World
Trump could meet Putin over Ukraine as soon as next week, official says
President Donald Trump could meet Vladimir Putin as soon as next week, a White House official said on Wednesday, as the U.S. continued preparations to impose secondary sanctions, including potentially on China, to pressure Moscow to end the war in Ukraine.
Such a face-to-face meeting would be the first between a sitting U.S. and Russian president since Joe Biden met Putin in Geneva in June 2021, some eight months before Russia launched the biggest attack on a European nation since World War Two.
Putin and Ukrainian President Volodymyr Zelenskiy have not met since December 2019 and make no secret of their contempt for each other.
The New York Times reported that Trump told European leaders during a call on Wednesday that he intended to meet with Putin and then follow up with a trilateral involving the Russian leader and Zelenskiy.
“There’s a good chance that there will be a meeting very soon,” Trump told reporters.
White House press secretary Karoline Leavitt said: “The Russians expressed their desire to meet with President Trump, and the president is open to meeting with both President Putin and President Zelenskiy.”
The details emerged following a meeting on Wednesday between Putin and U.S. special envoy Steve Witkoff that Trump described as having achieved “great progress” in a Truth Social post, although later said he would not call it a breakthrough.
A Kremlin aide said the talks were “useful and constructive.”
The diplomatic maneuvers come two days before a deadline set by Trump for Russia to agree to peace in Ukraine or face new sanctions.
Trump has been increasingly frustrated with Putin over the lack of progress towards peace and has threatened to impose heavy tariffs on countries that buy Russian exports, including oil.
Trump on Wednesday also said he could announce further tariffs on China similar to the 25% duties announced earlier on India over its purchases of Russian oil.
“We did it with India. We’re doing it probably with a couple of others. One of them could be China,” he said.
The White House official earlier said that while the meeting between Witkoff and Putin had gone well and Moscow was eager to continue engaging with the United States, secondary sanctions that Trump had threatened against countries doing business with Russia were still expected to be implemented on Friday.
Kremlin foreign policy aide Yuri Ushakov said the two sides had exchanged “signals” on the Ukraine issue and discussed the possibility of developing strategic cooperation between Moscow and Washington, but declined to give more details until Witkoff had reported back to Trump.
Zelenskiy said he believed pressure had worked on Russia and Moscow was now more “inclined” to a ceasefire.
“The pressure on them works. But the main thing is that they do not deceive us in the details – neither us nor the U.S.,” Zelenskiy said in his nightly address.
Trump on Truth Social said he had updated some of Washington’s European allies following Witkoff’s meeting.
A German government spokesperson said Trump provided information about the status of the talks with Russia during a call with the German chancellor and other European leaders.
PRESSURE ON INDIA – AND MAYBE CHINA?
Trump took a key step toward punitive measures on Wednesday when he imposed an additional 25% tariff on imports from India, citing New Delhi’s continued imports of Russian oil.
The new measure raises tariffs on some Indian goods to as high as 50% — among the steepest faced by any U.S. trading partner. India’s external affairs ministry called the decision “extremely unfortunate.”
The Kremlin says threats to penalise countries that trade with Russia are illegal.
Trump’s comment on Wednesday that he could impose more tariffs on China would be a further escalation between the world’s two biggest economies.
U.S. Treasury Secretary Scott Bessent last week warned Chinese officials that continued purchases of sanctioned Russian oil would lead to big tariffs due to legislation in Congress.
The U.S. and China have been engaged in discussions about trade and tariffs, with an eye to extending a 90-day tariff truce that is due to expire on August 12, when their bilateral tariffs shoot back up to triple-digit figures.
AIR STRIKES
Bloomberg and independent Russian news outlet The Bell reported that the Kremlin might propose a moratorium on airstrikes by Russia and Ukraine – an idea mentioned last week by Belarusian President Alexander Lukashenko during a meeting with Putin.
Such a move, if agreed, would fall well short of the full and immediate ceasefire that Ukraine and the U.S. have been seeking for months. But it would offer some relief to both sides.
Since the two sides resumed direct peace talks in May, Russia has carried out its heaviest air attacks of the war, killing at least 72 people in the capital Kyiv alone. Trump last week called the Russian attacks “disgusting.”
Ukraine continues to strike Russian refineries and oil depots, which it has hit many times.
Putin is unlikely to bow to Trump’s sanctions ultimatum because he believes he is winning the war and his military goals take precedence over his desire to improve relations with the U.S., three sources close to the Kremlin have told Reuters.
The Russian sources told Reuters that Putin was sceptical that yet more U.S. sanctions would have much of an impact after successive waves of economic penalties during the war.
World
US hits Daesh in Syria with large retaliatory strikes, officials say
The U.S. military launched large-scale strikes against dozens of Daesh targets in Syria on Friday in retaliation for an attack on American personnel, U.S. officials said.
A U.S.-led coalition has been carrying out airstrikes and ground operations in Syria targeting Islamic State suspects in recent months, often with the involvement of Syria’s security forces, Reuters reported.
President Donald Trump had vowed to retaliate after a suspected ISIS attack killed U.S. personnel last weekend in Syria.
Defense Secretary Pete Hegseth said the strikes targeted “ISIS fighters, infrastructure, and weapons sites” and that the operation was “OPERATION HAWKEYE STRIKE.”
“This is not the beginning of a war — it is a declaration of vengeance,” Hegseth said. “Today, we hunted and we killed our enemies. Lots of them. And we will continue,” he added.
Trump said on social media that the Syrian government fully supported the strikes and that the U.S. was inflicting “very serious retaliation.”
U.S. Central Command said the strikes hit more than 70 targets across central Syria, adding that Jordanian fighter jets supported the operation.
