Trump declares energy ceasefire between Russia and Ukraine
President Trump said both sides had agreed to an immediate energy ceasefire; crypto markets rose after Ukraine's president voiced support.
Key points
- Trump announced the "energy ceasefire" on Truth Social on Sunday morning, saying both parties had agreed
- Zelensky said Ukraine supports the ceasefire and is awaiting details from the American side
- Bitcoin gained more than 1% to $83,900 after Zelensky's response, having been flat earlier
President Trump declared an energy ceasefire between Russia and Ukraine, saying both parties had agreed to it with immediate effect. Writing on Truth Social on Sunday morning, he warned both sides not to break it, according to CoinDesk.
Ukrainian President Zelensky initially told Axios reporter Barak Ravid that the announcement was news to him, but that Ukraine would agree if Russia did.
Markets showed little reaction to Trump's post, with oil and crypto roughly flat from Friday. Bitcoin then gained more than 1% to $83,900 following Zelensky's comments. Bloomberg's Javier Blas noted this is the second time Trump has made a similar announcement.
What to watch: Zelensky said Ukraine is awaiting details from the American side, and it remains to be seen whether Russia agrees to the ceasefire.
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