Trump's Russia-Ukraine Energy Ceasefire May Only Cover Oil Refineries
- President Trump announced an immediate ENERGY CEASEFIRE between Russia and Ukraine on Sunday, though a White House official later clarified the proposal covers only oil refineries and lacks confirmation from Moscow.
- The White House defined the proposal as 'refinery for refinery,' meaning both sides would stop attacking oil refineries rather than broader energy infrastructure. This distinction matters significantly given Ukraine operates one refinery while Russia maintains an extensive network.
- Zelensky noted he was unaware of the agreement but expressed openness to a reciprocal energy ceasefire. Meanwhile, Russian attacks on a heat and power plant in Kharkiv continued after Trump's announcement, contradicting the claimed immediate effect.
- Contradicting Trump's social media claim that both sides agreed, officials indicated Russia is still considering the proposal. Moscow has yet to comment on the deal, leaving its status uncertain.
- Earlier diesel supply agreements between Russia and Ukraine, followed by the Treasury easing transaction restrictions on Russian diesel, have drawn criticism. The pattern raises questions about the administration's approach to energy negotiations with Moscow.
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Read the latest news about the war in Ukraine below.
Oil prices fell by more than $1 a barrel today, as markets await the repercussions of the announcement by United States President Donald Trump to reach an agreement to halt attacks on energy installations between Russia and Ukraine, at a time when tensions in the Middle East region and concerns about global raw supplies persist.
In the note, Andy Burnham adds that this is the best way to restore the supply of world energy and fuel markets.
— Energy Truce. Based on public statements from Zelensky and Russian officials, it seems neither Russia and Ukraine were aware of Trump's "Energy Truce" Axios Trump wants a immediate stop of attacks on Refineries, while a w..
— Energy TruceBased on public statements from Zelensky and Russian officials, it seems neither Russia and Ukraine were aware of Trump's "Energy Truce"AxiosTrump wants a immediate stop of attacks on Refineries, while a wider energy truce can be...
Trump's Russia-Ukraine Energy Ceasefire May Only Cover Oil Refineries
President Trump's announcement of an energy ceasefire between Russia and Ukraine appears to be considerably narrower than initially suggested, with a White House official telling Axios that the proposal only covers attacks on oil refineries and with no official confirmation from Moscow as of yet. Trump announced the apparent breakthrough on social media on Sunday, describing it broadly as an energy ceasefire and claiming the agreement was to go …
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