• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

2

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

3

Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds

1

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

2

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

3

Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
PoliticsUkraine

‘It’s time to stop this ridiculous war’—Trump and Putin come to the negotiating table over Ukraine

By
Matthew Lee
Matthew Lee
,
Eric Tucker
Eric Tucker
,
Zeke Miller
Zeke Miller
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Matthew Lee
Matthew Lee
,
Eric Tucker
Eric Tucker
,
Zeke Miller
Zeke Miller
, and
The Associated Press
The Associated Press
Down Arrow Button Icon
February 12, 2025, 4:38 PM ET
Vladimir Putin and Donald Trump shake hands
U.S. President Donald Trump meets Russian President Vladimir Putin on the first day of the G20 summit in Osaka, Japan on June 28, 2019. Kremlin Press Office—Handout/Anadolu Agency/Getty Images
Add Fortune on Google for similar content.

President Donald Trump upended three years of U.S. policy toward Ukraine on Wednesday, saying that he and Russian President Vladimir Putin had agreed to begin negotiations on ending the war following a dramatic prisoner swap.

Recommended Video

Trump said in a social media post that he and Putin held a lengthy phone call during which they committed to “work together, very closely” to bring the conflict to an end and would meet in person, including perhaps in each other’s countries.

It was unclear how closely Ukrainian President Volodymyr Zelenskyy would be involved. Trump held a phone call with him Wednesday, Ukrainian presidential adviser Dmytro Lytvyn said, characterizing it as a “good conversation.”

However, in a blow to Ukraine’s aspirations, Defense Secretary Pete Hegseth said at NATO headquarters in Brussels that NATO membership was unrealistic for Ukraine and that any security guarantees for Ukraine would have to be borne by European countries.

The Biden administration had joined other NATO members since Russia invaded Ukraine in February 2022 in vowing that membership in the alliance was “inevitable.”

White House press secretary Karoline Leavitt said during her briefing on Wednesday that Trump and Zelenskyy “spoke at great length,” adding, “It’s time to stop this ridiculous war.”

Leavitt added of the call between Trump and Putin and of Trump’s call with Zelenskyy: “They were very good calls. They were very positive.”

She was asked specifically about Ukraine’s NATO membership and the Trump administration’s views on that but said she’d not talked to Trump about it.

Leavitt said Trump views Putin and Russia as “a great competitor in the region. At times an adversary,” but added that Trump enjoys “finding common ground” while always seeking to demonstrate strength.

Vice President JD Vance, Secretary of State Marco Rubio and Trump’s special Russia-Ukraine envoy, retired Gen. Keith Kellogg, will all be in Germany later this week for the annual Munich Security Conference, which Zelenskyy will also attend. Leavitt said discussions will continue then.

In the meantime, Trump’s announcement appeared to dismantle the Biden-era mantra that Kyiv would be a full participant in any decisions made. “Nothing about Ukraine without Ukraine,” Biden and his top national security aides said repeatedly.

Wednesday’s Trump-Putin call and resulting policy sea change, followed a prisoner swap that resulted in Russia releasing American schoolteacher Marc Fogel, of Pennsylvania, after more than three years of detention in return for convicted Russian criminal Alexander Vinnik.

“We each talked about the strengths of our respective Nations, and the great benefit that we will someday have in working together,” Trump said in a social media post disclosing details about the call. “But first, as we both agreed, we want to stop the millions of deaths taking place in the War with Russia/Ukraine.

Trump said they also “agreed to have our respective teams start negotiations immediately” and would be alerting Zelenskyy to their conversation. He appointed Rubio, CIA director John Ratcliffe, national security advisor Michael Waltz, and his special Mideast envoy Steven Witkoff to lead those talks.

White House officials later declined to clarify whether Ukraine would be a party to the U.S. negotiations.

Kremlin spokesman Dmitry Peskov said the conversation between Trump and Putin covered a good deal of ground, including the Middle East and Iran in addition to Ukraine, which was the main focus.

Peskov said that Trump called for a quick cessation of hostilities and a peaceful settlement and that “President Putin, in his turn, emphasized the need to remove the root causes of the conflict and agreed with Trump that a long-term settlement could be achieved through peace talks.”

