Putin Said To Be “Ready To Agree” To Ceasefire… With Conditions That Are Unacceptable To Ukraine

The game of headline pong is firing on all cylinders this morning, because moments after stocks slumped and oil spiked after Trump threatened new tariffs on Russia (even though virtually every possible product and service out of Russia is already sanctioned and tariffed by Western nations), Bloomberg reported the opposite, claiming that Putin is “willing to discuss a temporary truce in Ukraine, provided there is progress toward a final peace settlement” citing Russian sources.

Algos read “temporary truce” and immediately slammed toil, the same oil they had spiked just an hour earlier after Trump’s threat.

The only problem is that they did so before reading the rest of report which basically said… well, nothing new at all, to wit:

In the first signal of a positive response from President Vladimir Putin to US counterpart Donald Trump’s call for a ceasefire, the offer was conveyed at last month’s talks in Saudi Arabia between top Russian and American officials, the people said, asking not to be identified discussing internal policy. In order to agree to a cessation of hostilities, there would have to be a clear understanding about the framework principles of the final peace accord, two people with knowledge of the matter said. 

… and the punchline

Russia will insist in particular on establishing the parameters of an eventual peacekeeping mission, including agreement on which countries would take part, said another person familiar with the issue.

…

Russia has said it won’t accept the presence of NATO troops on Ukrainian soil, rejecting a proposal by European countries to put together a “coalition of the willing” to help monitor any peace accord. It doesn’t object to countries such as China that have been neutral in the conflict deploying forces to Ukraine, the two people said.

In other words, this is about as actionable as Zelensky saying he will resign as president the moment Ukraine enters NATO, which of course is a non-starter to Russia. Likewise, Russia’s “conditions” for a ceasefire are completely unacceptable (at least as of this moment) to Europe.

And just to underscore this, Russia on Thursday rejected a Franco-British plan for a partial one-month truce covering air and maritime operations including a halt to strikes targeting energy infrastructure.

The details emerged as the US and Ukraine plan to meet in Saudi Arabia next week for their first direct talks since Trump’s Oval Office bust-up with President Volodymyr Zelenskiy last week. US special envoy Steve Witkoff said the meeting aims to reach “a framework for a peace agreement and an initial ceasefire.”

Since his Jan. 20 inauguration, Trump has overturned US policy on Russia’s invasion of Ukraine to try to bring a rapid end to the three-year-long war that’s Europe’s worst conflict in 80 years. He held phone talks with Putin last month and the pair agreed to hold a summit, though no date has been set yet. Trump abandoned US support for Ukraine’s eventual entry into NATO, and his top officials said it was unrealistic to expect a return of all Ukrainian territory seized by Russia since 2014.

After the confrontation with Zelenskiy at the White House, Trump paused military aid to Ukraine and has suspended some intelligence-sharing with Kyiv, shocking European allies who say the US risks rewarding Russia’s aggression in starting the February 2022 invasion.

Putin has repeatedly brushed aside Trump’s bid for a quick halt to the war. During his annual news conference in December, he said: “We don’t need a truce — we need peace: long-term, durable, with guarantees for the Russian Federation and its citizens.”

Earlier:

US and Russian delegations have in the last three weeks had two rounds of ‘successful’ face-to-face talks, but President Trump is trying to keep up the pressure on Moscow, also as preparations are reportedly moving fast toward a landmark Trump-Putin bilateral meeting.

Trump sent a strong warning and message on Friday, writing on Truth Social, “Based on the fact that Russia is absolutely ‘pounding’ Ukraine on the battlefield right now, I am strongly considering large scale Banking Sanctions, Sanctions, and Tariffs on Russia until a Cease Fire and FINAL SETTLEMENT AGREEMENT ON PEACE IS REACHED.”

Of course, there are already far-reaching sanctions on Russia’s banking sector, but the threat of more punitive action to come on top of what Biden put in place was accompanied by a warning to get to the table before it’s “too late”.

“To Russia and Ukraine, get to the table right now, before it is too late,” Trump added. This message seemed also geared toward building or maintaining leverage. These “large-scale” sanctions would be on top of an already significant and unprecedented sanctions regimen applied as a result of the Ukraine war.

Yet Trump plainly spoke the reality during last Friday’s meeting with Zelensky at the White House – stressing multiple times that Ukraine has “no cards” to play. Indeed as far as battlefield momentum goes, Russia holds all the cards.

Much of the international media has been focused on back-and-forth statements on the diplomatic front, but the Kremlin has continued proclaiming consistent gains in the Donbass area. As for the latest TASS reports Friday:

Russian troops liberated four communities in the Donetsk region over the week of March 1-7 in the special military operation in Ukraine, Russia’s Defense Ministry reported on Friday.

“Battlegroup Center units improved their tactical position and liberated the settlement of Andreyevka in the Donetsk People’s Republic… Battlegroup East units kept advancing deep into the enemy’s defenses and liberated the settlements of Skudnoye, Burlatskoye and Privolnoye in the Donetsk People’s Republic,” the ministry said in a statement.

Overnight also saw more major Russian strikes on Ukraine’s energy infrastructure. This included more drone assaults.

Russia’s defense ministry newly states that “Last night, the Russian Armed Forces delivered a combined strike by air-launched, sea-and ground-based long-range precision weapons and unmanned aerial vehicles on facilities of gas and power supply infrastructure of Ukraine’s military-industrial sector. The goal of the strike was achieved. All the targets were struck.”

After spending a month working on economic rapprochement with Russia and flirting with lifting sanctions, Trump now says he is close to imposing more sanctions on Russia instead pic.twitter.com/pM77AM0u5G

— max seddon (@maxseddon) March 7, 2025

As for potential new Russia sanctions, the timing is a bit ironic and Moscow is likely to pass over it in silence, seeing in it a ‘bluff’ toward building up negotiating leverage.

After all Trump actually started the week by drawing up options for sanctions relief on Russia. He’s doing a carrot-and-stick approach for both the Moscow and Kiev sides, it appears. The Kremlin is unlikely to take this new threat very seriously.