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 > Peace breakthrough unlikely as Putin declines to meet Zelenskiy in Turkey
    Headlines

    Peace breakthrough unlikely as Putin declines to meet Zelenskiy in Turkey

    Peace breakthrough unlikely as Putin declines to meet Zelenskiy in Turkey

    Published by Global Banking and Finance Review

    Posted on May 14, 2025

    Featured image for article about Headlines

    By Tom Balmforth and Vladimir Soldatkin

    ISTANBUL (Reuters) -Russia's Vladimir Putin spurned a challenge to meet face-to-face with Ukrainian President Volodymyr Zelenskiy in Turkey on Thursday, dealing a blow to prospects for a peace breakthrough.

    The Russian president dispatched a second-tier team of aides and deputy ministers to take part in talks in Istanbul, while U.S. President Donald Trump, on a tour of the Gulf, undercut the chances of major progress when he said there would be no movement in the absence of a meeting between himself and Putin.

    Zelenskiy said Putin's decision not to attend but to send what he called a "decorative" line-up showed the Russian leader was not serious about ending the war.

    He said he himself would not go to Istanbul, but would send a team, headed by his defence minister, with a mandate to discuss a ceasefire. It was not clear when the talks would actually begin.

    "We can't be running around the world looking for Putin," Zelenskiy said after meeting Turkish President Tayyip Erdogan in Ankara.

    "I feel disrespect from Russia. No meeting time, no agenda, no high-level delegation - this is personal disrespect. To Erdogan, to Trump," Zelenskiy told reporters.

    Zelenskiy backs an immediate, unconditional 30-day ceasefire but Putin has said he first wants to start talks at which the details of such a truce could be discussed. More than three years after its full-scale invasion, Russia has the advantage on the battlefield and says Ukraine could use a pause in the war to call up extra troops and acquire more Western weapons.

    Both Trump and Putin have said for months they are keen to meet each other, but no date has been set. Trump, after piling heavy pressure on Ukraine and clashing with Zelenskiy in the Oval Office in February, has lately expressed growing impatience that Putin may be "tapping me along".

    "Nothing's going to happen until Putin and I get together," Trump told reporters aboard Air Force One.

    DIPLOMATIC CONFUSION

    The diplomatic disarray was symptomatic of the deep hostility between the warring sides and the unpredictability injected by Trump, whose interventions since returning to the White House in January have often provoked dismay from Ukraine and its European allies.

    While Zelenskiy waited in vain for Putin in Ankara, the Russian negotiating team sat in Istanbul with no one to talk to on the Ukrainian side. Some 200 reporters milled around near the Dolmabahce Palace on the Bosphorus that the Russians had specified as the talks venue.

    The enemies have been wrestling for months over the logistics of ceasefires and peace talks while trying to show Trump they are serious about trying to end what he calls "this stupid war".

    Hundreds of thousands have been killed and wounded on both sides in the deadliest conflict in Europe since World War Two. Washington has threatened repeatedly to abandon its mediation efforts unless there is clear progress.

    Trump said on Thursday he would go to the talks in Turkey on Friday if it was "appropriate".

    "I just hope Russia and Ukraine are able to do something. It has to stop," he said.

    Russia accused Ukraine of "trying to put on a show" around the talks. Its lead negotiator said the Russians were ready to get down to work and discuss possible compromises.

    Asked if Putin would join talks at some future point, Kremlin spokesman Dmitry Peskov said: "What kind of participation will be required further, at what level, it is too early to say now."

    Russia said on Thursday its forces had captured two more settlements in Ukraine's Donetsk region. A spokeswoman for Russian Foreign Minister Sergei Lavrov pointedly reminded reporters of his comment last year that Ukraine was "getting smaller" in the absence of an agreement to stop fighting.

    FIRST TALKS FOR THREE YEARS

    Once they start, the talks will have to address a chasm between the two sides over a host of issues.

    The Russian delegation is headed by presidential adviser Vladimir Medinsky, a former culture minister who has overseen the rewriting of history textbooks to reflect Moscow's narrative on the war. It includes a deputy defence minister, a deputy foreign minister and the head of military intelligence.

    Key members of the team, including Medinsky, were also involved in the last direct peace talks in Istanbul in March 2022 - a signal that Moscow wants to pick up where those left off.

    But the terms under discussion then, while Ukraine was still reeling from Russia's initial invasion, would be deeply disadvantageous to Kyiv. They included a demand by Moscow for deep cuts to the size of Ukraine's military.

    With Russian forces now in control of close to a fifth of Ukraine, Putin has held fast to his longstanding demands for Kyiv to cede territory, abandon its NATO membership ambitions and become a neutral country.

