EU leaders agree joint borrowing to fund Ukraine, setting aside plan to use Russian frozen assets
European Union leaders have agreed to borrow money collectively to fund Ukraine’s defence over the next two years, shelving plans to directly use fr...
U.S. President Donald Trump's envoy, Steve Witkoff, is traveling to Moscow this week for renewed peace talks with Russian President Vladimir Putin. The White House confirmed Tuesday that Witkoff will attempt to advance negotiations aimed at ending the war in Ukraine.
This will be Witkoff’s fourth meeting with Putin. Earlier talks have centered on the conditions for a ceasefire, though no breakthroughs have been announced. Trump’s press secretary, Karoline Leavitt, emphasized that the president is pushing for peace, expressing frustration with the ongoing conflict and urging both sides to find a resolution.
As Witkoff prepares to meet Putin, additional discussions on Ukraine are scheduled for London. U.S. Ukraine envoy General Keith Kellogg will attend, replacing Secretary of State Marco Rubio, who is unable to participate. These meetings come amid fresh signals from Kyiv and Moscow about potential shifts in their positions. Ukrainian President Volodymyr Zelensky expressed readiness for dialogue with Russia, conditional on a ceasefire.
Russian President Putin, according to the Financial Times, has offered to halt his offensive along the current front line in hopes of reaching a peace agreement with Trump. Meanwhile, the U.S. is reportedly weighing the controversial idea of recognizing Russia’s 2014 annexation of Crimea as part of a broader peace deal.
The geopolitical stage is set for high-stakes negotiations that could determine the trajectory of the conflict. With multiple channels now active, both direct and multilateral, the coming days may provide a clearer picture of whether a diplomatic solution is within reach.
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European Union leaders have agreed to borrow money collectively to fund Ukraine’s defence over the next two years, shelving plans to directly use frozen Russian sovereign assets.
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