Ukraine’s allies vow more pressure on Russia as Trump claims energy ceasefire

3 min read
Ukraine’s allies vow more pressure on Russia as Trump claims energy ceasefire
PrimeXBT Editorial Team
Reviewed by PrimeXBT

Ukraine's European allies say they would seek to increase economic pressure on Russia after Donald Trump announced a diesel deal with Vladimir Putin and an energy ceasefire. There was no immediate confirmation from Moscow, and Kyiv says it has no information about it.

European governments moved to seek more economic pressure on Russia after Trump struck a diesel deal with Putin and claimed a ceasefire on energy attacks. The US president also suggested on Saturday that Volodymyr Zelenskyy should be replaced as Ukraine's leader, a remark that shocked Kyiv and its allies.

Trump announces an energy ceasefire without immediate confirmation from Moscow

On Sunday, Trump posted on Truth Social. According to his post: "Effective immediately, there is an ENERGY CEASEFIRE in the War between Russia and Ukraine." The post also said both parties had agreed.

However, there was no immediate confirmation from Moscow, and Ukraine's presidential office said it had no information. A senior official close to Zelenskyy told the FT that nobody had heard of it.

Trump is keen to bring down fuel prices, which have soared largely because of the US-Israeli attacks on Iran in the spring. His comments came after frustration at Kyiv's refusal to pause its strikes on Russian energy infrastructure. US officials have threatened to cut off intelligence sharing if Zelenskyy does not stop hitting Russian oil refineries.

Zelenskyy offers a reciprocal halt

Zelenskyy gave a highly critical first response to the diesel deal but said Ukraine would halt its strikes if Moscow made a reciprocal deal. He also challenged Trump to force Putin to stop attacks long enough for Ukraine to hold elections, which the constitution suspends during martial law. Zelenskyy told ABC News he wants 60 days of total ceasefire to organise them.

Kyiv kept up its air campaign on Sunday. A drone attack shut down a Yandex data centre, the third strike on the company's facilities in four days.

Allies vow more pressure while Italy debates Russian energy

Britain's defence secretary Wes Streeting described the diesel deal as a response to looming US midterm elections. He said the UK intends to do more to raise economic pressure on Russia, including through sanctions. Zelenskyy's office confirmed he would head to London in the coming week.

German foreign minister Johann Wadephul said Putin needed more pressure to force him to the negotiating table.

Reactions in Italy were mixed. Defence minister Guido Crosetto appeared to criticise Trump's decision, while far-right leader Roberto Vannacci called on Italy to restart Russian diesel imports.

Source: Financial Times

Trading involves risk.

Most traded markets

BTC / USD
+0.59% 83,418.5
XAU / USD.24
+0.05% 4,195.65
ETH / USD
+0.75% 2,526.19
SOL / USD
+0.57% 110.95
BNB / USD
+0.37% 753.73
AAVE / USD
-0.98% 169.68
View all markets

Author

PrimeXBT
Our Editorial Team consists of leading experts with a proven record in the fields of trading, cryptocurrencies, blockchain and finance. We thoroughly research the sources of information in order to provide readers with quality content that serves edu...
Read author’s articles
Alert Triangle Risk Disclaimer
Disclaimer: Some past publications may be outdated. We recommend following our news to stay up to date with the latest information. For any questions, feel free to contact our support team via the chat below.
The content provided here is for informational purposes only. It is not intended as personal investment advice and does not constitute a solicitation or invitation to engage in any financial transactions, investments, or related activities. Past performance is not a reliable indicator of future results.
The financial products offered by the Company are complex and come with a high risk of losing money rapidly due to leverage. These products may not be suitable for all investors. Before engaging, you should consider whether you understand how these leveraged products work and whether you can afford the high risk of losing your money.
The Company does not accept clients from the Restricted Jurisdictions as indicated in our website/ T&C. Some services or products may not be available in your jurisdiction.
The applicable legal entity and its respective products and services depend on the client’s country of residence and the entity with which the client has established a contractual relationship during registration.

Today in markets

Browse World News

Register Now

Trading involves risk

Get started in minutes

Our clients love how fast and simple our sign-up is. It takes just a few minutes to get started!

Get Started Get Started
Get started in minutes

Need Help?

Risk Warning:
Trading in leveraged products carries a high level of risk and may not be suitable for all investors.