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    Home > Headlines > Kremlin: Wrong to talk about cancellation of Putin-Trump summit, agencies report
    Headlines

    Kremlin: Wrong to talk about cancellation of Putin-Trump summit, agencies report

    Published by Global Banking & Finance Review®

    Posted on October 26, 2025

    2 min read

    Last updated: January 21, 2026

    Kremlin: Wrong to talk about cancellation of Putin-Trump summit, agencies report - Headlines news and analysis from Global Banking & Finance Review
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    Tags:Presidentfinancial communityinternational financial institutionforeign currencyinvestment portfolios

    Quick Summary

    The Kremlin considers it premature to cancel the Putin-Trump summit, emphasizing the need for preparation despite US sanctions on Russian oil companies.

    Table of Contents

    • Kremlin's Stance on Summit and Sanctions
    • Importance of Presidential Meetings
    • Response to U.S. Sanctions
    • Future of Russian Relations

    Kremlin Calls Cancellation of Putin-Trump Summit Discussions Premature

    Kremlin's Stance on Summit and Sanctions

    MOSCOW (Reuters) -The Kremlin said on Sunday it was wrong to talk about cancellation of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump, but added that preparation for it was needed, state television Vesti reported on its Telegram channel.

    Importance of Presidential Meetings

    "Presidents cannot meet for the sake of meeting, they cannot just waste their time, and they are open about that. That's why they instructed (Russian Foreign Minister Sergei) Lavrov and (U.S. Secretary of State Marco) Rubio to prepare this process. The process is complicated," Kremlin spokesman Dmitry Peskov told state TV Kremlin correspondent Pavel Zarubin.

    Response to U.S. Sanctions

    Peskov also commented on sanctions imposed by the U.S. on Russian oil giants Lukoil and Rosneft, calling them "an unfriendly step", but said that Russia seeks to build friendly relations with all countries, including the U.S.

    Future of Russian Relations

    "Despite the various nuances voiced by the president of the United States, we must still be oriented towards our interests. Our interests are to build good relations with all countries, including the United States," Peskov told Zarubin.

    "Of course, the actions that were taken this week were an unfriendly step. They have indeed damaged the prospects for resuscitating our relations. But that does not mean that we should abandon these aspirations. We should do what is favourable to us," Peskov said.

    He also said Russia would prosecute anyone found to be involved in the possible confiscation of frozen Russian assets.

    (Reporting by Reuters; editing by Guy Faulconbridge and Mark Heinrich)

    Key Takeaways

    • •Kremlin says it's premature to cancel the Putin-Trump summit.
    • •Preparation is needed for the meeting, according to Kremlin.
    • •US sanctions on Russian oil firms called 'unfriendly'.
    • •Russia aims to maintain good relations with the US.
    • •Kremlin to prosecute those involved in asset confiscation.

    Frequently Asked Questions about Kremlin: Wrong to talk about cancellation of Putin-Trump summit, agencies report

    1What is foreign currency?

    Foreign currency refers to the money used in other countries, which can be exchanged for the domestic currency in international trade and finance.

    2What is international relations?

    International relations is the study of how countries interact with each other, including diplomacy, conflict, trade, and international organizations.

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