WASHINGTON: Ukrainian President Volodymyr Zelensky meets Donald Trump at the White House Friday, seeking US-made Tomahawk missiles even as the US president reaches out to Russia’s Vladimir Putin for a fresh summit.
Zelensky will be making his third trip to Washington since Trump returned to office, following a disastrous televised shouting match in February and a make-up meeting in August, as the US leader’s stance on the war blows hot and cold.
Trump’s latest pivot came on the eve of Zelensky’s visit. He announced that he would be meeting Putin in Budapest, in a fresh bid to reach a peace deal and end Moscow’s invasion launched in 2022.
Ukraine had hoped Zelensky’s trip would be more about adding to the pressure on Putin, especially by getting American-made long-range Tomahawk cruise missiles that can strike deep into Russia.
But Trump, who once said he could end the war in Ukraine within 24 hours, appears set on pursuing a new diplomatic breakthrough to follow the Gaza ceasefire deal that he brokered last week.
Trump said Thursday he had a “very productive” call with Putin and that they would meet in the Hungarian capital within the next two weeks. He added that he hoped to have “separate but equal” meetings with both Putin and Zelensky but did not elaborate.
Zelensky said as he arrived Thursday in Washington that he hoped Trump’s success with the Gaza deal would bring results to end the war that has left swathes of his own country in ruins.
“We expect that the momentum of curbing terror and war that succeeded in the Middle East will help to end Russia’s war against Ukraine,” Zelensky said on X.
Zelensky insisted that the threat of Tomahawks had forced Moscow to negotiate.
“We can already see that Moscow is rushing to resume dialogue as soon as it hears about Tomahawks,” Zelensky said, adding that he’ll also be meeting US defense companies to discuss additional supplies of air defense systems.
’Didn’t like it’
Trump however cast doubt on whether Ukraine would ever get the coveted weapons, which have a 1,000-mile (1,600-kilometer) range.
Trump told reporters on Thursday that the United States could not “deplete” its own supply. “We need them too, so I don’t know what we can do about that,” he said.
The US president said the Russian leader “didn’t like it” when he raised the possibility during their call of giving Tomahawks to Ukraine.
The Kremlin said on Thursday it was making immediate preparations for a Budapest summit after what it called the “extremely frank and trustful” Putin-Trump call.
But Putin told Trump that giving Ukraine Tomahawks would “not change the situation on the battlefield” and would harm “prospects for peaceful resolution,” the Russian president’s top aide Yuri Ushakov told journalists.
Trump’s relations with Putin — a leader for whom he has repeatedly expressed admiration over the years — and Zelensky have swung wildly since he returned to the White House in January.
After an initial rapprochement, Trump has shown increasing frustration with Putin, particularly since he came away from meeting the Russian president in Alaska with no end to the war in sight.
Zelensky meanwhile has gone the opposite way, winning back Trump’s support after the disastrous Oval Office encounter when the US president and Vice President JD Vance berated him in front of the cameras.
The Ukrainian returned in August — wearing a suit after he was mocked for not wearing one in the first meeting — and accompanied by a host of Western leaders in solidarity.
Trump to meet Zelensky after announcing Putin summit
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Trump to meet Zelensky after announcing Putin summit
- Zelensky will meet Donald Trump at the White House Friday, seeking US-made Tomahawk missiles even as the US president reaches out to Russia’s Vladimir Putin
US allows oil majors to broadly operate in Venezuela, new energy investments
- Treasury Department issues general license allowing Chevron, BP, Eni, Shell and Repsol to operate oil and gas operations in Venezuela
- Move is the most significant relaxation of sanctions on Venezuela since US forces captured and removed President Nicolas Maduro
WASHINGTON: The US eased sanctions on Venezuela’s energy sector on Friday, issuing two general licenses that allow global energy companies to operate oil and gas projects in the OPEC member and for other companies to negotiate contracts to bring in fresh investments. The move was the most significant relaxation of sanctions on Venezuela since US forces captured and removed President Nicolas Maduro last month.
The Treasury Department’s Office of Foreign Assets Control issued a general license allowing Chevron, BP, Eni, Shell and Repsol to operate oil and gas operations in Venezuela. Those companies still have offices in the country and stakes in projects, and are among the main partners of state-run company PDVSA.
The authorization for the oil majors’ operations requires payments for royalties and Venezuelan taxes to go through the US-controlled Foreign Government Deposit Fund.
The other license allows companies around the world to enter contracts with PDVSA for new investments in Venezuelan oil and gas. The contracts are contingent on separate permits from OFAC.
The authorization does not allow transactions with companies in Russia, Iran, or China or entities owned or controlled by joint ventures with people in those countries.
The licenses “invite American and other aligned companies to play a constructive role in supporting economic recovery and responsible investment, ” the US State Department said in a release. Additional authorizations may be issued “as necessary,” it said.
A spokesperson for Chevron, the only US oil firm currently operating in Venezuela, said the company welcomed the new licenses.
“The new General Licenses, coupled with recent changes in Venezuela’s Hydrocarbons Law, are important steps toward enabling the further development of Venezuela’s resources for its people and for advancing regional energy security,” the spokesperson said in a statement.
Eni said it is assessing the opportunities in Venezuela that the authorization opens up.
Oil law reform
The US licenses follow a sweeping reform of Venezuela’s main oil law approved last month, which grants autonomy for foreign oil and gas producers to operate, export and cash sale proceeds under existing joint ventures with PDVSA or through a new production-sharing contract model.
The US has had sanctions on Venezuela since 2019 when President Donald Trump imposed them during his first administration. Trump is now seeking $100 billion in investments by energy companies in Venezuela’s oil and gas sector. US Energy Secretary Chris Wright said on Thursday, during his second day of a trip to Venezuela, that oil sales from the country since Maduro’s capture have hit $1 billion and would hit another $5 billion in months.
Wright said the US will control the proceeds from the sales until Venezuela stands up a “representative government.” Since last month, the Treasury issued several other general licenses to facilitate oil exports, storage, imports and sales from Venezuela. It also authorized the provision of US goods, technology, software or services for the exploration, development or production of oil and gas in Venezuela.
The Venezuelan government expropriated assets of Exxon Mobil and ConocoPhillips in 2007 under then-President Hugo Chavez. The Trump administration is trying to get those companies to invest in Venezuela as well. At a meeting at the White House with Trump last month, Exxon Mobil CEO Darren Woods said Venezuela was “uninvestable” at the moment.
Wright said on Thursday that Exxon, which no longer has an office in Venezuela, is in talks with the government there and gathering data about the oil sector. Exxon did not immediately comment.
