Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Headlines > Trump to speak to Russian, Ukrainian leaders on Monday after talks in Turkey
    Headlines

    Trump to speak to Russian, Ukrainian leaders on Monday after talks in Turkey

    Trump to speak to Russian, Ukrainian leaders on Monday after talks in Turkey

    Published by Global Banking and Finance Review

    Posted on May 17, 2025

    Featured image for article about Headlines

    By Tom Balmforth

    ISTANBUL (Reuters) -U.S. President Donald Trump said on Saturday he would speak to the presidents of Russia and Ukraine on Monday following talks between the two sides at which a Ukrainian official said Moscow's negotiators voiced new demands before a ceasefire could be agreed.

    In Moscow, Kremlin spokesman Dmitry Peskov told Russian news agencies preparations were underway for a conversation between Russian President Vladimir Putin and Trump.

    The talks in Turkey on Friday were the first time the sides had held face-to-face talks since March 2022, weeks after Russia's full-scale invasion of its smaller neighbour.

    A senior Ukrainian official familiar with the talks said Russian negotiators demanded Ukraine pull its troops out of all Ukrainian regions claimed by Moscow before they would agree to a ceasefire.

    Trump, writing on Truth Social, said he would speak with Putin to discuss stopping the war at 10 a.m. Eastern (1400 GMT) on Monday.

    "THE SUBJECTS OF THE CALL WILL BE, STOPPING THE 'BLOODBATH' THAT IS KILLING, ON AVERAGE, MORE THAN 5000 RUSSIAN AND UKRAINIAN SOLDIERS A WEEK, AND TRADE," he wrote.

    He said he would speak afterward with Ukrainian President Volodymyr Zelenskiy and various members of NATO.

    "Hopefully it will be a productive day, a ceasefire will take place, and this very violent war, a war that should have never happened, will end."

    Trump had offered to travel to Turkey for the talks while in the Gulf last week if Putin would also attend, but Putin sent a team of negotiators instead.

    The president has been pressuring Putin and Zelenskiy to agree to a ceasefire in the more than three-year-old war.

    The Kremlin declined to comment on the terms that Russia had put forward at Friday's meeting. The talks lasted only one hour and 40 minutes and yielded an agreement to trade 1,000 prisoners of war on each side. The two countries have not specified when that would happen.

    Zelenskiy called on Saturday for stronger sanctions on Moscow after a Russian drone killed nine bus passengers in the Sumy region of northeastern Ukraine. "This was a deliberate killing of civilians," he said.

    "Pressure must be exerted on Russia to stop the killings. Without tougher sanctions, without stronger pressure, Russia will not seek real diplomacy."

    Russia, which denies targeting civilians, said it struck a military target in Sumy. Its defence ministry said Russian troops had captured another settlement in eastern Ukraine.

    Russian Foreign Minister Sergei Lavrov spoke by telephone with U.S. Secretary of State Marco Rubio and said he welcomed the "positive role" of the United States in helping to secure a resumption of talks between Russia and Ukraine. A Russian foreign ministry statement quoted Lavrov as saying contacts would continue.

    The U.S. State Department said that during the conversation Rubio welcomed the prisoner exchange agreement and emphasised Trump's call for an immediate ceasefire.

    PRESSING FOR IMMEDIATE CEASEFIRE

    Ukraine and Western governments, including the U.S., have demanded Russia agree to an immediate, unconditional ceasefire lasting at least 30 days.

    But the Ukrainian source said Moscow's negotiators had demanded the withdrawal of Ukrainian troops from the Donetsk, Zaporizhzhia, Kherson and Luhansk regions of Ukraine, with a ceasefire to take place only after that.

    The source said that and other demands went beyond the terms of a draft peace deal that the United States proposed last month after consultations with Moscow.

    Peskov declined to comment on the Ukrainian account, saying talks should be conducted "absolutely behind closed doors".

    He said the next steps would be to carry out the prisoner exchange and conduct further work between the two sides. Peskov said it was possible that Putin could meet Zelenskiy, but only if "certain agreements" were reached, which he did not specify.

    Zelenskiy had challenged Putin earlier in the week to meet him in person, an offer the Russian leader ignored.

    Turkish President Tayyip Erdogan said his country, after hosting the talks, was resolved to continue its mediation role.

    UKRAINE RALLIES SUPPORT

    After Friday's meeting, Ukraine began rallying support from its allies to take tougher action against Moscow.

    "Once again Russia is not serious," British Foreign Secretary David Lammy told Reuters during a visit to Pakistan. "At what point do we say to Putin enough is enough?"

    French President Emmanuel Macron also said the talks in Istanbul had been fruitless.

    "Today, what do we have? Nothing. And so I tell you, faced with President Putin's cynicism, I am sure that President Trump, mindful of the credibility of the United States, will react."

