President Trump Declares 'Energy Ceasefire' Between Russia and Ukraine
Key Takeaways
- •President Trump declared an immediate 'energy ceasefire' between Russia and Ukraine in a Truth Social post, stating that both parties had agreed.
- •Zelensky initially said the announcement was news to him but quickly voiced support on X, urging Russia to back the truce while awaiting details from the American side.
- •This is the energy-ceasefire announcement by Trump, following a U.S.-brokered mutual halt to strikes on energy infrastructure in March 2025.
- •Bitcoin gained more than 1% to $83,900 after Zelensky's supportive response, while oil and crypto had stayed near flat following the initial declaration.
- •The announcement arrives less than a month before the U.S. midterm elections, with Polymarket placing the odds of a Democratic House and Senate sweep at 62%.
President Trump Declares 'Energy Ceasefire' Between Russia and Ukraine
President Trump declared an "energy ceasefire" between Russia and Ukraine, a move that drew an initially cautious — and then supportive — response from Ukrainian President Zelensky.
"Effective immediately, there is an ENERGY CEASEFIRE in the War between Russia and Ukraine," Trump said in a Sunday morning post on Truth Social. "Both parties have agreed. Do not break it!"
Zelensky's initial reaction was guarded. Reporting for Axios, Barak Ravid said the Ukrainian president told him: "The ceasefire announcement was news for me. But if Russians agree to an energy ceasefire, Ukraine will agree."
Minutes later, however, Zelensky struck a more supportive tone on X: "Ukraine supports the ceasefire, and it is important that Russia support it as well. We are awaiting details from the American side. For our part, Ukraine always FULLY supports steps toward de-escalation, the protection of lives, and the decisions needed to end the war and guarantee lasting peace." The scope of the truce and whether Moscow issues its own confirmation are the immediate items to watch.
According to Bloomberg's Javier Blas, this is the second time President Trump has made a similar announcement. The first came in March 2025, when Washington brokered a mutual halt to strikes on energy infrastructure — a category of attacks that has repeatedly knocked out power across Ukraine since Russia's full-scale invasion began in February 2022. Russia is also one of the world's largest oil exporters, keeping its energy facilities on commodity traders' radar throughout the war.
Markets initially showed no reaction to the Trump posting, with both oil and crypto remaining near flat from Friday. Things began moving, however, after Zelensky's response, with crypto markets moving higher and bitcoin gaining more than 1% to $83,900.
The announcement arrives less than one month before the U.S. midterm elections. Per Polymarket, the odds of a Democratic sweep of both the House and Senate have steadily risen for months, now sitting at 62%. Whether this latest news is a real peace deal or an attempt by the president to notch some sort of win before the elections remains to be seen.
- (16:55 UTC): Includes follow-up comments from Zelensky and subsequent bitcoin price movement.*
This article originally appeared on CoinDesk.
