StockDuty ← Dashboard Oct 12, 2026 09:01 AM ET
CatalystEU/UK

Trump turns the screws on Kyiv as EU budget talks hit a wall

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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.
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