U.S. President Donald Trump abruptly canceled a planned summit with Russian President Vladimir Putin in Budapest and imposed sanctions on Russia for the first time since taking office, reportedly due to Putin’s rejection of a ceasefire in Ukraine. The U.S. sanctions target energy giants Rosneft and Lukoil, causing their market values to drop, as the measures threaten export revenues since key partners, such as India and Türkiye, will have more leverage when purchasing Russian oil. With hopes for a personal rapport with Trump fading, Putin has returned to nuclear brinkmanship. On October 26, he announced that the nuclear-propelled Burevestnik cruise missile was ready for deployment.
Putin Returns to Brinksmanship After New U.S. Sanctions – Jamestown
