On Thursday, US President Donald Trump urged Saudi Arabia and other OPEC nations to lower oil prices, arguing that reduced prices would contribute to ending the Russia-Ukraine war swiftly.
“Right now, the price is high enough that the war will continue. You have to bring down the oil price, you have to end that war. They should have done it long ago. They are very responsible, to a certain extent, for what’s taking place. Millions of lives are being lost. With oil prices going down, I’ll demand that interest rates drop immediately and likewise they should be dropping all over the world,” Trump added.
Donald Trump urges immediate resolution of the Russia-Ukraine conflict
Ahead of his Davos address, Donald Trump reiterated his call for an immediate resolution to the ongoing war between Russia and Ukraine. He also warned of potential economic repercussions for Russia, including “taxes, tariffs, and sanctions.”
Trump highlighted his longstanding admiration for the Russian people and reflected on his previously positive relationship with President Vladimir Putin.
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“I’m not looking to hurt Russia. I love the Russian people, and always had a very good relationship with President Putin – and this despite the Radical Left’s Russia, Russia, Russia HOAX. We must never forget that Russia helped us win the Second World War, losing almost 60,000,000 lives in the process. All of that being said, I’m going to do Russia, whose economy is failing, and President Putin, a very big favour,” Trump said in a post on Truth Social.
The war started in January 2022 when Russia invaded Ukraine after the former Soviet republic’s decision to join NATO. Russia has demanded that the West gives a legally binding guarantee that NATO will not hold any military activity in eastern Europe and Ukraine. Vladimir Putin claims Ukraine is a puppet of the West.
Since the war began, more than 14,000 civilians have lost their lives with millions displaced either within Ukraine or have fled the country altogether. This is apart from the combat casualties that both the countries have suffered.
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