Putin breaks from his typical stone-faced expression moments before Trump meeting begins
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Yahoo
23 minutes ago
- Yahoo
Oil markets seen bearish after Trump-Putin Alaska meeting
By Seher Dareen LONDON (Reuters) -Oil markets are set for a muted price reaction when they open on Sunday after U.S. President Donald Trump's and Russian leader Vladimir Putin's meeting in Alaska, at which Trump said a fully-fledged peace deal was the aim for Ukraine rather than a ceasefire. Trump said he had agreed with Putin that negotiators should go straight to a peace settlement - not via a ceasefire, as Ukraine and European allies, until now with U.S. support, have been demanding. Trump said he would hold off imposing tariffs on countries such as China for buying Russian oil following his talks with Putin. He has previously threatened sanctions on Moscow and secondary sanctions on countries such as China and India that buy Russian oil if no moves are made to end the Ukraine war. "This will mean Russian oil will continue to flow undisturbed and this should be bearish for oil prices," said ICIS analyst Ajay Parmar. "It is worth noting that we think the impact of this will be minimal though and prices will likely see only a small dip in the very near term as a result of this news." The oil market will wait for developments from a meeting in Washington on Monday between Trump and Ukrainian President Volodymyr Zelenskiy. European leaders have also been invited to the meeting, a source familiar with the matter told Reuters. "Market participants will track comments from European leaders but for now Russian supply disruption risks will remain contained," said Giovanni Staunovo, analyst at UBS. Brent settled at $65.85 a barrel on Friday, and U.S. West Texas Intermediate at $62.80 - both down nearly $1 before the talks in Alaska. Traders are waiting for a deal, so until that emerges, crude prices are likely to be stuck in a narrow range, said Phil Flynn, a senior analyst with Price Futures Group. "What we do know is that the threat of immediate sanctions on Russia, or secondary sanctions on other countries is put on hold for now, which would be bearish," he said. After the imposition of Western sanctions, including a seaborne oil embargo and price caps on Russian oil, Russia has redirected flows to China and India.
San Francisco Chronicle
24 minutes ago
- San Francisco Chronicle
Putin emerges from the Alaska summit with increased stature and Trump echoing a Kremlin position
In Alaska, President Vladimir Putin walked on a red carpet, shook hands and exchanged smiles with his American counterpart. Donald Trump ended the summit praising their relationship and calling Russia 'a big power ... No. 2 in the world,' albeit admitting they didn't reach a deal on ending the war in Ukraine. By Saturday morning Moscow time, Trump appeared to have abandoned the idea of a ceasefire as a step toward peace -– something he and Ukraine had pushed for months -– in favor of pursuing a full-fledged 'Peace Agreement" to end the war, echoing a long-held Kremlin position. The 'severe consequences' he threatened against Moscow for continuing hostilities were nowhere in sight. On Ukraine's battlefields, Russian troops slowly grinded on, with time on their side. The hastily arranged Alaska summit 'produced nothing for Mr. Trump and gave Mr. Putin most of what he was looking for,' said Laurie Bristow, a former British ambassador to Russia. The summit spectacle Putin's visit to Alaska was his first to the United States in 10 years and his first to a Western country since invading Ukraine in 2022 and plunging U.S.-Russia relations to the lowest point since the Cold War. Crippling sanctions followed, along with efforts to shun Russia on the global stage. In another major blow, the International Criminal Court in 2023 issued an arrest warrant against Putin on accusations of war crimes, casting a shadow on his foreign trips and contacts with other world leaders. Trump's return to the White House appeared to upend all that. He warmly greeted Putin, even clapping for him, on a red carpet as U.S. warplanes flew overhead as the world watched. The overflight was both 'a show of power' and a gesture of welcome from the U.S. president to the Kremlin leader, 'shown off to a friend,' said retired Col. Peer de Jong, a former aide to two French presidents and author of 'Putin, Lord of War.' Russian officials and media reveled in the images of the 'pomp-filled reception' and 'utmost respect' that Putin received in Alaska. Putin has 'broken out of international isolation,' returning to the world stage as one of two global leaders and 'wasn't in the least challenged' by Trump, who ignored the arrest warrant for Putin from the ICC, Bristow told The Associated Press. For Putin, 'mission accomplished' Putin 'came to the Alaska summit with the principal goal of stalling any pressure on Russia to end the war,' said Neil Melvin, director of international security at the London-based Royal United Services Institute. 'He will consider the summit outcome as mission accomplished.' In recent months, Trump has pressed for a ceasefire, something Ukraine and its allies supported and insisted was a prerequisite for any peace talks. The Kremlin has pushed back, however, arguing it's not interested in a temporary truce -– only in a long-term peace agreement. Moscow's official demands for peace so far have remained nonstarter for Kyiv: It wants Ukraine to cede four regions that Russia only partially occupies, along with the Crimean Peninsula, illegally annexed in 2014. Ukraine also must renounce its bid to join NATO and shrink its military, the Kremlin says. After Alaska, Trump appeared to echo the Kremlin's position on a ceasefire, posting on social media that after he spoke to Ukraine's President Volodymyr Zelenskyy and European leaders, 'it was determined by all that the best way to end the horrific war between Russia and Ukraine is to go directly to a Peace Agreement, which would end the war, and not a mere Ceasefire Agreement, which often times do not hold up.' In a statement after the Trump call, the European leaders did not address whether a peace deal was preferable to a ceasefire. The pro-Kremlin tabloid Komsomolskaya Pravda described it as a 'huge diplomatic victory' for Putin, whose forces will have time to make