US and Russia take first steps toward a broader peace deal, but Ukraine remains skeptical of Putin's intent
US President Donald Trump and Russian President Vladimir Putin agreed on steps toward a peace deal to end the war in Ukraine, implementing a ceasefire on energy and infrastructure immediately, according to CNBC.
The agreement, reached during a 90-minute call on Tuesday, signals possible geopolitical shifts that could impact global markets, particularly energy and defence sectors.
Trump announced on Truth Social that they agreed to an “immediate ceasefire on all energy and infrastructure,” adding that both sides will work toward a “complete ceasefire and, ultimately, an END to this very horrible War between Russia and Ukraine.”
The Kremlin confirmed that Putin has ordered a 30-day halt to attacks on energy infrastructure.
The White House acknowledged the agreement and said technical negotiations will begin immediately in the Middle East to discuss a maritime ceasefire in the Black Sea and the framework for a full ceasefire and permanent peace.
The potential stabilization of the conflict could have significant implications for global energy prices, supply chains, and investment risk assessments.
Market analysts will be watching how this agreement unfolds, particularly given the backdrop of ongoing military support for Ukraine.
The Biden administration recently resumed military aid and intelligence sharing with Kyiv following internal White House discussions between Trump, US Vice President JD Vance, and Ukrainian President Volodymyr Zelenskyy.
The Kremlin’s stance remains cautious, with Putin calling for long-term security guarantees.
Russian Deputy Foreign Minister Alexander Grushko reiterated that any deal must ensure Ukraine’s neutrality and prevent NATO expansion, a key issue for Moscow.
He stated that only “ironclad security guarantees” would provide lasting peace.
Ahead of the call, Bloomberg reported that Russia was expected to demand a halt to weapons shipments to Ukraine as part of any broader peace agreement.
Trump has signaled a willingness to negotiate, telling reporters that discussions would include “land” and “power plants,” suggesting potential economic and infrastructure-related concessions.
Despite these talks, skepticism remains high.
Zelenskyy has expressed doubts over Russia’s commitment, calling Putin’s response “manipulative” and warning that Russia could use the ceasefire to regroup.
Financial markets may respond cautiously as past ceasefire attempts have often collapsed due to accusations of violations on both sides.
