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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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PoliticsElon Musk

Elon Musk denies report he spoke with Vladimir Putin before tweeting about ‘peace’ between Russia and Ukraine

By
Devon Pendleton
Devon Pendleton
and
Bloomberg
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By
Devon Pendleton
Devon Pendleton
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October 11, 2022, 6:09 PM ET
Elon Musk
Tesla CEO Elon Musk looks up as he addresses guests at the Offshore Northern Seas 2022 (ONS) meeting in Stavanger, Norway on August 29, 2022. Carina Johansen—NTB/AFP/Getty Images

Elon Musk denied a report that said he spoke directly with Vladimir Putin about Ukraine.

Ian Bremmer, head of political-risk consultancy Eurasia Group, wrote in a note to clients on Monday that Musk told him about recently speaking with the Russian president. Bremmer said that conversation came before a series of Musk tweets urging Ukraine to seek a negotiated solution to the invasion by Russia and to cede Crimea for good.

No, it is not. I have spoken to Putin only once and that was about 18 months ago. The subject matter was space.

— Elon Musk (@elonmusk) October 11, 2022

Musk said in a tweet on Tuesday that he didn’t speak with Putin about the war, adding that such a call would be would be “pointless, as there is currently no overlap between Russian and Ukrainian demands – it’s not even close.”

Bremmer responded on Twitter a few hours later that Musk told him he spoke with Putin.

elon musk told me he had spoken with putin and the kremlin directly about ukraine. he also told me what the kremlin’s red lines were.

— ian bremmer (@ianbremmer) October 11, 2022

“I write honestly without fear or favor and this week’s update was no different,” Bremmer said. “I’ve long admired Musk as a unique and world-changing entrepreneur, which I’ve said publicly. He’s not a geopolitics expert.”

Minutes later, Musk responded: “Nobody should trust Bremmer.”

Eurasia Group’s weekly note authored by Bremmer is distributed to thousands of individual and corporate clients, including macro hedge funds, family offices and global corporations. The firm dispenses political-risk analysis gathered by a global network of consultants.

In his most recent note, Bremmer said Musk had told him about two weeks earlier that he’d discussed with Putin the president’s minimum requirements for ending the war. Those conditions, which mirrored the proposals Musk put forward in his tweets on Oct. 3, included Ukraine ceding Crimea, accepting a formal state of neutrality and recognizing Russia’s annexation of Luhansk and Donetsk. 

The parameters are in line with what Russia has repeatedly said are some of its demands for ending the invasion, which began in February.

Musk’s Ukraine tweets are what prompted Bremmer to come forward, he said in his note.

“I wasn’t planning on writing about this,” he wrote. But “it feels important to write about what’s happening.”

Bremmer didn’t respond to a request for comment. A Eurasia Group spokesman declined to elaborate beyond the note.

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