Trump again criticizes Putin as Ukraine war heats up; Kremlin proposes June 2 direct talks with Ukraine

Russia's President Vladimir Putin. (SPutnik/Pool via AFP)
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Updated 29 May 2025
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Trump again criticizes Putin as Ukraine war heats up; Kremlin proposes June 2 direct talks with Ukraine

  • Trump says he is not yet prepared to order new sanctions
  • Zelensky says Russia has gathered 50,000 troops near Sumy

WASHINGTON/MOSCOW/KYIV: US President Donald Trump again expressed frustration on Wednesday with Russian President Vladimir Putin over the intensifying Ukraine conflict, a day after warning that Putin was “playing with fire” by resisting ceasefire talks while escalating drone and missile attacks.

But Trump also told reporters in the Oval Office that he was not yet prepared to impose new sanctions on Russia because he did not want the penalties to scuttle a potential peace deal.

Russia has proposed holding the next round of direct talks with Ukraine on June 2 in Istanbul, Russian Foreign Minister Sergei Lavrov said on Wednesday. There was no immediate response from Kyiv.

The public squabble between the US and Russia unfolded as the three-year-old war heats up, with swarms of drones launched by both Russia and Ukraine and Russian troops advancing at key points along the front.

Delegates from Russia and Ukraine met earlier this month in Istanbul under pressure from Trump to end the bloodiest conflict in Europe since World War Two, but the talks failed to yield the ceasefire that Kyiv and its Western allies have pushed for. Moscow said certain conditions needed to be met before a ceasefire agreement.

Asked whether the Russian leader might be intentionally delaying negotiations, Trump said, “We’re going to find out whether or not he’s tapping us along or not, and if he is, we’ll respond a little differently.”

After speaking to Trump on May 19, Putin said he had agreed to work with Ukraine on a memorandum which would set out the contours of a peace accord including the timing of a ceasefire.

Ukraine has not yet officially agreed to Russia’s proposed meeting on June 2. Defense Minister Rustem Umerov said on Wednesday that Kyiv had already submitted its memorandum on a potential settlement and called on Russia to produce its version immediately, rather than waiting until next week.

“We are not opposed to further meetings with the Russians and are awaiting their ‘memorandum’, so that the meeting won’t be empty and can truly move us closer to ending the war,” Umerov said.

The Russian Foreign Ministry said Lavrov spoke to US Secretary of State Marco Rubio on Wednesday about Moscow’s preparation of “concrete proposals” for upcoming talks in Istanbul but gave no details.

Putin’s demands for ending the war include a written pledge from Western leaders that NATO will not expand eastward to former Soviet republics such as Ukraine and Georgia and the lifting of some sanctions on Russia, according to Russian sources with knowledge of the negotiations.

In a post on Truth Social on Tuesday, Trump had warned Putin that he was “playing with fire” and that “really bad” things would have happened to Russia already if not for Trump himself.

Putin’s foreign policy aide, Yuri Ushakov, told a state TV reporter that Trump’s remark suggested he is not well-briefed on the realities of the war.

War heating up

Russia said on Wednesday it had downed 296 Ukrainian drones over 13 regions overnight, while Ukraine’s military said it had struck several Russian weapon production sites.

Ukraine said Russia had launched 88 drones and five ballistic missiles.

After Russia said in late April it had ejected Ukrainian forces from the western Kursk region, Moscow’s forces have pushed over the border into the neighboring Sumy region of northeastern Ukraine and taken several villages there.

Ukrainian President Volodymyr Zelensky said that Russia has gathered 50,000 troops near the northern Sumy region, but added that Kyiv had taken steps to prevent Moscow from conducting a large-scale offensive there.

Speaking in Berlin during a visit by Zelensky, German Chancellor Friedrich Merz said that Germany and Ukraine will develop the joint production of long-range missiles, a move the Kremlin said was irresponsible and amounted to stoking the war.

Russian Defense Minister Andrei Belousov said that the US-led NATO military alliance was using the Ukrainian crisis to build up its presence across eastern Europe and the Baltic but that Russia was advancing along the entire front in Ukraine.

Putin ordered tens of thousands of troops to invade Ukraine in February 2022 after eight years of fighting in eastern Ukraine between Russian-backed separatists and Ukrainian troops.

Russia currently controls just under one fifth of Ukraine. Though Russian advances have accelerated over the past year, the war is costing both Russia and Ukraine dearly in terms of casualties and military spending.


SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions

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SpaceX acquires xAI in record-setting deal as Musk looks to unify AI and space ambitions

  • The deal is the biggest M&A transaction of all time
  • Deal values xAI at $250 billion, SpaceX at $1 trillion

Elon Musk said on Monday ​that SpaceX has acquired his artificial-intelligence startup xAI in a record-setting deal that unifies Musk’s AI and space ambitions by combining the rocket-and-satellite company with the maker of the Grok chatbot. The deal, first reported by Reuters last week, represents one of the most ambitious tie-ups in the technology sector yet, combining a space-and-defense contractor with a fast-growing AI developer whose costs are largely driven by chips, data centers and energy. It could also bolster SpaceX’s data-center ambitions as Musk competes with rivals like Alphabet’s Google, Meta, Amazon-backed Anthropic ‌and OpenAI in the ‌AI sector.
The transaction values SpaceX at $1 trillion, and ‌xAI ⁠at $250 ​billion, according ‌to a person familiar with the matter.
“This marks not just the next chapter, but the next book in SpaceX and xAI’s mission: scaling to make a sentient sun to understand the Universe and extend the light of consciousness to the stars!” Musk said. The purchase of xAI sets a new record for the world’s largest M&A deal, a distinction held for more than 25 years when Vodafone bought Germany’s Mannesmann in a hostile takeover valued at $203 billion ⁠in 2000, according to data compiled by LSEG. The combined company of SpaceX and xAI is expected to price shares ‌at about $527 each, another person familiar with the matter said. ‍SpaceX was already the world’s most ‍valuable privately held company, last valued at $800 billion in a recent insider share sale. ‍XAI was last valued at $230 billion in November, according to the Wall Street Journal. The merger comes as the space company plans a blockbuster public offering this year that could value it at over $1.5 trillion, two people familiar with the matter said.
SpaceX, xAI and Musk did not immediately respond ​to requests for comment.
The deal further consolidates Musk’s far-flung business empire and fortunes into a tighter, mutually reinforcing ecosystem – what some investors and analysts informally ⁠call the “Muskonomy” – which already includes Tesla, brain-chip maker Neuralink and tunnel firm the Boring Company. The world’s richest man has a history of merging his ventures together. Musk folded social media platform X into xAI through a share swap last year, giving the AI startup access to the platform’s data and distribution. In 2016, he used Tesla’s stock to buy his solar-energy company SolarCity.
The agreement could draw scrutiny from regulators and investors over governance, valuation and conflicts of interest given Musk’s overlapping leadership roles across multiple firms, as well as the potential movement of engineers, proprietary technology and contracts between entities.
SpaceX also holds billions of dollars in federal contracts with NASA, the Department of Defense and intelligence agencies, which all have some authority ‌to review M&A transactions for national security and other risks.