Putin Engages China, India, and Allies in Update on Witkoff Diplomacy | World | london-news-net.preview-domain.com

Putin Engages China, India, and Allies in Update on Witkoff Diplomacy

Putin Engages China, India, and Allies in Update on Witkoff Diplomacy

On Friday, President Vladimir Putin engaged in a series of phone calls with the leaders of China, India, Belarus, Kazakhstan, and Uzbekistan to update them on his recent discussions with Steve Witkoff, the special envoy of U.S. President Donald Trump.

During the conversation, Chinese President Xi Jinping expressed Beijing’s support for ongoing U.S.-Russia discussions concerning Ukraine, emphasizing that they “will always… encourage peace and dialogue,” while noting that “complex issues do not have straightforward solutions,” as reported by Chinese state media.

Indian Prime Minister Narendra Modi shared on X that he had a “very good and comprehensive discussion” with his “friend” Putin regarding “the recent developments in Ukraine.” He mentioned their review of the progress in bilateral relations, emphasizing their “Special and Privileged Strategic Partnership.” Modi confirmed previous reports that Putin plans to visit India later this year.

Belarusian President Alexander Lukashenko also talked with Putin about U.S. peace proposals and the potential for a Trump-Putin summit, which Moscow suggested could occur “in the coming days.” However, U.S. officials have yet to verify these plans.

Trump had given Russia until Friday to cease hostilities or face new sanctions and “secondary tariffs” on its major trading partners. He stated that “great progress was made” during Witkoff’s meeting in Moscow. Nonetheless, when asked on Thursday if his deadline for Putin to agree to a ceasefire still stood, Trump replied, “It’s going to be up to him; we’ll see what he has to say.”

The U.S. president expressed his “very disappointed” feelings toward Putin, leaving uncertainty about whether he would maintain his increasingly hardline stance on Russia while pushing for a swift conclusion to the conflict in Ukraine.

Additionally, on Friday, Putin conversed with Uzbek President Shavkat Mirziyoyev and Kazakh President Kasym-Jomart Tokayev, with the Kremlin noting that both Central Asian leaders supported efforts toward a political and diplomatic resolution to the war. Their offices confirmed the talks but did not specify any particular peace plan.

Putin’s outreach followed a call with South African President Cyril Ramaphosa, during which the Russian leader briefed him on peace negotiations. Ramaphosa expressed his “full support for peace initiatives aimed at concluding the war and fostering lasting peace between Russia and Ukraine,” according to a summary of their exchange.

Witkoff, who serves as Special Envoy to the Middle East, has made multiple trips to Russia since Trump assumed office in January, with his last visit occurring in April when he met with Putin to discuss renewing direct peace talks between Ukraine and Russia.

This latest visit coincided with Trump’s announcement of a new 25% tariff on Indian goods due to New Delhi’s ongoing purchases of Russian oil. Both India and China have emerged as significant purchasers of Russian crude oil since 2022.

While officials in both Moscow and Washington have recently shown cautious optimism about advancements in Ukrainian peace negotiations, the specifics of the meeting between Putin and Witkoff remain unclear, and there is little indication that the Kremlin leader is prepared to abandon his maximalist terms for concluding the war against Ukraine.

Just a week prior, Putin told reporters that the conditions for peace he presented a year ago remain mostly the same, which include Ukraine’s renunciation of occupied territories, a commitment to neutrality, limitations on its military size, and a change of regime in Kyiv.

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Russian Ruble Dips After EU Unveils New Sanctions on Energy and Banks Текст: The Russian ruble tumbled sharply on Wednesday, erasing part of its recent gains as investors reacted to fresh concerns over Western sanctions and weakening oil export revenues. The dollar surged nearly 3% in a few hours on the Moscow Exchange, climbing from 78.2 rubles in early trading to 80.49 by 1:45 p.m. local time. The euro jumped above 91 rubles, while the Chinese yuan rose almost 2% to 11.04 rubles. By late afternoon, the ruble had regained some ground, with the dollar retreating to 79.65 and the euro to 91.39. The ruble has been one of the world’s best-performing currencies in 2025, gaining roughly 40% since January. But analysts say the sharp pullback may signal a turning point. Its decline on Wednesday “may be tied to discussions in the EU about a new package of sanctions targeting Russian financial institutions and energy exports,” said Natalia Milchakova, a senior analyst at Freedom Finance Global. A proposed 18th round of EU sanctionsintroducedby the European Commission on Tuesday includes plans to disconnect 22 more Russian banks from the SWIFT global payment system, blacklist dozens of tankers involved in circumventing oil trade restrictions and ban transactions with the Nord Stream gas pipelines. The measures would also lower the price cap on Russian crude exports from $60 to $45 per barrel. Under the cap mechanism, oil sold above the limit would be ineligible for Western insurance and transport services — a move aimed at squeezing revenue from Russian energy exports. Experts warn that these measures, if adopted by the United States and G7 allies, could deliver the most serious blow to Russian oil exports since the European embargo imposed in late 2022. Sanctions have already sidelined much of the Kremlin’s “shadow fleet,” and if the price cap is lowered, Greek shipping firms — which have been instrumental in transporting Russian oil — may exit the market altogether, the Moscow-based Institute for Energy and Finance said. As a result, a noticeable reduction in seaborne oil exports from Russia is likely … and the Russian budget may face an even greater reduction in oil revenues in the second half of this year, the IEF wrote. The ruble is also under seasonal pressure, as exporters appear to have slowed their conversion of foreign currency earnings ahead of the Russia Day holiday weekend, Reuters reported. At the same time, Yevgeny Kogan, a Russian investment banker, said demand for foreign currency may have risen ahead of the long weekend. Adding to the pressure is a decline in oil revenues, which remain the backbone of Russia’s export economy. The average price of Urals crude fell to $52 per barrel in May compared to $66 in January, according to the Economic Development Ministry. That figure represents the lowest level in more than two years. Some analysts believe the ruble’s current weakness may be a harbinger of a more prolonged decline. Kogan predicted the currency could continue to weaken in June and July. Sofya Donets, chief economist at T-Investments,saidpressures could intensify into August, potentially pushing the exchange rate beyond 90 rubles to the dollar. The government-linked Center for Macroeconomic Analysis and Short-Term Forecastingwarnedthat the ruble could experience an “overshoot” in the opposite direction, reversing its earlier gains with a potentially steep depreciation. “The more overvalued the ruble is now,” the group said, “the more vulnerable it is to a sharp correction.”


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