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    Home > Headlines > Trump-Putin summit cancelled after Moscow sent memo to Washington, FT reports
    Headlines

    Trump-Putin summit cancelled after Moscow sent memo to Washington, FT reports

    Published by Global Banking and Finance Review

    Posted on October 31, 2025

    1 min read

    Last updated: January 21, 2026

    Image illustrating the Biysk Oleum Factory's acquisition of Siemens equipment via intermediaries, highlighting the circumvention of Western sanctions. This reflects ongoing military production efforts in Russia.
    Russian bomb factory acquiring Siemens technology amid sanctions - Global Banking & Finance Review
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    Tags:Presidentfinancial crisisinternational capitaleconomic growthforeign currency

    Quick Summary

    The US canceled the Trump-Putin summit in Budapest due to Russia's firm demands on Ukraine, following a tense diplomatic call.

    Trump and Putin Summit in Budapest Canceled Over Russia's Demands

    (Reuters) -The United States has cancelled a planned Budapest summit between President Donald Trump and Russian President Vladimir Putin following Russia's firm stance on hardline demands regarding Ukraine, the Financial Times reported on Friday.

    The decision came after a tense call between the two countries' top diplomats, the Financial Times said.

    Reuters could not immediately verify the FT report.

    (Reporting by Rishabh Jaiswal in Bengaluru; Editing by Jacqueline Wong)

    Key Takeaways

    • •The US canceled the Trump-Putin summit in Budapest.
    • •Russia's demands regarding Ukraine led to the cancellation.
    • •The decision followed a tense diplomatic call.
    • •Financial Times reported the news, Reuters could not verify.
    • •The summit was planned between Trump and Putin.

    Frequently Asked Questions about Trump-Putin summit cancelled after Moscow sent memo to Washington, FT reports

    1What is a financial crisis?

    A financial crisis is a situation where the value of financial institutions or assets drops significantly, leading to a loss of confidence and potential economic downturn.

    2What is foreign currency?

    Foreign currency refers to the money that is used in other countries, which can be exchanged for the local currency. It plays a crucial role in international trade and finance.

    3What is economic growth?

    Economic growth is the increase in the production of goods and services in an economy over a period of time, typically measured by the rise in GDP.

    4What is the role of a president in financial matters?

    The president often influences economic policy and financial regulations, impacting national and international financial stability and growth through legislative and executive actions.

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