Trump to meet Putin in Alaska on August 15

The meeting follows a deadline for Russia to cease its war in Ukraine, which has market observers concerned about potential penalties on Moscow’s oil clients.The upcoming meeting comes as Putin is reportedly pushing for a ceasefire proposal involving territorial concessions from Ukraine.

Trump has previously threatened “secondary tariffs” of up to 100% against Russia’s trade partners if the invasion does not stop. Bloomberg News has stated that U.S. and Russian officials are discussing ways to halt the conflict while allowing Russia to maintain control over occupied territories.

Earlier this week, U.S. Special Envoy Steve Witkoff met with Putin, which Trump praised as productive.

White House Press Secretary Karoline Leavitt noted that finding a negotiation path to end the conflict remains a top priority. Ukrainian President Volodymyr Zelenskyy expressed hope for a ceasefire but blamed Russia for delays.

Ongoing Challenges

Russia’s demands complicate negotiations, including Kyiv’s NATO ambitions and the annexed regions.

Trump’s stance has shifted as the deadline approaches, expressing disappointment in Putin’s response. Secondary tariffs may further strain Russia’s economy, heavily reliant on crude sales amid international isolation.