The long-running Russia-Ukraine war appears to have entered a new phase after major developments over the weekend:
- U.S. President Donald Trump reportedly held separate calls with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy.
- Ukrainian drones also struck an oil terminal in St. Petersburg, while Russia launched its second large-scale attack on Kyiv in less than a week.
- The possibility of renewed diplomacy, alongside the risk of escalation, has put investors on notice.
Ukrainian President Zelenskyy stated he discussed the latest situation on the frontline and agreed with Trump to continue talks at the NATO summit.
The Kremlin reported that Trump spoke with Putin for 90 minutes, during which the U.S. president offered to help find a solution to the war.
Ukrainian armed forces have stepped up attacks on Russian oil facilities and military assets in recent weeks.
