The Kremlin stated that Russia and the U.S. are working on ideas for a peace settlement in Ukraine, despite U.S. President Trump expressing frustration with Putin. Trump threatened secondary tariffs on Russian oil if no ceasefire is reached.
The Kremlin said on Monday Russia and the United States were working on ideas for a possible peace settlement in Ukraine and on building bilateral ties despite U.S. President Donald Trump saying that he was "pissed off" with Vladimir Putin.
Trump told NBC News he was very angry after the Russian leader criticised the credibility of Ukrainian President Volodymyr Zelenskyy, and the U.S. president suggested he could impose secondary tariffs of 25%-50% on buyers of Russian oil.
Trump later reiterated to reporters he was disappointed with Putin but added: "I think we are making progress, step by step."
Asked about Trump's comments, Kremlin spokesman Dmitry Peskov said Moscow was continuing to work with Washington and that Putin remained open to contacts with Trump.
"We are continuing to work with the American side, first of all, to build our bilateral relations, which were badly damaged during the previous (U.S.) administration," Peskov said.
"And we are also working on the implementation of some ideas related to the Ukrainian settlement. This work is underway, but so far there are no specifics that we could or should tell you about. This is a time-consuming process, probably due to its complexity."
A call between Trump and Putin, he said, could be set up at short notice if necessary, though none was scheduled for this week.
Trump, who says he wants to be remembered as a peacemaker, has repeatedly said he wants the three-year conflict in Ukraine to end and has warned of the risks of it escalating into a world war between the United States and Russia.
OIL AND RARE EARTHS
Since taking office in January, Trump has shifted the U.S. to a more conciliatory stance towards Russia that has left Western allies wary as he tries to broker an end to the war.
His comments about Putin on Sunday reflect his growing frustration about the lack of movement on a ceasefire.
"If Russia and I are unable to make a deal on stopping the bloodshed in Ukraine, and if I think it was Russia’s fault ... I am going to put secondary tariffs on oil, on all oil coming out of Russia," Trump said.
“That would be, that if you buy oil from Russia, you can’t do business in the United States,” Trump said. “There will be a 25% tariff on all oil, a 25- to 50-point tariff on all oil.”
Oil prices were little changed on Monday as traders tried to work out how Trump's threat of secondary tariffs against the world's second largest oil exporter might look.
China and India buy about 80% of Russian crude exports. Chinese traders said they were unfazed by the threat, while Beijing said its cooperation with Russia is neither directed nor affected by third parties. India declined comment.
Amid efforts by Trump to end the fighting in Ukraine, minerals cooperation has been floated by both Kyiv and Moscow, though Trump said on Sunday that Zelenskyy wanted to back out of a proposed deal.
Russia and the U.S. have started talks on joint rare earth metals and other projects in Russia, and some companies have already expressed an interest in them, Putin's investment envoy, Kirill Dmitriev, said on Monday.
"There are no specifics here yet, but the interest is evident. The interest is mutual, because we're talking about mutually beneficial projects," Peskov told reporters.
A federal judge ruled that Homeland Security Secretary Kristi Noem likely exceeded her authority by revoking documents granted under the Temporary Protected Status program—offering relief to thousands of Venezuelans facing potential deportation.
Since taking office in January, Trump's sweeping tariff decisions, ranging from steel to smartphones have shaken markets, sparked global tensions, and triggered legal battles, with major duties hitting China, the EU, and even U.S. allies.
Australia is considering a formal dispute at the World Trade Organization over President Donald Trump's plan to double steel and aluminum tariffs, as Canberra warns of economic harm and prepares for upcoming talks.
China rejected U.S. President Donald Trump's accusations of breaching a recent trade agreement, labeling them as "groundless" and warning it will respond decisively to protect its economic interests.
U.S. Treasury Secretary Bessent said on Sunday that he expects President Donald Trump and Chinese President Xi Jinping to speak soon in an effort to resolve a growing dispute over critical minerals.
With the collapse of the Assad regime and growing stability in Syria, thousands of displaced civilians are returning from refugee camps to rebuild their lives amid widespread devastation.
Karol Nawrocki’s narrow win in Poland’s presidential race signals a sharp turn in tone toward both the European Union and Ukraine, raising questions over Warsaw’s future alignment in Central Europe.
In a significant development toward de-escalating the ongoing war, Russia on Monday formally presented Ukraine with a comprehensive peace proposal, outlining steps for a full ceasefire and a long-term peace agreement, according to Vladimir Medinsky, head of the Russian delegation.
On June 3, Baku will host an international scientific conference entitled "Imperial Structure: Colonial Ideologies and Realities."
On May 28, the inauguration ceremony of Lachin International Airport was held.
A car drove into crowds of Liverpool fans celebrating the club’s Premier League title in the city centre on Monday evening, injuring dozens including 4 children. A 53-year-old man believed to be the driver was arrested at the scene.
Taxi drivers across France are protesting government plans to cut payments for driving patients to medical appointments. These cuts are part of a broader effort by Prime Minister François Bayrou to save €40 billion in the 2026 budget and reduce the country’s large deficit.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
The State Oil Company of Azerbaijan (SOCAR) and Canada’s Gran Tierra Energy Inc. signed a Memorandum of Understanding on the sidelines of the 30th Anniversary International Caspian Oil and Gas Exhibition held as part of Baku Energy Week.
Heavy flooding has wreaked havoc in southwestern China’s Yunnan province, destroying dozens of homes and vital infrastructure in the Nujiang Lisu Autonomous Prefecture, local authorities reported on Monday.
Karol Nawrocki’s narrow win in Poland’s presidential race signals a sharp turn in tone toward both the European Union and Ukraine, raising questions over Warsaw’s future alignment in Central Europe.
In a significant development toward de-escalating the ongoing war, Russia on Monday formally presented Ukraine with a comprehensive peace proposal, outlining steps for a full ceasefire and a long-term peace agreement, according to Vladimir Medinsky, head of the Russian delegation.
With the collapse of the Assad regime and growing stability in Syria, thousands of displaced civilians are returning from refugee camps to rebuild their lives amid widespread devastation.
Karol Nawrocki’s narrow win in Poland’s presidential race signals a sharp turn in tone toward both the European Union and Ukraine, raising questions over Warsaw’s future alignment in Central Europe.
In a significant development toward de-escalating the ongoing war, Russia on Monday formally presented Ukraine with a comprehensive peace proposal, outlining steps for a full ceasefire and a long-term peace agreement, according to Vladimir Medinsky, head of the Russian delegation.
On June 3, Baku will host an international scientific conference entitled "Imperial Structure: Colonial Ideologies and Realities."
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