World
In reversal, Trump says Russia attacked Ukraine
President Donald Trump reversed course on Friday and said Russia did in fact invade Ukraine, and that Kyiv would soon sign a minerals agreement with the United States as part of efforts to end the Ukraine war.
Trump had said on Tuesday that Ukraine “should have never started” the war three years ago, prompting a wave of criticism both domestically and internationally. Pressed on the subject in an interview with Fox News Radio on Friday, he acknowledged Russia had invaded Ukraine on the order of Russian President Vladimir Putin, Reuters reported.
“Russia attacked, but they shouldn’t have let him attack,” Trump said, adding that Ukraine President Volodymyr Zelenskiy and then-U.S. President Joe Biden should have taken steps to avert the invasion.
Later, Trump predicted a minerals agreement would be reached soon.
“We’re signing an agreement, hopefully in the next fairly short period of time,” Trump told reporters in the Oval Office when asked about a possible deal for Ukraine’s minerals.
Zelenskiy said separately on Friday that Ukrainian and U.S. teams were working on a draft agreement. “I am hoping for … a fair result,” he said in a video address after sharp exchanges this week between the two leaders.
Trump denounced Zelenskiy as a “dictator” on Wednesday and warned he had to move quickly to secure peace with Russia, which invaded Ukraine nearly three years ago, or risk losing his country.
The change in tone from the United States, Ukraine’s most important backer, has alarmed European officials and stoked fears that Kyiv could be forced into a peace deal that favors Putin.
Zelenskiy had said Trump was trapped in a “disinformation bubble”, but later toned down his statements and said he was hoping for American pragmatism.
Zelenskiy on Wednesday rejected U.S. demands for $500 billion in mineral wealth from Ukraine to repay Washington for wartime aid, saying the United States had supplied nowhere near that sum so far and offered no specific security guarantees in the agreement.
Ukraine has valuable deposits of strategic minerals that the U.S. wants. These include uranium, lithium, cobalt, rare earths and more and are used in applications such as batteries, technology and aerospace.
‘THEY DON’T HAVE ANY CARDS’
Speaking at a White House event earlier on Friday, Trump was critical of Zelenskiy while refraining from negative comments about Putin.
“I’ve had very good talks with Putin, and I’ve had not such good talks with Ukraine,” Trump said. “They don’t have any cards, but they’re playing tough.”
Separately, the United States on Friday proposed a United Nations resolution to mark the third anniversary of Russia’s invasion of Ukraine. The three-paragraph U.S. draft, seen by Reuters, mourns loss of life during the “Russia-Ukraine conflict” and “implores a swift end to the conflict.”
Kyiv and its European allies want their own text to be adopted by the UN General Assembly on Monday calling for de-escalation, an early cessation of hostilities and peaceful resolution to the conflict.
The German government said on Friday that Chancellor Olaf Scholz and Zelenskiy agreed in a phone call that Ukraine must have a seat at the table in peace talks.
Polish President Andrzej Duda, meanwhile, urged Zelenskiy to keep up calm and constructive cooperation with Trump.
Duda, whose term in office expires this year, was one of Trump’s preferred international partners during his 2017-2021 presidency and they have described themselves as friends.
Poland’s president is due to meet Trump in Washington on Saturday, Poland’s state news agency PAP reported.
World
US Vice President Vance emerges as key figure in Iran peace efforts: Report
US Vice President JD Vance has taken a leading role in Washington’s efforts to broker peace with Iran, nearly a month into the ongoing conflict, according to US media reports on Friday.
An Axios report says Vance has been actively engaged in behind-the-scenes diplomacy, holding multiple discussions with Israeli Prime Minister Benjamin Netanyahu and coordinating with Gulf allies, while maintaining indirect communication channels with Iranian officials.
The White House reportedly views Vance as a central negotiator due to his senior position and his skepticism toward prolonged military engagements, making him a suitable envoy for sensitive negotiations.
Vance’s efforts include coordination with countries such as the United Arab Emirates and Qatar, focusing on de-escalation, potential peace talks, and regional security.
US President Donald Trump formally confirmed Vance’s role on Thursday, noting that he is working alongside Middle East Envoy Steve Witkoff and Jared Kushner on ongoing negotiations and will brief officials on developments regarding Iran.
White House officials told Axios that Vance’s seniority and opposition to extended foreign conflicts make him a more appealing interlocutor for Iran than other envoys, with Witkoff recommending him as the lead negotiator. “If the Iranians can’t strike a deal with Vance, they don’t get a deal. He’s the best they’re gonna get,” a senior administration official said.
While Vance assumes a larger diplomatic role, Witkoff and Kushner continue handling negotiations. Reports of a confrontation between Vance and Netanyahu were dismissed by US and Israeli sources as inaccurate.
