Overview
- Axios reports the White House is developing a confidential 28‑point framework with Moscow, with Trump envoy Steve Witkoff working closely with Russia’s Kirill Dmitriev after meetings in Miami on October 24–26.
- Ukraine has been briefed but not fully included in the talks, and a planned Witkoff meeting with President Volodymyr Zelensky in Turkey was postponed, according to Axios.
- Trump told reporters he supports legislation to punish countries that do business with Russia, with a Senate proposal led by Lindsey Graham allowing tariffs of up to 500% on imports from buyers of Russian oil or gas.
- U.S. sanctions announced in late October against Rosneft, Lukoil and subsidiaries have already pressured trade flows, with Bloomberg reporting reduced purchases by Chinese state firms and a pullback by major Indian refiners.
- Kremlin spokesman Dmitry Peskov said Russia would view punitive secondary measures extremely negatively, while CREA data show Russian fossil‑fuel export revenues fell in October.