GTI Energy (GTR:AU) has announced Snow Lake Completes Due Diligence and Confirms Placement
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GTI Energy (GTR:AU) has announced Snow Lake Completes Due Diligence and Confirms Placement
Download the PDF here.
Here’s a quick recap of the crypto landscape for Friday (August 8) as of 9:00 p.m. UTC.
Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin (BTC) was priced at US$116,454, down by 0.8 percent over the last 24 hours. Its lowest valuation on Friday was US$115,979, while its highest valuation was US$117,038.
Bitcoin price performance, August 8, 2025.
Chart via TradingView.
An executive order from the Trump administration about the addition of cryptocurrency investment options to federally regulated 401(k) retirement plans could trigger an influx of new capital and drive up Bitcoin’s price.
Separately, over US$1 billion in Bitcoin call options are set to activate if Bitcoin hits US$200,000 on December 26, when US$8.8 billion in options are set to expire; however, experts believe the presence of these call options reflects strategic positioning rather than a widespread belief in a year-end surge to that level. Cointelegraph analyst Marcel Pechman notes that pro traders are using far-out-of-the-money calls in structured strategies like diagonal spreads and inverse butterflies to manage risk and seek asymmetric upside, not as direct bets on extreme price targets.
Ethereum (ETH) was priced at US$4,053, up by 4.9 percent over the past 24 hours and its highest valuation of the day. Its lowest valuation on Friday was US$3,910 at the start of trading.
US President Donald Trump has signed an executive order directing the Department of Labor to review its fiduciary rules for retirement plans, potentially clearing the way for assets like cryptocurrencies, private equity and real estate to be included in 401(k)s. While no laws have changed, the move signals a potential shift from the Biden era.
The Employee Retirement Income Security Act still requires fiduciaries to choose “prudent” investments, meaning employers will need to justify the inclusion of volatile or opaque assets. Legal experts say the order could influence how federal agencies interpret the rules, but it won’t override decades of court precedents on fiduciary duty.
For now, employers remain cautious due to the risk of lawsuits over imprudent or overly expensive options. Crypto in 401(k)s remains rare, though large firms like BlackRock are already exploring target-date funds with alternative assets.
Ripple and the US Securities and Exchange Commission (SEC) have dismissed their respective appeals, effectively ending a five-year lawsuit, as per a brief filing on Thursday (August 7) with the Court of Appeals for the Second Circuit.
“Following the Commission’s vote today, the SEC and Ripple formally filed directly with the Second Circuit to dismiss their appeals,” Ripple’s chief legal officer, Stuart Alderoty, wrote on X.
The SEC sued Ripple in 2020 for selling XRP as an unregistered security. A July 2023 ruling by Judge Analisa Torres found XRP was not a security when sold on public exchanges, but was when sold to institutional investors.
The SEC appealed, and Ripple cross appealed. However, this past April, both parties filed a joint motion to pause their appeals, hinting at a settlement. They settled in May, asking Torres to dissolve the injunction and lower the US$125 million fine. She denied that in June, stating that Ripple must still follow federal securities laws.
Following the announcement, open interest in XRP grew by over 15 percent in 24 hours and futures volumes rose by over 233 percent, according to Coinglass data.
Bitcoin asset manager Parataxis announced its plan to go public by merging with a special purpose acquisition company (SPAC) called SilverBox Corp. IV on Wednesday (August 6).
The deal aims to raise up to US$640 million to “support acceleration of digital asset purchases and support long-term strategy.’ It implies a total pro forma equity value of up to US$800 million for the combined company, assuming the US$10 share price and no redemptions. The new public company will be named Parataxis Holdings and will trade on the New York Stock Exchange under the ticker symbol “PRTX.”
The company’s goal is to launch a yield-enhanced Bitcoin treasury strategy in the US and South Korea. The deal also includes an equity line of credit to raise additional funds. This will allow it to continue accumulating Bitcoin.
The company has already allocated US$31 million for an initial Bitcoin purchase.
Fundamental Global (NASDAQ:FGF), a new Ethereum treasury vehicle, has filed to raise US$5 billion, signaling the potential emergence of a new mega whale in the Ethereum market.
According to a Friday press release, the company aims to use the majority of the proceeds from a potential US$4 billion common stock offering to acquire a 10 percent stake in the Ethereum network.
“This US$5 billion shelf filing represents a significant step in our capital raising capabilities and positions us to move with speed and scale when capital deployment opportunities arise,” said CEO and Chairman Kyle Cerminara.
