The U.S. president confirmed discussions with the Russian leader over major economic transactions and the war in Ukraine.
By yourNEWS Media Newsroom
On the third anniversary of Russia’s full-scale invasion of Ukraine, President Donald Trump announced that he is engaged in serious discussions with Russian President Vladimir Putin regarding both a peace settlement and a U.S.–Russia economic agreement that could grant the United States access to Russia’s rare earth minerals.
“I am in serious discussions with President Vladimir Putin of Russia concerning the ending of the War, and also major Economic Development transactions which will take place between the United States and Russia. Talks are proceeding very well!” Trump wrote on Truth Social on Monday.
President Trump just announced that the United States and Russia will start doing "major" business together after the war ends.
"I am in serious discussions with President Vladimir Putin of Russia concerning the ending of the War, and also major Economic Development transactions… pic.twitter.com/Sz9a4r2RMf
— George (@BehizyTweets) February 24, 2025
Trump confirmed the discussions during a joint press conference at the White House with French President Emmanuel Macron, where they held a conference call with other G7 leaders about the war in Ukraine. While Trump has worked in recent weeks to advance Ukraine-Russia peace talks, he has also pursued stronger economic ties with Moscow as part of broader U.S. foreign policy goals.
Trump has been leading separate talks with Ukraine to secure an agreement allowing U.S. access to Ukraine’s rare earth minerals and other natural resources in return for past and future American support. Speaking to reporters at the White House, Trump said he hopes to establish a similar economic partnership with Russia.
“I emphasized the importance of the vital ‘Critical Minerals and Rare-Earths Deal’ between the United States and Ukraine, which we hope will be signed very soon!” Trump said. “This deal, which is an ‘Economic Partnership,’ will ensure the American people recoup the Tens of Billions of Dollars and Military Equipment sent to Ukraine, while also helping Ukraine’s economy grow as this Brutal and Savage War comes to an end.”
According to Ukrainian Deputy Prime Minister Olha Stefanishyna, the U.S.–Ukraine deal is in its final stages. Trump added that Ukrainian President Volodymyr Zelenskyy may visit the White House this week or next to sign the agreement.
Russia has also indicated openness to economic cooperation with the U.S., with Russian envoy Kirill Dmitriev stating: “Russia is open for U.S.–Russia economic cooperation and believes such cooperation is key for a more resilient global economy.”
However, for any economic agreements with Russia to materialize, the Biden-era sanctions imposed on Moscow would need to be lifted—an outcome that would mark a major victory for Putin. Washington has led international sanctions against Russia since the war began, restricting trade and financial transactions.
Trump also reiterated that ending the war remains his top priority, saying a settlement could be reached in a matter of weeks.
“I think we could end it within weeks, if we’re smart,” he told reporters. “If we’re not smart, it‘ll keep going, and we’ll keep losing young, beautiful people that shouldn’t be dying, and we don’t want that.”
Despite Trump’s efforts to broker peace and establish economic ties with Moscow, Washington’s European allies have struggled to adjust to the abrupt shift in U.S. policy. NATO members, who have strongly supported Ukraine throughout the war, remain uncertain about their influence in the ongoing negotiations.
During his video address to G7 leaders, Zelenskyy stated that Ukraine and the U.S. were working productively on an economic deal central to ending the war but emphasized that Europe and Ukraine must be involved in the peace process.
While Trump has not yet provided a date for an in-person meeting with Putin, he confirmed that plans are in motion for direct discussions in Russia to finalize agreements.
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