Published by Global Banking & Finance Review®
Posted on February 18, 2025
5 min readLast updated: January 26, 2026
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US and Russia hold peace talks on Ukraine conflict, excluding Kyiv, raising concerns among European leaders.
By Humeyra Pamuk and Pesha Magid
RIYADH (Reuters) - U.S. President Donald Trump's administration said on Tuesday it agreed to hold more talks with Russia on ending the war in Ukraine after an initial meeting that excluded Kyiv, a departure from Washington's previous approach that rallied U.S. allies to isolate Russian President Vladimir Putin.
As the 4-1/2-hour meeting in the Saudi capital was underway, Russia hardened its demands, notably insisting it would not tolerate the NATO alliance granting membership to Kyiv.
Later on Tuesday, Trump said he was more confident after the talks and he would probably meet with Putin before the end of the month.
"Russia wants to do something," Trump told reporters in Palm Beach, Florida. He brushed aside Ukraine's concern about being left out of the meeting and said Kyiv should have entered talks much earlier.
"I think I have the power to end this war," said Trump.
The talks in Riyadh were the first time U.S. and Russian officials met to discuss ways to halt the deadliest conflict in Europe since World War Two. Ukraine has said it will not accept any deal imposed without its consent, and German Chancellor Olaf Scholz reiterated "there must be no decision over the heads of Ukraine."
Even before the talks took place, some European politicians accused Trump's administration of handing free concessions to Moscow last week by ruling out NATO membership for Ukraine and saying it was an illusion for Kyiv to believe it could win back the 20% of its territory now under Russian control.
U.S. National Security Adviser Mike Waltz told reporters in Riyadh that the war must come to a permanent end, and this would involve negotiations over territory.
"Just a practical reality is that there is going to be some discussion of territory and there's going to be discussion of security guarantees," he said.
High-level teams would begin talks on ending the conflict and would separately work to restore the countries' respective diplomatic missions in Washington and Moscow to ease the talks going forward, U.S. Secretary of State Marco Rubio said.
Rubio said he came away from the initial talks convinced that Russia was "willing to begin to engage in a serious process" but that reaching peace would involve concessions from all sides.
RUSSIA OFFERS NO CONCESSIONS
Russian officials did not mention offering any concessions and U.S. officials did not claim to have scored any in Tuesday's meeting, leading observers to doubt whether the talks would turn into serious peace negotiations.
Addressing Ukrainian and European concerns, Rubio said no one was being sidelined and any solution must be acceptable to all parties.
Rubio later spoke to the top diplomats of France, Germany, Italy, Britain and the EU to brief them on the talks, State Department spokesperson Tammy Bruce said.
Both sides said no date had been set for a meeting between Trump and Russian President Vladimir Putin, which both men say they want.
Ukrainian President Volodymyr Zelenskiy said he had postponed a visit to Saudi Arabia planned for Wednesday until next month. Sources familiar with the matter said the decision was made to avoid giving "legitimacy" to the U.S.-Russia talks.
Kyiv says talks on how to end the war should not be held behind Ukraine's back.
As European countries discuss the possibility of contributing peacekeepers to back any Ukraine peace deal, Russian Foreign Minister Sergei Lavrov said in Riyadh that Moscow would not accept deployment of NATO troops there, whatever flag they were operating under.
"Of course, this is unacceptable to us," he said.
The comments by Lavrov signalled that Russia will keep pressing for further concessions in the negotiations. The opening encounter on Tuesday saw Lavrov and Kremlin foreign policy aide Yuri Ushakov - two veterans who have spent a combined 34 years in their current roles - negotiate with three Trump administration officials in their first month on the job.
"So far I have seen zero evidence that Putin is willing to give one inch in order to negotiate a peace deal," Michael McFaul, who served as U.S. ambassador to Russia under former President Barack Obama, wrote on X. "All I see instead are ideas floated by the U.S. of concessions that Ukraine, NATO, and U.S. are supposed to make."
POTENTIAL 'ECONOMIC PARTNERSHIPS'
Lavrov said there was "high interest" in lifting economic barriers between the two countries. After the invasion, the U.S. and other Western countries imposed waves of sanctions on Moscow.
Rubio said European countries have also imposed sanctions, so they would have to be involved in talks on lifting the measures. If the conflict ultimately ended, he added, it would "unlock" opportunities for U.S.-Russian cooperation, including "some pretty unique, potentially historic economic partnerships."
The fast-moving diplomacy, beginning with a Putin-Trump phone call only six days ago, has triggered alarm in Ukraine and European capitals that the two leaders could cut a quick deal that ignores their security interests, rewards Moscow for its invasion and leaves Putin free to threaten Ukraine or other countries in the future.
Tuesday's talks also sparked concern in Washington, which has backed Ukraine's defense with billions of dollars of military aid approved by the U.S. Congress on a bipartisan basis.
"Russia has won Round One," U.S. Representative Jake Auchincloss, a Massachusetts Democrat who is a co-chair of the bipartisan House Ukraine caucus, told Reuters. "The Kremlin has been normalized in bilateral diplomacy that excludes Ukraine and NATO, and they gave up nothing to get that."
(Reporting by Humeyra Pamuk in Riyadh and Dmitry Antonov in Moscow; additional reporting by Max Hunder in Kyiv, Patricia Zengerle, Rachel More, Sabine Siebold, Andrea Shalal and Steve Holland; Writing by Mark Trevelyan, Simon Lewis and Idrees Ali; Editing by Kevin Liffey, Frances Kerry, David Gregorio and Deepa Babington)
The talks focused on negotiating an end to the war in Ukraine, with both sides agreeing to further discussions despite Ukraine being excluded from the initial meeting.
Trump expressed confidence after the talks, suggesting he had the power to end the war and indicated a possible meeting with Putin in the near future.
Ukraine stated that any discussions on ending the war should not occur behind its back, emphasizing the need for its involvement in the peace process.
Lavrov insisted that Russia would not accept NATO's expansion to include Ukraine, highlighting a key demand in the negotiations.
Lavrov mentioned a 'high interest' in lifting economic barriers, suggesting that if the conflict ends, it could unlock new economic partnerships between the two countries.
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