“We believe this framework will enable us to capitalize on ETH accumulation opportunities and support our target of a 10 percent stake in the Ethereum Network,’ he added.
Binance is teaming up with Banco Bilbao Vizcaya Argentaria (BBVA), Spain’s second largest bank, to give customers the option of storing their assets with a regulated custodian rather than directly on the exchange.
The arrangement is designed to reassure investors after Binance’s US$4.3 billion fine from US regulators in 2023 over anti-money laundering failures. With BBVA acting as an independent custodian, customer funds would remain secure even if Binance faced hacking, insolvency or further regulatory action.
The partnership leverages BBVA’s strong reputation for compliance and innovation, aiming to encourage more cautious investors to engage with crypto. The move also follows leadership changes at Binance, including founder Changpeng Zhao’s resignation and brief prison sentence, as the company works to repair its image.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
This week saw tech stocks push the Nasdaq Composite (INDEXNASDAQ:.IXIC) to its best week since June.
However, on Monday (August 4), multiple news outlets reported that various Wall Street firms were warning of a near-term drop in the S&P 500 (INDEXSP:.INX) after its strong rally. In a note to clients, Mike Wilson of Morgan Stanley (NYSE:MS) forecasts that tariffs, which went into effect this week, will lead to a 10 percent correction.
“Over the last couple of weeks, we have noted that investors should expect a modest pullback in the third quarter,” Wilson wrote. Julian Emanuel of Evercore (NYSE:EVR) anticipates a 15 percent drop. Additionally, Parag Thatte’s team at Deutsche Bank (NYSE:DB) points to an overdue drawdown following three months of equity expansion.
Markets appear to have disregarded the warnings, as economic data released this week has revived expectations for interest rate cuts. Stephen Miran, US President Donald Trump’s interim selection for Adriana Kugler’s position as chair of the Council of Economic Advisers, has further fueled these expectations. According to CME Group’s (NASDAQ:CME) Fedwatch tool, traders now anticipate a nearly 90 percent probability of a rate cut next month.
Furthermore, exemptions to the Trump administration’s tariffs for companies investing in US manufacturing capacity led to a midweek rally in tech stocks that persisted through to Friday (August 8).
On Wednesday (August 6), OpenAI unveiled the long-awaited GPT-5 version of ChatGPT, which CEO Sam Altman described as a “significant step” along the path to artificial general intelligence (AGI).
Altman declared that GPT-5 gives users PhD-level expert assistance on any subject, with fewer hallucinations, as well as superior coding abilities that could lead to an era of “software on demand.’
“Something like GPT-5 would be pretty much unimaginable in any other time in history,” he said during a pre-briefing with journalists on Wednesday. While GPT-5 exhibits signs of broad intelligence, Altman clarified that it lacks a key characteristic of AGI: the ability to learn and improve autonomously.
Concurrently, OpenAI for Government announced it is partnering with the US General Services Administration to offer ChatGPT Enterprise to the federal executive branch workforce for US$1 per agency for the next year.
In a statement to Wired, Altman said the agreement was part of Trump’s Artificial Intelligence (AI) Action Plan, which is geared at leveraging AI to better serve the American people.
Additionally, the company reportedly engaged in early discussions this week for a secondary stock sale that would increase its valuation to US$500 billion. During an interview with Schwab Network, Ben Emons, chief investment officer and founder of FedWatch Advisors, said OpenAI’s valuation could hit US$1 trillion.
A recent report by the Information found that OpenAI has hit an annualized run rate of US$12 billion, roughly double the US$6 billion recorded in revenue in the first half of 2025.
OpenAI also introduced a pair of freely available models this week, which Amazon (NASDAQ:AMZN) will offer to cloud-computing clients.
Trump announced plans to impose a nearly 100 percent tariff on semiconductor chips on Wednesday, but carved out an exemption for companies investing in US manufacturing capacity.
After a meeting at the White House, Apple (NASDAQ:AAPL) CEO Tim Cook pledged an additional US$100 billion investment in US manufacturing capacity, bringing its total commitment to US$600 billion over the next four years.
However, final assembly is expected to remain overseas “for a while,” according to Cook, and the announcement did not include any mention of future iPhone assembly in the US.
Apple performance, August 5 to 8, 2025.
Chart via Google Finance.
The pledge led to a significant market reaction, with Apple shares climbing over 4 percent, leading gains on Wall Street.
