Published by Global Banking & Finance Review®
Posted on October 17, 2025
2 min readLast updated: January 21, 2026
The Kremlin suggests a Putin-Trump summit may happen soon, focusing on Ukraine peace talks, with Budapest as a potential location.
MOSCOW (Reuters) -The Kremlin said on Friday that a summit between presidents Vladimir Putin and Donald Trump could take place within two weeks, or a little later, but that there was a great deal to be worked out before a date could be set.
Trump and Putin agreed on Thursday to a hold a second summit on the war in Ukraine, provisionally in Budapest, following an August 15 meeting in Alaska that failed to produce a breakthrough.
The surprise announcement came on the eve of a meeting between Trump and Ukrainian President Volodymyr Zelenskiy, and as Washington is considering supplying Kyiv with Tomahawk cruise missiles.
Kremlin spokesman Dmitry Peskov told reporters that Russian Foreign Minister Sergei Lavrov and U.S. Secretary of State Marco Rubio would need to call each other and set up a meeting to sort out many pre-summit issues.
"There are many questions, negotiating teams need to be determined, and so on and so forth. Therefore, everything will be done in stages, but, of course, the presidents' will is there," Peskov said.
"It (the summit) could indeed take place within two weeks or a little later. There's a general understanding that nothing should be put off."
Peskov said Russia remained open to a settlement to end the war in Ukraine peacefully.
Russia blames Kyiv and its European allies for the impasse in peace talks. They in turn accuse it of posing unacceptable demands and have said they do not believe that Putin is serious about seeking peace.
The Kremlin said separately that Putin and Hungarian Prime Minister Viktor Orban had spoken by phone on Friday to discuss the upcoming summit and that Orban had said Hungary was ready to host the event.
(Reporting by Reuters reporters and Gleb StolyarovWriting by Maxim Rodionov and Mark TrevelyanEditing by Andrew Osborn)
Foreign currency refers to the money that is used in a country other than one's own, often used in international trade and finance.
A negotiating team is a group of individuals designated to represent an organization or country in discussions aimed at reaching an agreement.
An international financial institution is an organization that provides financial and technical assistance to countries for development projects and economic stability.
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