Investing.com — U.S. President Donald Trump has stated that both Russia and Ukraine are interested in resolving their ongoing conflict. He suggested that the recent decline in oil prices has made Russian President Vladimir Putin more open to peace. Trump made these remarks during a meeting in the Oval Office on Monday.
Oil, a significant driver of the Russian economy, has seen a decrease of approximately $15 per barrel since the start of the year. In response to this drop, OPEC+ plans to speed up increases in oil production, according to sources.
Trump indicated optimism about the situation, stating that progress has been made and expressing hope for a positive outcome. The U.S. President has been vocal about his desire to end the conflict, which he refers to as a “bloodbath” and perceives as a proxy war between the U.S. and Russia.
The conflict in Ukraine began in February 2022 when Putin sent thousands of Russian troops into the country. This move sparked the largest ground conflict in Europe since World War Two and the most significant confrontation between Russia and the West since the height of the Cold War. The war has resulted in hundreds of thousands of soldiers being killed or injured.
In a recent development, Putin proposed a three-day ceasefire in honor of the 80th anniversary of the victory of the Soviet Union and its allies over Nazi Germany in World War Two.
Trump acknowledged this proposal, stating, “As you know, President Putin just announced a three-day ceasefire – which doesn’t sound like much but its a lot if you knew where we started from.” He added, “This is a war that should never have happened.”
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