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) also saw strong gains after it was reported that National Development Council Chief Liu Chin-ching told parliament that the company will be exempt since it has factories in the US, referring to fabrication plants currently under construction in Arizona.
However, he added that some of Taiwan’s chipmakers will be affected.
Likewise, South Korean trade officials stated that Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) will both avoid the tariffs due to their investments in US manufacturing facilities. Samsung has two chip fabrication plants in Texas, while SK Hynix is building a new advanced chip packaging and R&D facility in Indiana.
Firefly Aerospace (NASDAQ:FLY) made a strong debut on the Nasdaq Global Market on Thursday (August 7).
The stock opened at US$70 per share, a significant jump from its initial public offering price of US$45.
After first targeting between US$35 and US$39 per share, the company raised the price from US$41 to US$43 on Tuesday (August 5). Firefly was valued at over US$2 billion after a Series D funding round in November 2024.
Its opening price represented a further increase. After briefly topping US$73.80, the company closed its first day on the market at US$60.35, raising US$868.3 million and achieving a valuation of approximately US$8.5 billion.
The company experienced a moderate pullback on Friday, opening at US$54.85 before briefly touching US$57.07; it then closed the week at US$50.17.
Tesla (NASDAQ:TSLA) CEO Elon Musk confirmed reports that the company is disbanding its Dojo supercomputer team, posting to X on Thursday evening:
“It doesn’t make sense for Tesla to divide its resources and scale two quite different AI chip designs.
“The Tesla AI5, AI6 and subsequent chips will be excellent for inference and at least pretty good for training. All effort is focused on that.”
Tesla intended for Dojo to facilitate the training of its Autopilot and Full Self-Driving systems.
Sources for Bloomberg, which first reported the story, said Tesla will rely on partners like NVIDIA (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD) and Samsung for chip manufacturing.
This move contradicts Musk’s commitments to “double down on Dojo” during his company’s second quarter earnings call on July 23. The development follows a letter sent to shareholders by two Tesla directors on Monday explaining the board’s decision to grant Musk a US$23.7 billion stock award.
Robyn Denholm, chair of Tesla’s board of directors, and Kathleen Wilson-Thompson, a director, said the decision was driven by Tesla’s transition from electric vehicles to AI and robotics.
The letter emphasizes the critical need to motivate Musk, stating that his involvement is essential for attracting and retaining talent at Tesla, especially as competition for AI talent intensifies.
Major software company Palantir Technologies (NASDAQ:PLTR) reported its Q2 earnings on Monday, revealing revenue growth of 48 percent to US$1.003 billion. Shares of the company opened over 7 percent higher on Tuesday and continued to rise, finishing the week up nearly 18 percent.
Palantir Technologies performance, August 5 to 8, 2025.
Chart via Google Finance.
“This was a phenomenal quarter. We continue to see the astonishing impact of AI leverage,’ said Alex C. Karp, co-founder and CEO of Palantir, in a press release. “We are guiding to the highest sequential quarterly revenue growth in our company’s history, representing 50 percent year-over-year growth.”
Free cashflow rose by 282 percent to US$568.7 million. The company is projecting further revenue growth of around 49 percent in the third quarter. Its share price is up over 145 percent year-to-date after starting the year at US$76.20. As of Friday’s closing bell, shares of Palantir were trading for US$186.96.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Ukrainian President Volodymyr Zelenskyy on Sunday thanked European leaders for backing his push to join this week’s U.S.–Russia summit, as Kyiv fears Washington and Moscow could strike a deal to end the war but in a way that undermines Ukraine’s sovereignty.
‘The end of the war must be fair, and I am grateful to everyone who stands with Ukraine and our people today for the sake of peace in Ukraine, which is defending the vital security interests of our European nations,’ Zelenskyy said.
The leaders of Britain, France, Germany, Italy, Poland, Finland and the European Commission said in a joint statement that any diplomatic solution brokered between President Donald Trump and Russian President Vladimir Putin must protect the security interests of Ukraine and Europe.
‘The U.S. has the power to force Russia to negotiate seriously,’ EU foreign policy chief Kaja Kallas told Reuters on Sunday. ‘Any deal between the U.S. and Russia must have Ukraine and the EU included, for it is a matter of Ukraine’s and the whole of Europe’s security,’ she added.
NATO Secretary General Mark Rutte said the upcoming summit ‘will be about testing Putin’ and will serve as a measure of how serious the Russian leader is about ‘bringing this terrible war to an end.’
