US President Donald Trump announced he's canceling his planned summit with Russian President Vladimir Putin, saying it didn't feel right. 🤔🚫👥
After a call last week where they discussed ending the Russia-Ukraine conflict, Trump decided against a 'wasted meeting' but hinted at a future sit-down.
At the same time, the US Treasury slapped sanctions on Rosneft and Lukoil—Russia's top two oil producers. In simple terms, sanctions are like economic handcuffs: they freeze assets and block trade to pressure change. 💥🛢️
These companies export around 2.2 million barrels of oil a day, so this move could send ripples through global fuel prices. If you've felt petrol prices surge in Mumbai or Jakarta after global events, you know the drill. 📈
Kremlin spokesman Dmitry Peskov says serious prep is needed before any summit can happen. For now, diplomacy hits pause while the world watches. 👀
With the Russia-Ukraine standoff in its second year, both sides are playing hardball. Will this shake-up spark a breakthrough or lead to more gridlock? Stay tuned! 😉
Reference(s):
cgtn.com
