Most stock markets rose Monday as oil prices tumbled after US President Donald Trump announced an alleged “energy ceasefire” between Russia and Ukraine, sparking astonishment from Kyiv and silence from Moscow. Trump’s Ukrainian counterpart President Volodymyr Zelensky said he was seeking further details of the announcement. Follow our liveblog for all the latest developments.
EU’s top diplomat says she will welcome a Ukraine energy truce ‘when it holds’
The European Union’s foreign policy chief Kaja Kallas welcomed US President Donald Trump’s unilateral announcement of an energy ceasefire between Russia and Ukraine, though she added she would prefer one “which includes people not being killed”.
She said it was not clear whether Russia would abide by the ceasefire, and called for the US to impose sanctions on Russia. Moscow has not confirmed that it has agreed to any ceasefire, and Trump’s declaration seemed to catch Kyiv equally off guard.
“We would call the US to get the sanctions in place so that we could actually finish the war,” Kallas said.
Australia says it backs ‘energy ceasefire’ between Ukraine and Russia
Australia said it backed an “energy ceasefire” between Ukraine and Russia, while urging Moscow to “end its unjustified and unprovoked invasion” of its neighbour.
“Australia supports an energy ceasefire which is respected by Russia and contributes towards a just and lasting peace, on Ukraine’s terms,” an Australian foreign ministry spokesperson said in a statement to AFP.
Russia strikes vessel near Ukraine’s port of Odesa
Russia’s military has struck a vessel it alleged was carrying “military cargo” to Ukraine’s port of Odesa, Russia’s defence ministry said.
Oil prices fall after Trump unilaterally announces ‘energy ceasefire’ between Kyiv and Moscow
Most stock markets rose Monday as oil prices tumbled after US President Donald Trump announced an “energy ceasefire” between Russia and Ukraine.
Both main crude contracts sank more than one percent following Trump’s declaration, even as it sparked astonishment in Kyiv, which also said Moscow had struck multiple power plants in the country.
Ukrainian President Volodymyr Zelensky said he was seeking further details of the announcement, but added that “Ukraine supports the ceasefire, and it is important that Russia support it as well”.
