NATO Chief Visits as Trump Cancels Putin Summit, Hits Oil

President Trump announced the cancellation of his planned summit with Vladimir Putin on the same day he met with NATO Secretary General Mark Rutte, signaling a hardening of his administration’s stance against Moscow.
Speaking in the Oval Office with Rutte, Trump confirmed the Putin meeting was off. “It didn’t feel right to me,” Trump said, adding, “It didn’t feel like we were going to get to the place we have to get.”
The diplomatic cancellation was paired with a major economic strike. The Treasury Department announced sanctions on Rosneft and Lukoil, Russia’s two largest oil companies, in an effort to cut off funding for the war in Ukraine.
Treasury Secretary Scott Bessent called for an “immediate ceasefire” and blamed Putin’s “refusal to end this senseless war” for the new measures.
The move was praised by European allies. European Commission President Ursula von der Leyen confirmed she had spoken with Bessent and welcomed the “clear signal from both sides of the Atlantic that we will keep up collective pressure on the aggressor.”