Both the White House and the Kremlin have acknowledged Zelenskyy’s request to join the talks, though no formal invitation has been issued. Trump and Putin are scheduled to meet in Alaska on Aug. 15. If Zelenskyy were to take part, the meeting would mark the first between Putin and Zelenskyy since the start of Moscow’s war.
The meeting, which Trump announced in a Truth Social post on Friday, comes on the heels of Washington’s threats to impose steep tariffs on the Kremlin and its allies.
Trump has previously singled out countries like India and China—top buyers of discounted Russian crude — for undermining G7 price caps and weakening the impact of Western sanctions.
In response, bipartisan lawmakers introduced the Sanctioning Russia Act, which would impose a 500% tariff targeting the core of Russia’s economy — its oil and gas exports — if Moscow continues to resist peace efforts or escalates the conflict.
Meanwhile, a senior member of Putin’s inner circle warned that multiple countries are mounting ‘titanic efforts’ to undermine the upcoming summit between the Russian leader and Trump.
‘Undoubtedly, a number of countries interested in continuing the conflict will make titanic efforts to disrupt the planned meeting between President Putin and President Trump,’ wrote Russia’s investment envoy, Kirill Dmitriev, in a Telegram post on Saturday, referencing the Kremlin’s ongoing war in Ukraine.
While Dmitriev did not name specific countries, he warned that critics of the upcoming talks could seek to sabotage the summit through diplomatic maneuvers or disinformation through the media.
President Donald Trump will use the upcoming summit with Russian President Vladimir Putin to test how serious Putin is about ending the war with Ukraine, NATO Secretary General Mark Rutte said Sunday.
Rutte told ABC’s ‘This Week’ that the meeting comes as Trump continues to put pressure on Putin, noting the recent secondary sanctions on countries like India, which purchased Russian oil, and delivering lethal weapons to Ukraine.
‘Next Friday will be important because it will be about testing Putin, how serious he is on bringing this terrible war to an end,’ Rutte said.
Trump announced the first in-person meeting with Putin since Moscow launched its deadly invasion of Ukraine in 2022 in a Truth Social post on Saturday. The leaders are expected to meet in Alaska on Friday, Aug. 15.
In recent weeks, Trump has refused to mince words when asked about Putin. Trump said during a Cabinet meeting July 8 he was fed up with Putin and said he was eyeing potentially imposing new sanctions on Russia.
The NATO chief called the upcoming meeting ‘an important step’ in the process of reaching full-scale peace negotiations between Russia and Ukraine.
Ukrainian President Volodymyr Zelenskyy, however, wasn’t expected to be at the summit with Trump and Putin as of Sunday. Despite Zelenskyy’s absence, Rutte said ‘we need Ukraine at the table.’
‘It will be about territory,’ Rutte said of the upcoming meeting. ‘It will, of course, be about security guarantees, but also about the absolute need to acknowledge that Ukraine decides on its own future, that Ukraine has to be a sovereign nation deciding on its geopolitical future, of course having no limitations to its own military troop levels, and for NATO to have no limitations on our presence on the eastern flank in countries like Latvia, Estonia and Finland.’
U.S. Ambassador to NATO Matthew Whitaker told CNN on Sunday that no decision had been made at this point about whether Zelenskyy would be invited to the meeting.
‘If [Trump] thinks that that is the best scenario to invite Zelenskyy, then he’ll do that,’ Whitaker said, adding that ‘there’s time to make that decision.’
When asked about whether Putin can be trusted, Whitaker said that in any situation of competing national interests it will be actions, not words, that decide whether peace is achieved and preserved.
‘Words are cheap, but in this case, whether it’s the Russians or the Ukrainians, both sides are going to have to take the actions to have peace and to continue to honor that peace,’ he said.
Fox News Digital’s Diana Stancy contributed to this report.
President Donald Trump recently spoke to the South Carolina Republican Party’s Silver Elephant Gala through a phone that Sen. Lindsey Graham held up to a microphone.
Trump, who endorsed Graham for re-election earlier this year, continued expressing his support for the senator while speaking on the phone.
Trump said the senator has his ‘full endorsement,’ calling him a ‘great guy,’ saying that Graham has always been there for him when he needed him and he ‘won’t forget it.’
‘Thank you for your surprise call, Mr. President!’ Graham said in a post on X that also featured footage of Trump’s remarks about him.
‘With your support, I’ll keep delivering the America First agenda to the great people of South Carolina. I’m glad to have been part of the most awesome six months in modern history led by President @realDonaldTrump.’
