Russia's Kremlin says US envoy Witkoff briefed Russian President Putin on his talks is Oslo and new approaches, but nothing of real use in context of a peace settlement
Newsquawk Staff ·
- Putin is ready in principle to resume trilateral peace talks in mid-November, with discussions also covering security guarantees for Russia and Ukraine after the conflict.
- Witkoff indicated Trump would be very satisfied with a decision discussed during the talks.
- Implementation of the Russia-US diesel deal was an important part of talks.
- Russia and the US discussed major joint economic projects, with some nearing realisation.
What it means
Kremlin readouts of this kind follow a familiar pattern: Moscow frames US shuttle diplomacy as substantive on the bilateral track while dismissing progress on the settlement itself, which preserves the appearance of engagement without conceding anything. The structure of this one is telling, in that the concrete items are commercial rather than territorial: a diesel deal, joint economic projects, and security guarantees as agenda items rather than outcomes. In past episodes of this kind, packaging economic incentives alongside a peace track has functioned as leverage, with the energy and sanctions-sensitive complex trading on headline flow rather than on any verified movement toward a ceasefire. The distinction worth drawing is between headline-driven squalls in crude, European gas and gold, which have tended to fade absent a signed framework, and durable repricing, which has historically required sanction-relief mechanics or supply-flow changes rather than expressions of readiness in principle. The mid-November trilateral resumption, if confirmed by all sides, is the next checkpoint; the tells are whether Ukraine and Washington echo the Kremlin's account, and whether any of the joint projects or the diesel arrangement translate into sanctioned counterparties, cargoes or licensing decisions rather than communiqué language. Until then the flow is two-way headline risk, with the crude and gas curves the primary transmission channel.
- Canadian PM Carney is expected to announce tariff support measures for the steel and automotive sectors
- Russia's Envoy Dmitriev says Russian President Putin's call with US Special Envoy Witkoff was productive, TASS reports
- Russia's Kremlin says they will look at the US' proposal, but it is largely dependent on Ukraine. Adds, conversation between Russian President Putin and US President Trump will be both long and serious
- Russian President Putin has invited US Envoy Witkoff for discussions on the prospect of a meeting between Putin and US President Trump in China, Ifx
- [MARKET ANALYSIS] Crude benchmarks edge higher amidst the uncertain geopolitical environment; spot gold is flat
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