According to the report, Vance initially expressed skepticism about the war’s duration, objectives, and resource impact but supported a strategy of overwhelming force once Trump decided to proceed. Vance remains aligned with Israel while carefully navigating differences between US and Israeli objectives, advisers said.
“He has his own views, but he is going to work according to Trump’s instructions and try to achieve an outcome that the president likes,” a source close to Vance added.
World
Trump signature to appear on US currency, ending 165-year tradition
The Treasury is still producing notes bearing the signatures of former President Joe Biden’s Treasury secretary, Janet Yellen, and former Treasurer Lynn Malerba.
U.S. paper currency will bear President Donald Trump’s signature starting this summer, the first time a sitting president has signed American money, the Treasury Department said on Thursday.
The redesigned notes, planned to mark the 250th anniversary of American independence, will also for the first time in 165 years drop the signature of the U.S. treasurer, who reports to the Treasury Secretary and oversees the Bureau of Engraving and Printing, the U.S. Mint and other Treasury functions, Reuters reported.
The first $100 bills with Trump’s signature and that of U.S. Treasury Secretary Scott Bessent will be printed in June, followed by other bills in subsequent months. The new bills may take several weeks to circulate through banks.
The Treasury is still producing notes bearing the signatures of former President Joe Biden’s Treasury secretary, Janet Yellen, and former Treasurer Lynn Malerba.
Malerba will be the last of an unbroken line of treasurers whose signatures have appeared on U.S. federal currency since 1861, when the U.S. government first issued it.
The signature change is the latest effort by the Trump administration and its allies to put the president’s name on buildings, institutions, government programs, warships and coins. A federal arts panel, whose members Trump appointed, approved last week the design for a commemorative gold coin with Trump’s image.
Bessent said in a statement that the move was appropriate for the U.S. 250th anniversary, given strong U.S. economic growth and financial stability during Trump’s second term, read the report.
“There is no more powerful way to recognize the historic achievements of our great country and President Donald J. Trump than U.S. dollar bills bearing his name, and it is only appropriate that this historic currency be issued at the Semiquincentennial,” Bessent said.
An effort for a circulating $1 Trump coin was set back by laws prohibiting the depiction of living individuals on U.S. coins.
A statute governing the printing of Federal Reserve notes gives the Treasury broad discretion to change designs to guard against counterfeiting. The law requires keeping certain elements, including the words “In God We Trust,” and only allows portraits of deceased individuals.
The overall designs of bills will not change, except for Trump’s signature replacing the Treasurer’s, Treasury officials said. A mock-up of the $100 bill with Trump’s signature was not immediately available.
Malerba, the former treasurer, declined comment on the Trump administration’s move.
Her predecessor, Jovita Carranza, who served as treasurer in Trump’s first term, called the change “a powerful symbol of American resilience, the enduring strength of free enterprise and the promise of continued greatness.”
The current treasurer, Brandon Beach, whose name has not appeared on the currency, also issued a supportive statement, saying Trump was the architect of a “golden age economic revival.”
World
Trump to hit Iran harder if Tehran does not accept defeat, White House says
Talks with Iran were still under way, Leavitt said. “Talks continue. They are productive, as the president said on Monday, and they continue to be,” she added.
President Donald Trump will hit Iran harder if Tehran fails to accept that the country has been “defeated militarily,” White House press secretary Karoline Leavitt said on Wednesday.
“President Trump does not bluff and he is prepared to unleash hell. Iran should not miscalculate again,” Leavitt told reporters in a press briefing.
“If Iran fails to accept the reality of the current moment, if they fail to understand that they have been defeated militarily, and will continue to be, President Trump will ensure they are hit harder than they have ever been hit before,” she said.
As the joint U.S.-Israeli war on Iran entered its fourth week, there have been efforts by multiple countries such as Pakistan, Turkey and Egypt to mediate.
Iran is still reviewing a U.S. proposal to end the war, despite an initial response that was negative, a senior Iranian official told Reuters on Wednesday, indicating that Tehran had so far stopped short of rejecting it outright.
Talks with Iran were still under way, Leavitt said. “Talks continue. They are productive, as the president said on Monday, and they continue to be,” she added.
Citing unnamed sources, media outlets on Tuesday reported that Washington sent Tehran a 15-point plan on ending the war. Leavitt said on Wednesday that elements of the reports were not fully accurate, but she did not provide specifics.
“The White House never confirmed that full plan. There are elements of truth to it, but some of the stories I read were not entirely factual, so I am not going to negotiate on behalf of the president here at the podium,” Leavitt said.
Global equity markets regained some ground while oil prices dipped on Wednesday after the reports about the plan, with investors hoping for an end to a war that has disrupted global energy supplies and raised inflation concerns.
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