- Budapest was proposed by the US.
- Summit needs to be prepared.
- Wants to continue dialogue with the US.
- Most likely Trump meant that summit is postponed.
- Dialogue is always better than war.
- New sanctions won’t affect Russian economy.
- New US sanctions is an attempt to put pressure on Russia. No self-respecting country ever does anything under pressure.
- Sanctions are an unfriendly act that does not strengthen Russian – American relations.
- Russia and Saudi Arabia sell more oil than they consume, unlike the US.
- Russia’s contribution to the global energy bounce is very significant.
- Replacing Russian oil on the global market will take time.
- A sharp decline in the amount of Russian oil on the market will lead to price increases.
- He discussed with Trump the impact of situation with Russian oil supplies on global prices, including US.
- Russian and US have many areas for cooperation.
- Strikes deep into Russia will be escalation.
- Russia’s reply will be serious
- Russia feels confident and stable.
- Energy sector feels confident, although certain losses are expected.
Recall that US purchased oil for the strategic petroleum reserve on Tuesday and confirmed yesterday. The US energy secretary Wright commented that it was a “great time to buy” oil. Later yesterday, the US announced he sanctions on Russian oil subsidiaries, leading to a move higher in the price of oil. Crude oil is trading up $3.45 or 5.8% at $61.95
Back on August 22, Trump dangled an invitation to the World Cup in 2026 to Putin as incentive to end the war. I guess that tact is not working. Relations are now strained and the end of the war seems to not be close.
This article was written by Greg Michalowski at investinglive.com.