more territorial gains. The summit took place a week after a deadline Trump gave the Kremlin to stop the war or face additional sanctions on its exports of oil in the form of secondary tariffs on countries buying it. Trump already imposed those tariffs on India, and if applied to others, Russian revenues 'would probably be impacted very badly and very quickly,' said Chris Weafer, CEO of Macro-Advisory Ltd. consultancy. In the days before Alaska, Trump also threatened unspecified 'very severe consequences' if Putin does not agree to stop the war. But whether those consequences will materialize remains unclear. Asked about it in a post-summit interview with Fox News Channel, Trump said he doesn't need 'to think about that right now,' and suggested he might revisit the idea in 'two weeks or three weeks or something.' Alexandra Prokopenko of the Carnegie Russia Eurasia Center and a former adviser at the Russian Central Bank, posted on X that it was 'an important tactical victory for Putin' that gives Moscow 'an opportunity to build alternatives and be prepared.' More pressure on Ukraine In a statement after the summit, Putin claimed the two leaders had hammered out an 'understanding' on Ukraine and warned Europe not to 'torpedo the nascent progress.' But Trump said 'there's no deal until there's a deal.' In his Fox interview, Trump insisted the onus going forward might be on Zelenskyy 'to get it done,' but said there would also be some involvement from European nations. Zelenskyy will meet Trump at the White House on Monday. Both raised the possibility of a trilateral summit with Putin, but Kremlin aide Yuri Ushakov said it wasn't discussed in Alaska. The Kremlin has long maintained that Putin would only meet Zelenskyy in the final stages of peace talks. 'Trump now appears to be shifting responsibility towards Kyiv and Europe, while still keeping a role for himself,' Tatiana Stanovaya of the Carnegie Russia and Eurasia Center wrote on X. Fiona Hill, a senior adviser on Russia in his first administration, told AP that Trump has met his match because 'Putin is a much bigger bully.' Trump wants to be the negotiator of 'a big real estate deal between Russia and Ukraine,' she said, but in his mind he can 'apply real pressure' only to one said — Kyiv. Hill said she expects Trump to tell Zelenskyy that 'you're really going to have to make a deal' with Putin because Trump wants the conflict off his plate and is not prepared to put pressure on the Russian president. Far from the summit venue and its backdrop saying 'Pursuing Peace,' Russia continued to bombard Ukraine and make incremental advances on the over 600-mile (1,000-kilometer) front. Russia fired a ballistic missile and 85 drones overnight. Ukraine shot down or intercepted 61 drones, its air force said. Front-line areas of Sumy, Dnipropetrovsk, Donetsk and Chernihiv were attacked. Russia's Defense Ministry said it had taken control of the village of Kolodyazi in the Donetsk region, along with Vorone in the Dnipropetrovsk region. Ukraine did not comment on the claims. Russian forces are closing in on the strongholds of Pokrovsk and Kostiantynivka in the Donetsk region, which Moscow illegally annexed in 2022 but still only partially controls. 'Unless Mr. Putin is absolutely convinced that he cannot win militarily, the fighting is not going to stop," said Bristow, the former ambassador. "That's the big takeaway from the Anchorage summit.' ——
New York Post
24 minutes ago
- New York Post
Zelensky warns Putin will step up attacks on Ukraine, as strongman tries to gain leverage in peace talks
Ukrainian President Volodymyr Zelensky says Russia could intensify its aerial attacks on Kyiv in the wake of high-stakes talks between President Trump and Vladimir Putin — as the strongman seeks to gain leverage at the negotiating table. The warning comes a day after the bilateral summit in Alaska, which failed to yield a cease-fire, and with news of Zelensky's planned trip to Washington, DC on Monday to meet with Trump. 6 Zelensky is getting ready to fly to Washington to meet with President Trump Monday. Ray Tang/Shutterstock Advertisement 'Based on the political and diplomatic situation around Ukraine, and knowing Russia's treachery, we anticipate that in the coming days the Russian army may try to increase pressure and strikes against Ukrainian positions in order to create more favorable political circumstances for talks with global actors,' Zelensky wrote on X Saturday. This comes as the Ukrainian military said that Russian troops have occupied two additional villages Saturday in the eastern region of Donetsk. 6 Zelensky warned that Russia may intensify its attacks in the coming days. REUTERS Advertisement Donetsk, one of the partly Russian-occupied territories in Ukraine, has become a key battleground in recent months. Putin reportedly told US Special Envoy Steve Witkoff last week that he'd be willing to end his nearly three-year-old invasion of Ukraine in exchange for Donetsk and doubled down this week, saying he wants Ukraine to withdraw from the remaining 30% of the region it controls as part of any cease-fire deal. 6 Fighting in the Donetsk region has intensified in recent months. Getty Images Zelensky said fighting in Donetsk remains 'extremely difficult' but that his forces have made some successful counterattacks. Advertisement 'We are defending our positions along the entire front line, and for the second day in a row, we have achieved successes in some extremely difficult areas in the Donetsk region,' Zelensky wrote. 6 Troops from both sides have been exchanging fire in the Donetsk region. Getty Images Hours before the Alaska summit, Russian air strikes killed at least six Ukrainian civilians and injured at least 17, including a child, local authorities reported — as Moscow launched close to 100 drones and two missiles. 'On the day of negotiations, the Russians are killing as well. And that speaks volumes,' Zelensky posted on Friday. Advertisement 'The war continues…It continues exactly because there is no order, nor any signals that Moscow is preparing to end this war.' 6 Friday's Alaska summit between Trump and Putin failed to reach a cease-fire deal. Getty Images Zelensky announced his scheduled White House visit after he spoke on the phone for nearly two hours with Trump, who was on board Air Force One while heading back from Anchorage.
