Lagatar24 Desk
Davos: US President Donald Trump has emphasized the potential of Saudi Arabia and the Organization of the Petroleum Exporting Countries (OPEC) to play a decisive role in ending the Russia-Ukraine conflict by reducing oil prices. Speaking via video link at the World Economic Forum in Davos, Trump linked high oil prices to the continuation of the war.
Oil Prices and the Path to Peace
Trump suggested that lowering oil prices could swiftly halt the conflict. “If the price came down, the Russia-Ukraine war would end immediately,” he stated, expressing surprise that action had not been taken earlier. “They should have done it long ago,” he added.
The President disclosed his intention to engage with Saudi Arabia to reduce oil prices and also proposed increasing a US investment package with Riyadh to $1 trillion, up from the current commitment of $600 billion.
Encouraging Negotiations
Highlighting the need for direct dialogue, Trump revealed that both Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy appear open to negotiations. “Putin would like to see me, and we’ll meet as soon as we can,” Trump remarked, emphasizing the human cost of the ongoing conflict. He added that Ukraine, too, is prepared to discuss a resolution, citing Zelenskyy’s willingness to negotiate.
Economic Measures to Pressurize Russia
Trump warned of potential sanctions if progress towards a ceasefire remains elusive. “If a deal isn’t reached soon, I will have no choice but to impose tariffs, taxes, and sanctions on goods sold by Russia to the United States and other participating countries,” he said.
