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Trump Threatens 'Economic War' as U.S. Pushes Daily Ukraine Talks With No PutinZelensky Summit Set

U.S. envoy Steve Witkoff meets Ukrainian officials in New York this week following continued daily contacts with Moscow.

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
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Donald Trump and Volodymyr Zelensky
Kremlin spokesman Dmitry Peskov waits before talks between Russian President Vladimir Putin and Interim President of the Republic of Mali Assimi Goita at the Grand Kremlin Palace in Moscow, Russia June 23, 2025. Pavel Bednyakov/Pool via REUTERS/File Photo

Overview

  • At a White House Cabinet meeting, President Trump warned of severe economic measures and tariffs if progress toward a ceasefire stalls, calling it an "economic war" rather than a military escalation.
  • U.S. special envoy Steve Witkoff said he will meet Ukrainian representatives in New York this week and that Washington is speaking with Russian officials every day, adding his view that a leader-level deal would likely require Trump at the table.
  • Russia signaled no near-term summit by saying a PutinZelensky meeting is not planned and that the agenda is not ready, while Foreign Minister Sergey Lavrov questioned Zelensky’s legitimacy and Trump dismissed such comments as posturing.
  • Sources told Reuters that U.S. and Russian officials discussed potential energy incentives tied to a peace path, including a possible ExxonMobil return to Sakhalin‑1 and sales of U.S. LNG equipment, though no agreements were reached.
  • The UK accused Moscow of stalling negotiations and reiterated that a coalition would be willing to deploy troops to enforce any ceasefire as battlefield attacks continue and Western partners work on security guarantees for Kyiv.