Graham, who has served in the Senate since 2003, is facing Republican primary challengers.
Paul Dans, the former director of the 2025 Presidential Transition Project at the Heritage Foundation and who is one of Graham’s challengers, attended the event where Trump spoke by phone.
‘Lindsey Graham’s terrified—his Senate seat’s at risk against me, his toughest challenger yet. After 32 years of broken term-limit promises, he’s done. Clinging to President Trump won’t save him from SC’s America First Patriots who see his grift. #LindseyPanic #PrezTrumpPlsHelpMe,’ Dans wrote in a post on X.
Graham will be up for re-election in 2026.
House GOP fiscal hawks have requested tens of millions of federal dollars for projects in their home districts for fiscal year 2026, an analysis by Fox News Digital has found.
It’s common practice for congressional lawmakers to request funding for specific community initiatives for the people they represent – measures called ‘earmarks.’ Critics of such funding have often referred to it as ‘pork,’ however.
This coming fiscal year, beginning on Oct. 1, is no different – both Republicans and Democrats have requests totaling over a billion dollars in earmarks so far.
That includes conservatives in the House of Representatives who have been known to criticize what they describe as excessive or bloated government spending.
House Freedom Caucus Chair Andy Harris, R-Md., for instance, has been approved for more than $55 million in federal funding for projects in his district.
The figure includes $9 million for the Middle River Fire Company to make improvements and upgrades to its facilities, and $1 million for the development of a Doctor of Veterinary Medicine program at the University of Maryland Eastern Shore.
The majority of Harris’ requests are aimed at rural development in his district and the Army Corps of Engineers. Three earmarks were requested for clean water initiatives.
Harris told Fox News Digital when reached for comment on the funds, ‘These awards are certified to directly benefit taxpayers in the district—drawing from existing grant programs that are funded annually. It’s far better for elected members of Congress to designate where that money goes than to leave those decisions to unelected federal bureaucrats. There are no additional funds appropriated for Community Project Funding – they all fall within the agency’s appropriation.’
Rep. Tim Burchett, R-Tenn., a self-described deficit hawk, was approved for just over $10 million so far. That includes over $4 million for Flexible Neutron Source, a research tool at the University of Tennessee, and $2 million for veterans housing in Knox County.
House Freedom Caucus member Rep. Clay Higgins, R-La., was approved for more than $18 million in earmarks – with the largest request being $4,200,000 for the Silicon Bayou Semiconductor Technology Center at the University of Louisiana, Lafayette.
Higgins’ total sum also includes funding for Army Corps of Engineers projects, as well as rural hospital, law enforcement and clean water initiatives.
He also submitted a joint request with House Majority Leader Steve Scalise, R-La., for $131,500,000 toward a levee and floodgate system, called the Morganza to the Gulf of Mexico Project, aimed at storm damage prevention.
Rep. Lauren Boebert, R-Colo., another member of the House Freedom Caucus, got nearly $15 million in community funding projects approved, chiefly aimed at clean water programs and highway infrastructure.
Boebert was vehemently against earmarks when she first came to Congress. Her opinion has changed since then, however, due to Republican-led changes to the process – which she explained in a 2023 op-ed in the Aspen Times.
She made a similar argument to Fox News Digital when reached for this story: ‘I fought for real reforms to the appropriations process in 2023 to make sure my constituents’ tax dollars go to necessary infrastructure projects, not the wasteful and corrupt spending schemes that took place under Nancy Pelosi.’
‘My district’s roads are crumbling, and our water keeps getting sent to California, where it’s wasted, because Colorado’s politicians won’t invest in water storage or infrastructure investments. My constituents pay federal taxes just like everyone else, and they should see their dollars benefit their communities instead of being sent to sanctuary cities like Denver,’ Boebert said.
Conservative libertarian Rep. Thomas Massie, R-Ky., also got some community funding, though only totaling $5 million approved so far. Massie’s requests so far are all focused on construction and rehabilitation for Cincinnati/Northern Kentucky International Airport.
Massie told Fox News Digital of the funding, ‘I serve on the Transportation and Infrastructure Committee because I believe the federal government has a legitimate role in transportation infrastructure, and the legislature has the constitutional authority to direct the funding of those projects.’
‘In fact, I have voted in the GOP conference more than once to restore congressionally directed spending in the context of transportation infrastructure,’ Massie said.