“The Russian president of supported one of the main theses of the U.S. president that the time has come for our two countries to work together,” Peskov told reporters. “The Russian president invited the U.S. president to visit Moscow and expressed readiness to host U.S. officials in Russia for issues of mutual interest, naturally including Ukraine, the Ukrainian settlement.”

Meanwhile, Zelenskyy sought to put a brave face on what many in Ukraine will see as a major disappointment. In a social media post, he said he had had “a meaningful conversation with” Trump that included discussion of “opportunities to achieve peace” and Kyiv’s “readiness to work together at the team level, and Ukraine’s technological capabilities—including drones and other advanced industries.”

“I am grateful to President Trump,” he said.

The White House described the prisoner swap as evidence of a diplomatic thaw that could advance negotiations to end the fighting in Ukraine. Leavitt didn’t comment on whether Ukraine came up on the prisoner swap.

Fogel, an American history teacher who was deemed wrongfully detained by Russia, was arrested in August 2021 for possession of marijuana and was serving a 14-year prison sentence. He had been left out of previous prisoner swaps with Russia that were negotiated by the Biden administration.

Vinnik — the other person involved, according to two U.S. officials — was arrested in 2017 in Greece at the request of the U.S. on cryptocurrency fraud charges and was later extradited to the United States, where he pleaded guilty last year to conspiracy to commit money laundering.

He is currently in custody in California awaiting transport to return to Russia, the officials said. The Kremlin confirmed that a Russian citizen was freed in the United States in exchange for Fogel but refused to identify him until he arrives in Russia.

Trump had welcomed Fogel at the White House on Tuesday evening after his return to U.S. soil on Witkoff’s personal plane. On Wednesday, Trump declined to say if he spoke with Putin about Fogel and didn’t say what the United States had provided in exchange for Fogel’s release.

Speaking to reporters at the White House on Tuesday, Trump suggested that Fogel’s release could help anchor a peace deal on Ukraine, saying: “We were treated very nicely by Russia, actually. I hope that’s the beginning of a relationship where we can end that war.”

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Matthew Lee
See full bioRight Arrow Button Icon
By Eric Tucker
See full bioRight Arrow Button Icon
By Zeke Miller
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

ashok
Commentary250 Years of Innovation
The greatest startup in history: What we can learn from America’s founders at today’s AI frontier
By Ashok N. SrivastavaJuly 3, 2026
10 hours ago
t
CryptoWhite House
‘We are in a new era’: Trump’s bombshell $2.2 billion income haul, the ‘Big Player Theory’ and what happens when the president becomes the bubble
By Nick LichtenbergJuly 3, 2026
13 hours ago
Photo: Iranian Supreme Leader Ayatollah Ali Khamenei
PoliticsIran
In Iran, regime officials who survived the war intended to kill them appear in public for dayslong funeral of the late Supreme Leader Khamenei
By Nasser Karimi, Jon Gambrell and The Associated PressJuly 3, 2026
14 hours ago
Photo: Russian President Vladimir Putin Attends ASEAN-Russia Summit
Energyputin
Russians live with fuel shortages and rationing as Putin insists the war against Ukraine will go on
By The Associated PressJuly 3, 2026
14 hours ago
Photo: Ivanka Trump and Jared Kushner
Environmentjared kushner
Police use tear gas and pepper spray against Albanians protesting Trump family plans to develop unspoiled island into a luxury resort
By The Associated PressJuly 3, 2026
14 hours ago
U.S. Treasury Secretary Scott Bessent
EconomyDebt
AI’s $2.2 trillion deficit fix is already half fake, economists say
By Tristan BoveJuly 2, 2026
1 day ago

Most Popular

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
Law
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
By Wyatte Grantham-Philips and The Associated PressJuly 2, 2026
1 day ago
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
AI
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
By Nick LichtenbergJuly 3, 2026
16 hours ago
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
Economy
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
By Sasha RogelbergJuly 2, 2026
1 day ago
On Wall Street, analysts increasingly don’t believe the U.S. government’s 'misleading' job numbers
Economy
On Wall Street, analysts increasingly don’t believe the U.S. government’s 'misleading' job numbers
By Jim EdwardsJuly 3, 2026
11 hours ago
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii
Success
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii
By Sasha RogelbergJuly 2, 2026
1 day ago
Current price of oil as of July 2, 2026
Personal Finance
Current price of oil as of July 2, 2026
By Joseph HostetlerJuly 2, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.