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Headlines

Trump-Putin summit cancelled after Moscow sent memo to Washington, FT reports

Published by Global Banking & Finance Review

Posted on October 31, 2025

1 min read

· Last updated: January 21, 2026

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(Reuters) -The United States has cancelled a planned Budapest summit between President Donald Trump and Russian President Vladimir Putin following Russia's firm stance on hardline demands regarding

Trump and Putin Summit in Budapest Canceled Over Russia's Demands

(Reuters) -The United States has cancelled a planned Budapest summit between President Donald Trump and Russian President Vladimir Putin following Russia's firm stance on hardline demands regarding Ukraine, the Financial Times reported on Friday.

The decision came after a tense call between the two countries' top diplomats, the Financial Times said.

Reuters could not immediately verify the FT report.

(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Jacqueline Wong)

Key Takeaways

The US canceled the Trump-Putin summit in Budapest.
Russia's demands regarding Ukraine led to the cancellation.
The decision followed a tense diplomatic call.
Financial Times reported the news, Reuters could not verify.
The summit was planned between Trump and Putin.

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A financial crisis is a situation where the value of financial institutions or assets drops significantly, leading to a loss of confidence and potential economic downturn.

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Foreign currency refers to the money that is used in other countries, which can be exchanged for the local currency. It plays a crucial role in international trade and finance.

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Economic growth is the increase in the production of goods and services in an economy over a period of time, typically measured by the rise in GDP.

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The president often influences economic policy and financial regulations, impacting national and international financial stability and growth through legislative and executive actions.

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Trump-Putin summit cancelled after Moscow sent memo to Washington, FT reports

Trump and Putin Summit in Budapest Canceled Over Russia's Demands

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