    Ukraine rejects these terms as tantamount to capitulation, and is seeking guarantees of its future security from world powers, especially the United States.

    French Foreign Minister Jean-Noel Barrot said Zelenskiy had shown his good faith by coming to Turkey but there was an "empty chair" where Putin should be sitting.

    "Putin is stalling and clearly has no desire to enter these peace negotiations, even when President Trump expressed his availability and his desire to facilitate these negotiations," he said.

    Highlighting the level of tension between Russia and the U.S.-led alliance, Estonia said Moscow had briefly sent a military jet into NATO airspace over the Baltic Sea during an attempt by the Estonian navy to stop a Russian-bound oil tanker thought to be part of a "shadow fleet" defying Western sanctions on Moscow.

    (Additional reporting by Can Sezer in Istanbul; Humeyra Pamuk, Tuvan Gumrukcu and John Irish in Antalya, Turkey; Huseyin Hayatsever in Ankara; Christian Lowe, Olena Harmash and Yuliia Dysa in Kyiv; Dmitry Antonov in Moscow; Andrius Sytas in Tallinn; Nandita Bose, Doina Chiacu and Susan Heavey in Washington; Lidia Kelly in Melbourne; Writing by Mark Trevelyan; Editing by Ros Russell)

    Related Posts
    Serbia's students protest against university pressure after railway station tragedy
    Serbia's students protest against university pressure after railway station tragedy
    US pursuing third oil tanker near Venezuela, officials say
    US pursuing third oil tanker near Venezuela, officials say
    France to build new aircraft carrier, Macron tells troops based in Gulf
    France to build new aircraft carrier, Macron tells troops based in Gulf
    Cricket-Ashes defeat heralds end of England's Bazball era
    Cricket-Ashes defeat heralds end of England's Bazball era
    Swiss interior minister open to social media ban for children
    Swiss interior minister open to social media ban for children
    Trump set to expand immigration crackdown in 2026 despite brewing backlash
    Trump set to expand immigration crackdown in 2026 despite brewing backlash
    Swedish customs says it has boarded Russian ship in Swedish waters to conduct inspection
    Swedish customs says it has boarded Russian ship in Swedish waters to conduct inspection
    Kremlin says peace prospects not improved by Europe, Ukraine changes to US proposals
    Kremlin says peace prospects not improved by Europe, Ukraine changes to US proposals
    Roche CEO points to higher future drug prices in Switzerland after US deal
    Roche CEO points to higher future drug prices in Switzerland after US deal
    Zelenskiy favours US proposal of three-way talks if it produces results
    Zelenskiy favours US proposal of three-way talks if it produces results
    UK's Prince William and son George volunteer at homelessness charity
    UK's Prince William and son George volunteer at homelessness charity
    US intercepts oil tanker off Venezuelan coast, officials say
    US intercepts oil tanker off Venezuelan coast, officials say

    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

    US offers new talks format including Russia and Ukraine, Zelenskiy says

    US offers new talks format including Russia and Ukraine, Zelenskiy says

    Escalating Russian airstrikes aim to cut Ukraine off from sea, Zelenskiy says

    Escalating Russian airstrikes aim to cut Ukraine off from sea, Zelenskiy says

    Stellantis CEO says investments at risk in Europe after EU auto package

    Stellantis CEO says investments at risk in Europe after EU auto package

    French presidential silverware keeper faces trial over suspected porcelain theft

    French presidential silverware keeper faces trial over suspected porcelain theft

    Ukraine and Portugal agree on co-production of Ukrainian sea drones

    Ukraine and Portugal agree on co-production of Ukrainian sea drones

    Italian police arrest 384, seize 1.4 tonnes of drugs in nationwide crackdown

    Italian police arrest 384, seize 1.4 tonnes of drugs in nationwide crackdown

    How Brazil's deadliest police raid turned into a bloodbath

    How Brazil's deadliest police raid turned into a bloodbath

    Bangladesh holds state funeral for slain youth leader amid tight security

    Bangladesh holds state funeral for slain youth leader amid tight security

    Ukraine says it hit Russian oil rig, patrol ship in Caspian Sea

    Ukraine says it hit Russian oil rig, patrol ship in Caspian Sea

    US, Russian officials meet in Florida for more Ukraine talks

    US, Russian officials meet in Florida for more Ukraine talks

    US hits ISIS in Syria with large retaliatory strikes, officials say

    US hits ISIS in Syria with large retaliatory strikes, officials say

    Australia PM says Jewish community 'completely unbreakable' after Bondi attack

    Australia PM says Jewish community 'completely unbreakable' after Bondi attack

    View All Headlines Posts
    Previous Headlines PostUS dollar dips as retail sales growth slows
    Next Headlines PostBritain to invest $838 million on public building energy upgrades