One U.S. official said the strikes were carried out by U.S. F-15 and A-10 jets, along with Apache helicopters and HIMARS rocket systems.
Syria reiterated its steadfast commitment to fighting Daesh and ensuring that it has “no safe havens on Syrian territory,” according to a statement by the foreign ministry.
Two U.S. Army soldiers and a civilian interpreter were killed on Saturday in the central Syrian town of Palmyra by an attacker who targeted a convoy of American and Syrian forces before being shot dead, according to the U.S. military. Three other U.S. soldiers were also wounded in the attack.
About 1,000 U.S. troops remain in Syria.
The Syrian Interior Ministry has described the attacker as a member of the Syrian security forces suspected of sympathizing with Daesh.
Syria’s government is led by former rebels who toppled leader Bashar al-Assad last year after a 13-year civil war, and includes members of Syria’s former Al Qaeda branch who broke with the group and clashed with Daesh.
Syria has been cooperating with a U.S.-led coalition against Daesh, reaching an agreement last month when President Ahmed al-Sharaa visited the White House.
World
EU leaders agree joint borrowing to fund Ukraine, setting aside plan to use Russian frozen assets
European Union leaders decided on Friday to borrow cash to fund Ukraine’s defence against Russia for the next two years rather than use frozen Russian assets, sidestepping divisions over an unprecedented plan to finance Kyiv with Russian sovereign cash.
“Today we approved a decision to provide 90 billion euros to Ukraine,” EU summit chairman Antonio Costa told a news conference early on Friday morning after hours of talks among the leaders in Brussels, Reuters reported. “As a matter of urgency, we will provide a loan backed by the European Union budget.”
The leaders also gave the European Commission a mandate to keep working on a so-called reparations loan based on Russian immobilised assets but that option proved unworkable for now, above all due to resistance from Belgium, where the bulk of the assets is held.
The idea of EU borrowing initially seemed unworkable as it requires unanimity and Hungary’s Russia-friendly Prime Minister Viktor Orban had opposed it. But Hungary, Slovakia and the Czech Republic agreed to let the scheme go ahead as long as it did not impact them financially.
The EU leaders said Russian assets, totalling 210 billion euros in the EU, will remain frozen until Moscow pays war reparations to Ukraine. If Moscow ever takes such a step, Ukraine could then use they money to pay back the loan.
USE OF RUSSIAN ASSETS TO COMPLEX AT THIS STAGE
“This is good news for Ukraine and bad news for Russia and this was our intention,” German Chancellor Friedrich Merz said.
The stakes for finding money for Kyiv were high because without the EU’s financial help, Ukraine would run out of money in the second quarter of next year and most likely lose the war to Russia, which the EU fears would bring closer the threat of Russian aggression against the bloc.
The decision follows hours of discussions among leaders on the technical details of an unprecedented loan based on the frozen Russian assets, which turned out to be too complex or politically demanding to resolve at this stage.
The main difficulty was providing Belgium, where 185 billion euros of the total Russian assets in Europe are held, with sufficient guarantees against financial and legal risks from potential Russian retaliation for the release of the money to Ukraine.
“There were so many questions on the Reparations Loan, we had to go to Plan B. Rationality has prevailed,” Belgian Prime Minister Bart De Wever told a news conference. “The EU has avoided chaos and division and remained united,” he said.
HUNGARY SCORES A WIN
With public finances across the EU already strained by high debt levels, the European Commission had proposed using the Russian assets for a loan to Kyiv or joint borrowing against the EU budget.
Using the latter option allowed Orban to claim a diplomatic victory.
“Orban got what he wanted: no reparation loan. And EU action without participation of Hungary, Czech Republic and Slovakia,” one EU diplomat said.
‘CAN’T AFFORD TO FAIL’
Several EU leaders arriving at the summit said it was imperative they find a solution to keep Ukraine financed and fighting for the next two years. They were also keen to show European countries’ strength and resolve after U.S. President Donald Trump last week called them “weak”.
“We just can’t afford to fail,” EU foreign policy chief Kaja Kallas said.
Ukrainian President Volodymyr Zelenskiy, who took part in the summit, urged the bloc to agree to use the Russian assets to provide the funds he said would allow Ukraine to keep fighting.
“The decision now on the table – the decision to fully use Russian assets to defend against Russian aggression – is one of the clearest and most morally justified decisions that could ever be made,” he said.
World
US readies new Russia sanctions if Putin rejects peace deal, Bloomberg News reports
A State Department spokesperson told Reuters it does not preview sanctions.
The United States is preparing a further round of sanctions targeting Russia’s energy sector to increase pressure on Moscow should it reject a peace deal with Ukraine, Bloomberg News reported on Wednesday, citing people familiar with the matter.
A White House official told Reuters that U.S. President Donald Trump had made no new decisions regarding Russian sanctions.
“It is the role of agencies to prepare options for the president to execute,” the official said.
Bloomberg had reported the U.S. was considering options including targeting vessels in what is known as Russia’s shadow fleet of tankers used to transport exported oil, as well as traders who facilitate such transactions.
The new measures could be announced as early as this week, the report said, adding that Treasury Secretary Scott Bessent discussed the move with a group of European ambassadors this week.
“It is explicitly false to conclude any decisions have been made regarding future sanctions against Russia. As we have said for months, all options remain on the table in support of President Trump’s tireless efforts to stop the senseless killing, and to achieving a lasting, durable peace,” a U.S. Treasury Department spokesperson said.
A State Department spokesperson told Reuters it does not preview sanctions.
Asked about the Bloomberg article, the Kremlin said it had not seen the report but that any sanctions harm efforts to mend U.S.-Russia relations.
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