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Context
What happened: Trump announced a Russia-Ukraine immediate ceasefire on energy infrastructure attacks, which Zelenskyy said Ukraine was unaware of. Trump also announced a deal with Putin to ease sanctions on Russian diesel exports.
Key numbers: US Treasury sanctions waiver set to last until April 2027. G7 price cap of $100 per barrel.
Why it matters: EU leaders are rallying behind Zelenskyy and foreign ministers are pushing back against Trump's Russian-friendly diplomacy. Ireland's EU budget compromise was rejected by Germany, the Netherlands and Sweden, making a deal by year end look remote.