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PoliticsFortune Intelligence

Trump to speak with both Putin and Zelensky as U.S. freezes weapons aid to Ukraine

By
Jim Edwards
Jim Edwards
and
Fortune Intelligence
Fortune Intelligence
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By
Jim Edwards
Jim Edwards
and
Fortune Intelligence
Fortune Intelligence
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July 3, 2025, 11:55 AM ET
From left: Volodymyr Zelensky, Donald Trump, and Vladimir Putin.
From left: Volodymyr Zelensky, Donald Trump, and Vladimir Putin.DREW ANGERER, SAUL LOEB, ALEXANDER NEMENOV—AFP via Getty Images

President Donald Trump is preparing for back-to-back phone calls with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky in a high-stakes diplomatic push to end the ongoing war in Ukraine. The moves came after the U.S. paused military aid to Ukraine, a decision that drew sharp criticism from both American and European officials.

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Trump’s call with Putin was scheduled for today at 10 a.m. ET, with a subsequent conversation with Zelensky on Friday. Trump has previously expressed hope that the talks could result in a ceasefire, but his attempts at negotiations between Russia and Ukraine have failed to yield significant progress.

The U.S. decision to halt weapons shipments—including Patriot air-defense interceptors—shocked Kyiv and its NATO allies. Zelensky has said he is prepared to pay $15 billion for the systems.

The Pentagon, however, has framed the move as “preserving U.S. forces’ readiness for Administration defense priorities,” according to Pentagon policy chief Elbridge Colby.

What world leaders will be watching for:

  • Trump’s direct engagement with both Putin and Zelensky signals a renewed attempt to position the U.S. as a central broker in peace negotiations.
  • The abrupt pause in U.S. military aid has deepened rifts with European allies, which remain committed to supporting Ukraine and fear that Washington’s stance could undermine Western unity.
  • With arms deliveries suspended, Ukraine is less able to defend itself against Russia’s near-daily bombing of civilians in Ukraine. 

Trump’s reluctance to maintain robust support for Ukraine is highly controversial. Critics in both the U.S. and Europe argue that withholding military aid at a critical juncture risks emboldening Russia and could force Ukraine into accepting unfavorable terms. The move has revived memories of Trump’s previous withholding of aid to Ukraine, which Trump parlayed into a deal for rare earth minerals.

For this story, Fortune used generative AI to help with an initial draft. An editor verified the accuracy of the information before publishing.

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About the Authors
Jim Edwards
By Jim EdwardsExecutive Editor, Global News
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Jim Edwards is the executive editor for global news at Fortune. He was previously the editor-in-chief of Business Insider's news division and the founding editor of Business Insider UK. His investigative journalism has changed the law in two U.S. federal districts and two states. The U.S. Supreme Court cited his work on the death penalty in the concurrence to Baze v. Rees, the ruling on whether lethal injection is cruel or unusual. He also won the Neal award for an investigation of bribes and kickbacks on Madison Avenue.

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Fortune Intelligence
By Fortune Intelligence

Fortune Intelligence uses generative AI to help with an initial draft, thereby bringing you breaking business news faster while maintaining our high standards of accuracy and quality. These stories are edited by Fortune's senior business editors to verify the accuracy of the information before publishing.

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