A week ago, Trump said he had set in motion arrangements for direct peace talks between Russian President Vladimir Putin and Zelensky. But Russian officials have signaled that such a summit won't happen any time soon.

Trump expresses confidence in ending Ukraine war after meeting Putin in Alaska, as US and allies push diplomatic efforts.

It’s been able to do so in part thanks to record oil and gas revenues, as it has filled a supply gap during the energy crisis triggered by Russia’s 2022 invasion of Ukraine. In 2022 alone, hydrocarbon sales generated roughly $150 billion for its national coffers,