Putin Proposes Summit with Trump and Xi
Russian President Vladimir Putin has suggested a summit with U.S. President Donald Trump and Chinese President Xi Jinping. The goal is to discuss a possible resolution to the ongoing conflict in Ukraine. The Wall Street Journal reported that the meeting is tentatively set for next month. It may take place during the Asia-Pacific Economic Cooperation summit in Shenzhen, China, on November 18 and 19.
Putin's proposal seeks terms that would benefit Moscow, as the conflict has now lasted four years. This idea follows a phone call on October 9 between Putin and Trump. During that call, they talked about a possible three-way dialogue. Kremlin spokesman Dmitry Peskov confirmed that talks are in progress. He noted, "There is no clear understanding yet regarding the meeting itself or its potential agenda."
A senior U.S. official said that Trump has not yet agreed to attend the summit but might consider it. The official highlighted Trump's long-standing commitment to ending the war. Trump has claimed he could resolve it on the first day of his new term. However, he has been in office for nearly two years without a resolution.
The proposal has raised concerns among Ukraine and its allies in Washington and Europe. It is particularly troubling because it does not include Ukrainian President Volodymyr Zelensky. Analysts believe the summit could boost China's role as a diplomatic power broker in the region. This move aligns with Xi's broader ambitions.
Related coverage: Zelenskyy Warns Trump’s Sanction Rollback Will Escalate War.
The proposed summit could affect geopolitical stability in Eastern Europe. This may influence investor sentiment in related markets. Any perceived easing of tensions could impact energy prices and defense sector stocks. Investors might reassess risks tied to the ongoing conflict.
Watch for updates on the summit agenda and any responses from Ukrainian officials as the APEC meeting approaches.
Based on reporting by: moneycontrol.com