    European Commission President Ursula von der Leyen said the EU was working on a new package of sanctions against Moscow, which France said this week should aim to "suffocate" the Russian economy.

    But after intensifying sanctions for more than three years already, it is unclear how much more they can achieve.

    In their efforts to forge a united front and make Putin accept a ceasefire, Ukraine and its European leaders have been repeatedly thrown off balance by interventions from Trump.

    Having told Zelenskiy to accept Russia's offer of direct talks in Turkey, Trump said on the eve of the meeting that there could be no movement on peace until he had met with Putin.

    The Kremlin says Putin is ready to meet Trump, but such a summit must be carefully prepared. It said there had been no contact between Russia and the U.S. since Friday's talks.

    (Additional reporting by Charlotte Greenfield in Islamabad, Pavel Polityuk and Christian Lowe in Kyiv, Dmitry Antonov in Moscow, Jonathan Spicer and Ezgi Erkoyun in Istanbul; Writing by Mark Trevelyan; Editing by Philippa Fletcher, Ron Popeski, Diane Craft and Daniel Wallis)

    Related Posts
    Louvre museum installs security bars on balcony used in October's heist
    Louvre museum installs security bars on balcony used in October's heist
    UK police drop probe into Bob Vylan comments about Israeli military
    UK police drop probe into Bob Vylan comments about Israeli military
    Citing better cooperation, Montenegro lifts visas for Turkish citizens
    Citing better cooperation, Montenegro lifts visas for Turkish citizens
    CSG will supply trucks to Slovak army under framework deal worth up to $1.2 billion
    CSG will supply trucks to Slovak army under framework deal worth up to $1.2 billion
    EU plans stricter controls on plastic imports to help struggling recyclers
    EU plans stricter controls on plastic imports to help struggling recyclers
    Lebanon denies any army link to Hezbollah after Israeli strike
    Lebanon denies any army link to Hezbollah after Israeli strike
    Biathlon-Norway's Botn turns to Bjoerndalen for help dealing with 'ugly' medical condition
    Biathlon-Norway's Botn turns to Bjoerndalen for help dealing with 'ugly' medical condition
    Italy removes emphatic 'Yes!' from national anthem
    Italy removes emphatic 'Yes!' from national anthem
    Two men found guilty of UK plot to kill hundreds of Jews as IS fears grow
    Two men found guilty of UK plot to kill hundreds of Jews as IS fears grow
    Factbox-Weight-loss drug developers line up to tap lucrative market as competition heats up
    Factbox-Weight-loss drug developers line up to tap lucrative market as competition heats up
    Russia's Lavrov to meet Syrian counterpart for talks in Moscow, TASS cites foreign ministry
    Russia's Lavrov to meet Syrian counterpart for talks in Moscow, TASS cites foreign ministry
    Germany deports criminal to Syria as pressure mounts on migration
    Germany deports criminal to Syria as pressure mounts on migration

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Headlines

    Explore more articles in the Headlines category

    Campari's top shareholder regains seized shares after tax deal

    Campari's top shareholder regains seized shares after tax deal

    Israeli defence minister says no plan to resettle Gaza after hinting at one

    Israeli defence minister says no plan to resettle Gaza after hinting at one

    Two CMA CGM vessels navigate the Suez Canal in sign of easing tension

    Two CMA CGM vessels navigate the Suez Canal in sign of easing tension

    Jared Kushner's withdrawal from Serbia will hurt investment, official says

    Jared Kushner's withdrawal from Serbia will hurt investment, official says

    EU broadens industry compensation for emissions regulation costs

    EU broadens industry compensation for emissions regulation costs

    Ukraine's Zelenskiy says several draft documents ready after Miami talks

    Ukraine's Zelenskiy says several draft documents ready after Miami talks

    Italy's government wins upper house confidence vote on 2026 budget

    Italy's government wins upper house confidence vote on 2026 budget

    Greta Thunberg released from custody after arrest at UK pro-Palestinian protest

    Greta Thunberg released from custody after arrest at UK pro-Palestinian protest

    UK softens stance on farm tax after months of protests

    UK softens stance on farm tax after months of protests

    WhatsApp complains about restrictions in Russia after reported slowdown

    WhatsApp complains about restrictions in Russia after reported slowdown

    Novo Nordisk's weight-loss challenge in five charts

    Novo Nordisk's weight-loss challenge in five charts

    Spain set to re-enter Germany's top 10 export markets as shipments jump

    Spain set to re-enter Germany's top 10 export markets as shipments jump

    View All Headlines Posts
    Previous Headlines PostZelenskiy will attend Pope Leo's inaugural Mass, Vatican says
    Next Headlines PostFrance's Orano explores sale of Niger uranium assets, FT reports