And Rep. Marjorie Taylor Greene, R-Ga., chair of the subcommittee for Delivering on Government Efficiency (DOGE), got nearly $10 million in earmarks approved for her rural-suburban Georgia district.
Those funding requests are largely comprised of infrastructure initiatives, clean water programs, and law enforcement-related projects for Floyd County and other areas.
While known as a fiscal hawk, it’s worth noting that the majority of Greene’s criticism of government spending is directed at foreign aid.
Greene said she was glad to be able to provide for her district when reached for comment by Fox News Digital.
‘I’m proud to bring federal tax dollars back home to Northwest Georgia – where they belong. My constituents work hard, and for far too long, Washington has sent their money to fund foreign wars, foreign governments and globalist pet projects. When I first got to Congress, I opposed the earmark process because I believed it was a tool of the Swamp. But after seeing how it works today, I’ve realized that if we don’t fight to bring money back to our districts, the money goes elsewhere,’ Greene said.
‘I’ll never support billions for Ukraine or other endless wars, but I will absolutely fight to secure critical investments in Northwest Georgia, from water systems and sewer expansions to public safety equipment, roads and broadband.’
The aforementioned lawmakers’ spending requests are far from an exhaustive total list across the entire House, but fiscal conservatives’ earmark proposals show just how widespread the practice is within Congress – on both sides of the aisle.
Republicans have made some changes to the process as of FY2025, however, to narrow what’s allowed.
In an effort to block out funding requests for ‘woke’ or socially progressive policies, GOP appropriators have barred earmarks for most nonprofit organizations.
That move likely saved hundreds of millions of dollars in annual spending, but Democrats decried it as a block on federal funding for LGBT initiatives.
Fox News Digital reached out to spokespeople for Burchett and Higgins for comment but did not receive a response.
President Donald Trump’s week will culminate in a high-stakes summit with Russian President Vladimir Putin in Alaska, where the two leaders are expected to discuss the war in Ukraine and the broader state of U.S.–Russia relations on the global stage.
The summit, scheduled for Friday, has drawn international scrutiny amid concerns that Washington and Moscow could attempt to broker terms for ending the conflict without formally involving Ukrainian President Volodymyr Zelenskyy, leaving him only a tacit role in negotiations.
Trump has previously said that Putin and Zelenskyy were close to a ceasefire deal but signaled that war-weary Kyiv would have to concede significant territory, an outcome that Ukrainians and many European allies oppose.
Russian forces currently occupy approximately one-fifth of Ukraine’s territory stretching from the Russian border to Crimea — including regions vital to the country’s economy, rich in minerals, industry, and home to Europe’s largest nuclear power plant.
Both the White House and the Kremlin have acknowledged Zelenskyy’s request to join the talks, though no formal invitation has been extended to the Ukrainian leader. If granted a seat at the table, it would mark the first face-to-face meeting between Zelenskyy and Putin since the Kremlin launched its full-scale invasion of Ukraine in February of 2022.
The summit comes as Russia’s war grinds into its third year and fifth month, with Moscow showing little sign of abandoning its efforts to erode Ukraine’s sovereignty and reassert the territorial influence of the former Soviet empire.
The Kremlin said in a statement on Saturday that Trump and Putin are expected to ‘focus on discussing options for achieving a long-term peaceful resolution’ in Ukraine. ‘This will evidently be a challenging process, but we will engage in it actively and energetically,’ the statement added.
Over the weekend, several European leaders voiced support for Zelenskyy’s push to attend this week’s summit, amid growing concerns that Kyiv’s long-term security could be negotiated without its direct involvement.
The leaders of Britain, France, Germany, Italy, Poland, Finland and the European Commission said in a joint statement that any diplomatic solution brokered between Trump and Putin must uphold the security interests of both Ukraine and Europe.
‘The U.S. has the power to force Russia to negotiate seriously,’ European Union foreign policy chief Kaja Kallas told Reuters on Sunday. ‘Any deal between the U.S. and Russia must have Ukraine and the EU included, for it is a matter of Ukraine’s and the whole of Europe’s security,’ she added.
NATO Secretary General Mark Rutte also voiced support for Zelenskyy’s attendance at the meeting and called the summit an opportunity to measure how serious Putin is about ‘bringing this terrible war to an end.’
Zelenskyy thanked European leaders for their support and said that ‘the end of the war must be fair.’
‘I am grateful to everyone who stands with Ukraine and our people today for the sake of peace in Ukraine, which is defending the vital security interests of our European nations,’ he said.