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Trump Threatens 'Economic War' as Russia Stalls on PutinZelensky Talks

With no leader-level meeting set, Washington signals leverage through sanctions talk plus security guarantees.

President Donald Trump greets Russia's President Vladimir Putin on the tarmac at Joint Base Elmendorf-Richardson in Anchorage, Alaska, Aug. 15, 2025. (AP Photo/Julia Demaree Nikhinson)
A general view of the liquefied natural gas plant operated by Sakhalin Energy at Prigorodnoye on the Pacific island of Sakhalin, Russia July 15, 2021. Picture taken July 15, 2021.  REUTERS/Vladimir Soldatkin/File Photo

Overview

  • Trump warned of an "economic war" with severe measures if Moscow does not move toward talks, following Alaska and White House summits that produced no breakthrough.
  • Russia publicly rebuffed an immediate PutinZelensky summit, with Foreign Minister Sergey Lavrov saying no meeting is planned and that no agenda exists.
  • Trump dismissed Kremlin claims that Volodymyr Zelensky is illegitimate as "posturing," while also saying the Ukrainian side is not "exactly innocent."
  • U.S. envoy Steve Witkoff said he will meet Ukrainian representatives in New York this week and that Washington remains in daily contact with Russia.
  • European partners advanced security‑guarantee planning as the UK accused Moscow of "dragging its feet" and reiterated readiness for a coalition force after hostilities.