Trump says ‘we didn’t get there’ but touts progress as meeting with Putin ends without a deal to stop Ukraine war

After speaking for about three hours, the two leaders held a press conference, as Putin began saying that they had reached an agreement to “pave the way for peace in Ukraine” but they did not provide any details. He added that “the radical reasons” of Moscow’s fears in Ukraine should be addressed before reaching a full deal.

“I expect today’s agreements to become a starting point, not only to solve the Ukrainian problem, but also to restore relations between business between Russia and the United States,” Putin said.

Trump followed these observations and suggested that some distinguished issues are still without a solution, but they did not enter into any details.

He said: “There were many points that we agreed to – most of which would like to say – a two big couple that we did not get there.” “We have made some progress. So there is no deal until there is a deal.”

Trump added that he would indicate with NATO leaders and Ukraine.

“I will start making some phone calls and tell them what happened,” he said. “We have held a very fruitful meeting, and many points were agreed upon and there are very few remaining. Some are not important. One of them may be the most important, but we have a good opportunity to get there. We didn’t get there, but we have a good opportunity to get there.”

Trump closed his remarks by saying, “We will talk to you very soon and may see you again.”

After the opening data, the press conference ended without the president dealing with any questions from the correspondents.

Ian Bremer, head of the Research and Political Consulting Company for Risk Research and Consulting in Eurasia, said on X that Putin has gained time and did not recognize anything, describing the summit to win, at the present time, to Russia.

He added: “Putin was equal by President Trump, who was clearly happy with the Russian President.”

Before the meeting, Trump described it as a “table position”, and told Fox News earlier on Friday that if things go well, another meeting will be followed soon. Otherwise, he suggested that he would not hold “any other meetings at all, perhaps at all,” adding that he will feel uncomfortable if there is no “ceasefire.”

Trump said, “You have to weave and do not know what will happen,” Trump said. “But we will go and discover. I would like to see a ceasefire.”

Ukrainian President Folodimir Zelinski, who may be included in a future tour of the talks, said before Trump Putin’s meeting that the United States could end the war.

“We are counting on a strong American position,” he said in a video title from Kyiv. “Everything depends on this.”

Earlier in the week, Zelensky rejected a suggestion from Trump that any ceasefire agreement would require Ukraine and Russia to replace some lands.

On Wednesday, Trump warned that there will be “very severe consequences” if Putin does not agree to stop his war on Ukraine. But after Trump retracted a previous threat to impose secondary sanctions on countries that import Russian oil. Instead, he agreed to interview Putin in Alaska.

On Friday, after his meeting with Putin, Trump did not announce or threaten any new sanctions on Russia despite the lack of a deal.

With the sanctions based on Russia and new elements at stake, the final result of the Trump Putin Summit will establish the winners and losers in the energy field.

Peace means declining fuel prices for consumers, even when the declining oil sector turns into a growing pessimistic around the coming months. On the other hand, continuous fighting may mean increasing sanctions against Russia and buyers of Russian oil, adding pain in the pump while stimulating the covered oil industry and leading higher revenues.

Oil and gas revenues, which fell 27 % in July since last year, are also the main source of Kremlin’s money, and Russia runs out of financial resources because war -related spending deepens its budget deficit.

The National Wealth Fund, a major source of reserves, diminished from 135 billion dollars in January 2022 to only 35 billion dollars last May, and is expected to run out later this year.

“The Russian economy is rapidly approaching a financial crisis Project Syndicate OP-Ed last week. “Although this may not be sufficient to force Putin to seek peace, it indicates that the walls are closed to it.”

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