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Putin more keen to settle Ukraine war as oil price falls: Trump
The Straits Times
|May 07, 2025
US President Donald Trump said Moscow and Kyiv want to settle the war in Ukraine, and that Russian President Vladimir Putin was more inclined towards peace after the recent fall in the price of oil.
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MOSCOW -
"I think Russia, with the price of oil right now, oil has gone down, we are in a good position to settle, they want to settle. Ukraine wants to settle," Mr. Trump told reporters in the Oval Office on May 5.
The price of oil, which drives the Russian economy, has fallen by around US$15 (S$19.40) a barrel since the start of the year.
OPEC+ will accelerate oil output hikes, sources told Reuters.
"We've come a long way, and it could be something will happen...hopefully it will," Mr. Trump said.
Mr. Putin ordered thousands of Russian troops into Ukraine in February 2022, triggering Europe's biggest ground conflict since World War II and the largest confrontation between Moscow and the West since the depths of the Cold War.
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