President Putin has agreed to a 30-day suspension of attacks on Ukrainian energy infrastructure, conditioned upon a similar halt from Ukraine. This decision emerged from a discussion with President Trump, marking a step towards negotiations for a ceasefire. Following this news, crude oil prices declined due to the potential easing of U.S. sanctions on Russian energy.
Russian President Vladimir Putin has officially agreed to a 30-day suspension of attacks on Ukrainian energy infrastructure. This agreement necessitates a reciprocal halt of attacks by Ukraine on Russian infrastructure. The commitment originated from a two-and-a-half-hour telephone conversation between President Putin and President Trump, during which they addressed the conflict in Ukraine. However, Russia did not accept a complete 30-day ceasefire, viewing it as a strategy to allow Ukrainian forces to regroup.
The recent agreement between the U.S. and Russia represents a notable step toward reducing hostilities in the ongoing conflict. The suspension of attacks on energy infrastructure aims to minimize disruptions in oil supply, which could subsequently stabilize crude oil prices. The upcoming talks in Saudi Arabia will be pivotal in determining the specifics of the ceasefire and the pursuit of a lasting peace accord.
Original Source: oilprice.com
