Ukraine-Russia News
LAST UPDATE: June 17, 2025
Russia says US has cancelled next round of talks on easing tensions
Reuters
On June 16, Russia announced that the United States unilaterally canceled the next round of bilateral “irritants” talks aimed at normalizing diplomatic relations and embassy operations. The cancellation came without explanation from the U.S., and Russia expressed hope the pause would be brief.
Insight
This development signals a setback in efforts to reduce U.S.–Russia tensions, reflecting continued strain despite ongoing initiatives by Presidents Trump and Putin. The breakdown highlights persistent geopolitical friction, especially linked to Ukraine and sanctions.
Russia’s April exports at $33.1 bln, imports at $24.0 bln, the central bank says
In April, Russia reported export revenue of $33.1 billion and import spending of $24.0 billion, resulting in a trade surplus that contributed to a $21.9 billion current account surplus from January to April.
Insight
The strong trade surplus indicates Russia’s ability to sustain export-driven income despite Western sanctions. However, its reliance on commodity exports also exposes the economy to global price volatility and geo-political risks impacting trade.
Zelensky says to discuss buying US weapons with Trump
AFP
Ukrainian President Zelensky announced he plans to meet President Trump on the sidelines of the G7 summit to explore purchasing a U.S. defense package. He clarified it would be a purchase, not a request for new military aid.
Insight
Zelensky’s approach signals a shift from reliance on aid to more transactional defense deals. It may reflect increasing urgency in Ukraine’s military preparedness and a pragmatic way to secure U.S. support amid changing political dynamics.
EU Faces Struggle to Cut Russia Oil Price Cap on Mideast Risk
The EU is attempting to lower the G7-imposed cap on Russian oil exports from $60 to $45 per barrel. However, U.S. resistance—driven by Middle East instability and market concerns—is complicating the effort.
Insight
The move underscores transatlantic divergence on sanctions strategy. European leaders want stronger punitive measures against Russia, while U.S. caution suggests concern over oil-market volatility and geopolitical spillovers.
EU energy chief says Russian gas ban will equate to force majeure on contracts
EU Energy Commissioner Joergensen confirmed that a ban on Russian gas imports, to be effective by end‑2027, will trigger “force majeure” on existing supply contracts—with no compensation offered to member states.
Insight
The declaration sends a strong signal of Europe’s commitment to energy independence, prioritizing geopolitical resilience over contractual obligations. It will have major repercussions for energy markets and company liabilities.
