Business & Finance · October 19, 2026
Putin reportedly proposes three-way summit with Trump and Xi on Ukraine war — without Zelenskyy
Russian President Vladimir Putin has reportedly proposed a three-way summit with U.S. President Donald Trump and Chinese President Xi Jinping to negotiate an end to the Ukraine war. According to reports, the proposed meeting would exclude Ukrainian President Volodymyr Zelenskyy and could occur during the November APEC summit in Shenzhen. This development follows a reported phone call between Putin and Trump on Oct. 9, which also included a deal regarding global diesel sales. Tensions between Kyiv and Washington have heightened recently due to disagreements over sanctions relief, restrictions on Starshield networks, and conflicting reports regarding the suspension of intelligence sharing.
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Putin reportedly proposes three-way summit with Trump and Xi on Ukraine war — without Zelenskyy
Read at CNBC ↗ Putin’s Bid to End the War in Ukraine on Moscow’s Terms
Read at Wall Street Journal ↗Zelenskyy Says Trump Pushing Ukraine to Surrender, France Reels From Violence
Read at Bloomberg Markets ↗
Reported by multiple outlets
- Vladimir Putin reportedly suggested a three-way summit between Russia, the U.S., and China regarding the Ukraine war.
- Ukrainian President Volodymyr Zelenskyy would not be included in the proposed summit.
- U.S. Secretary of State Marco Rubio acknowledged that talks of a meeting have occurred but did not confirm it was finalized.
- The Trump administration recently lifted certain sanctions on Russian diesel exports and waived others from a bill introduced by the late Senator Lindsey Graham.
- An 'energy ceasefire' announced on Oct. 11 has faced violations, with both Russia and Ukraine continuing strikes on energy infrastructure.
Reported by only some outlets
- The summit proposal was allegedly mentioned during an Oct. 9 phone call between Putin and Trump.
- SpaceX CEO Elon Musk stated that Starshield systems are controlled by the U.S. government following reports of service restrictions in Ukraine.
- Zelenskyy claimed intelligence sharing with the U.S. was briefly interrupted, while Marco Rubio denied any such pause occurred.
Industry-friendly coverage frames it as…
The coverage highlights the business impact of the 'diesel deal' and how energy infrastructure strikes influence global diesel prices.
Skeptical / consumer coverage frames it as…
The reporting notes concerns from Zelenskyy and U.S. allies that sanctions relief and excluding Ukraine from talks could force a capitulation.
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