed out that Russian oil was not sanctioned like Iranian or Venezuelan crude but is only subject to a price cap. He said the US had set the price cap at $60/barrel, among other curbs, after Russia's invasion of Ukraine in 2022. The EU's latest curbs has lowered the cap to $47 (at current oil prices). There is no curb on buying Russian oil within these conditions. Sahney said buying (clean) Russian oil even at small discounts could make sense for refiners if the yield patten of that particular grade suits the production plan at a given point. 'If the pricing and characteristics of the crude suits our scheme of processing, we buy,' he said explaining the monthly variations in the quantity of imports from Russia or the US. Separately, executives of other refining companies said the wind-down provisions in the US penalty on New Delhi allow import of Russian crude loaded upto seven days from the order, after which the 25% additional tariff will be imposed on Indian goods exports. 'We will continue to import Russian oil but will not violate the sanctions,' an executive of major refining company said requesting that neither he nor his company be identified.
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Business Standard
16 minutes ago
- Business Standard
Secret Service races to secure lodging for Trump-Putin summit in Alaska
The call to Beau Disbrow was unlike any the Anchorage realtor had ever received. His short-term rentals typically house tourists bound for glaciers, or business travelers passing through. This time, the request came from the US Secret Service. 'Most of my short-term rentals were booked, but I did manage to put some of them into one home,' he said. It was not the last inquiry connected to the highly anticipated summit between President Donald Trump and Russian President Vladimir Putin set for Friday. Soon after the Secret Service call, the Russian consulate in New York phoned Disbrow with the same request. With no vacancies left, he referred the officials to a friend with furnished homes sitting empty. When Trump announced the Alaska meeting a week ago, the lone agent assigned to the Secret Service's post in the Last Frontier began preparing to host hundreds of reinforcements in the days ahead. The agency's mission was unusually complex: to protect both the American and Russian presidents at the same site, each surrounded by a heavily armed security detail. Four people familiar with the planning said the operation became an all-out sprint, compressed into a single week. Because the meeting is on American soil, the Secret Service can move weapons, communications equipment and medical gear without foreign restrictions. But the geography presents its own hurdles. Anchorage has limited hotel rooms and a small rental-car market, so vehicles and other assets are being flown in or driven from other parts of the state. Motorcade SUVs are arriving from the lower 48 on cargo planes. The summit will take place at Joint Base Elmendorf-Richardson, Alaska's largest military installation. A Cold War listening post less than a thousand miles from Russia, the base offers controlled airspace, fortified gates and instant access to military units — and, as an active base, is closed to the public. 'We're in the height of tourist season, so hotels are tight, cars are tight,' Alaska Governor Mike Dunleavy said on Bloomberg Television on Thursday. 'Having this on the base alleviates a lot of issues.' While Anchorage has played host to the Pope and to former President Ronald Reagan in years past, the summit is 'one of the biggest things to happen' in the city, said Dunleavy, a Republican. State Department protocol is shaping much of the plan. In a bilateral meeting, officials said, reciprocity rules mean every courtesy extended to one leader must be matched for the other. Russian security will control Putin's immediate movements while the Secret Service maintains an outer ring. Neither side will open the other's doors or ride in the other's vehicles. If 10 US agents are posted outside a meeting room, 10 Russian agents will stand on the other side. Everything is matched body for body, gun for gun, one person said. That symmetry will extend from the arrival motorcade to the placement of translators in the room. Both sides will bring their own language teams. Even the number and size of hold rooms — secure waiting areas for each leader — are being negotiated. The Secret Service is still waiting for Russia to formally approve the full security plan, the people said. 'The safety of the President is our highest priority,' the Secret Service said in a statement. 'In order to maintain operational security, the Secret Service does not discuss the specific means and methods used to conduct our protective operations.' The Alaska deployment lands with the agency also protecting Vice President JD Vance in the United Kingdom, preparing for the United Nations General Assembly in New York next month and providing protection for former presidents Barack Obama, Joe Biden and George W. Bush and for former Vice President Kamala Harris. Twenty agents and officers have also been assigned this week to support Trump's federal takeover of the DC police department. Now, hundreds of agents have descended on Anchorage. Downtown hotels are full. Rental car lots have been cleared for convoys. Agents in suits and earpieces are posted at intersections while others, in plain clothes, blend into coffee shops and parking garages. Alaska state troopers and local police are folded into motorcade routes that have been mapped down to the turn lane. Every movement of both leaders' vehicles is being choreographed to keep them apart while ensuring each is fully protected. Trump has described the 'feel-out' meeting as an effort toward ending Russia's war in Ukraine, suggesting a territorial swap could be part of a deal. Putin has sought to strengthen his rapport with Trump ahead of their summit, praising the US leader's efforts to broker an end to the war in Ukraine and dangling the promise of economic cooperation as well as a new arms control treaty.