Involving Russia

• President Trump’s openness to negotiations with Russian President Vladimir Putin over ending the war in Ukraine has sparked both hopes for peace and fears of Moscow manipulating the situation.

• Trump’s call, including specifics on a ceasefire and potential meeting in Saudi Arabia, represents a break from the status quo, which has seen the Kremlin face diplomatic isolation and western/NATO sanctions since Russia invaded Ukraine in 2022.

• If successful, Trump’s efforts could bring Putin to the negotiating table, a breakthrough that has been impossible due to Moscow’s war plans.

• The Trump administration’s negotiation terms may lead to Ukraine President Volodymyr Zelenskyy accepting an unpalatable outcome, which could have a profound impact on Ukraine’s security and economy, as well as the EU.