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    Is Russia Open for Business — and at What Cost?

    Investors seem open to the prospect of peace talks, but Western companies face a dilemma just three years after many retreated from the country.The return of Western businesses would be an enormous lift to President Vladimir Putin of Russia. But would they dare risk it?Pool photo by Mikhail MetzelWe’re taking a look at President Trump’s plans to consolidate control over many of the agencies that oversee business, including the S.E.C., the Federal Trade Commission, the Federal Communications Commission and the National Labor Relations Board.For years, industry has complained about the alphabet soup of agencies, which often compete with one another. Some officials argue that is a feature, not a bug, while others have called for a complete rethinking of the regulatory apparatus in the country. What do you think?Meanwhile, President Trump is expected to speak on Wednesday at the Saudi-hosted FII Priority conference in Miami Beach, the event that’s increasingly a gathering of power players including Ken Griffin of Citadel, Dara Khosrowshahi of Uber and Masa Son of SoftBank. DealBook’s Lauren Hirsch will be reporting on the ground there and we’ll bring you the latest Thursday morning.“Incredible opportunities” Frozen out of potential Russia-Ukraine peace talks, European leaders are either feeling dazed or are fuming. But investors are feeling increasingly optimistic about the prospects of the nearly three-year war ending, especially as President Trump indicates he may meet with President Vladimir Putin of Russia this month.One big question is how corporate leaders feel about U.S. and Russian officials signaling that Russia may reopen to Western businesses. Concerns like the future of Western sanctions on Moscow remain unresolved, while companies may still feel burned by their hasty and costly exodus from the country.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Right-Wing Media Praises U.S.-Russia Talks as ‘Breath of Fresh Air’

    Many of President Trump’s media allies were quick to celebrate this week’s negotiations, a contrast to the deep unease expressed by the foreign policy establishment.News that the Trump administration had agreed with Russia to try to negotiate a peace settlement for Ukraine, without including Ukraine in the talks, was a revelation that many believed reversed years of efforts to isolate Moscow.But prominent voices in the right-wing media world interpreted the development this week as cause for celebration.“Every day has kind of felt like Christmas morning, hasn’t it?” Kari Lake, the former TV news anchor who is poised to run Voice of America, said during a podcast interview on Tuesday. “President Trump wants peace for every nation.”Charlie Kirk, the co-founder of Turning Point USA and podcast host who has more than 4.6 million followers on the social media platform X, praised the discussions as “a breath of fresh air.”And Jack Posobiec, a die-hard Trump loyalist perhaps best known for spreading the infamous “Pizzagate” conspiracy theory, invoked the title of Mr. Trump’s 1987 best-selling book. “Ladies and gentlemen,” he said on his podcast, “it’s the art of the peace deal.”Secretary of State Marco Rubio, seated second from left on Tuesday in Riyadh, Saudi Arabia, was once a champion of Ukraine.Pool photo by Evelyn HocksteinWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Russia Frees American Prisoner Before Talks With U.S.

    The release of Kalob Byers Wayne, who was arrested on drug charges on Feb. 7, came on the eve of talks about the war in Ukraine.Russia released another American held on drug charges on Monday, in what the Kremlin acknowledged was a good-will gesture on the eve of talks between senior Russian and U.S. officials in Saudi Arabia.The American, Kalob Byers Wayne, 28, was arrested on Feb. 7 at a Moscow airport on charges of carrying a small amount of marijuana.In response to a question about Mr. Wayne’s release, Dmitri S. Peskov, the Kremlin’s spokesman, told reporters that the talks in Saudi Arabia on Tuesday would be about restoring relations between Moscow and Washington, and “so certain events can be viewed in this context.”It is not clear how broad the talks will be, but they will focus on the war in Ukraine. The U.S. team is led by officials that President Trump has named to negotiate an end to the war.Mr. Wayne’s arrest came as U.S. and Russian officials were making the final negotiations to free Marc Fogel, an American teacher who was arrested in August 2021 on marijuana charges. Mr. Wayne’s detention complicated those talks and may have delayed Mr. Fogel’s release, at least by a few days, according to a person briefed on the talks.In exchange for Mr. Fogel’s release, the United States released Alexander Vinnik, who was serving a sentence in connection with a cryptocurrency exchange that prosecutors said had been used to launder money.But representatives of Mr. Wayne said he was not traded but released unconditionally, as Russian officials sought to remove any potential irritants with the Trump administration before talks on the war in Ukraine.Martin De Luca and Andrew Smith, lawyers who represented Mr. Fogel, were asked to help with Mr. Wayne’s case not long after he was arrested. In a statement, they credited Mr. Trump’s recent diplomatic outreach with securing the release of both Mr. Fogel and Mr. Wayne.“Under President Trump, we are witnessing a shift in diplomatic strategy — one that prioritizes American citizens and engages directly to resolve wrongful detentions with urgency and strength,” the statement said.The release was reported earlier by The Associated Press, which identified the American as Kalob Byers.While Mr. Fogel was tried and spent years in a Russian prison, the Trump administration secured Mr. Wayne’s release just 10 days after his arrest, at Vnukovo International Airport.Mr. Wayne was traveling to Moscow with his Russian fiancée, Naida Mambetova. Both Ms. Mambetova and Mr. Wayne were questioned, and Mr. Wayne was taken into custody.Mr. Wayne’s lawyers said he had only a small amount of medically prescribed marijuana. Still, he was charged with a drug offense that carries a potential prison sentence of up to 10 years. More

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    Starmer Offers to Send U.K. Troops to Ukraine as Part of Peace Deal

    Prime Minister Keir Starmer said for the first time on Sunday that he was “ready and willing” to deploy troops to help guarantee Ukraine’s security.Prime Minister Keir Starmer on Sunday offered British troops to help guarantee Ukraine’s security as part of any peace deal, as he and other European leaders rushed to coordinate a response to President Trump’s opening of talks with Russia about ending the war in Ukraine.In an article published in The Daily Telegraph on Sunday, Mr. Starmer wrote that he was “ready and willing to contribute to security guarantees to Ukraine by putting our own troops on the ground if necessary.”It was the first time Mr. Starmer had explicitly said that he was considering sending British troops to Ukraine. It came on the eve of an emergency meeting of European leaders in Paris on Monday, to formulate a response to Mr. Trump’s push for a settlement — one that appeared to leave Europe and Ukraine with no clear role in the process.In the article, Mr. Starmer wrote that he was not committing British troops lightly. But “securing a lasting peace in Ukraine that safeguards its sovereignty for the long term is essential if we are to deter Putin from further aggression in the future,” he wrote, referring to President Vladimir V. Putin of Russia.“The end of this war, when it comes, cannot merely become a temporary pause before Putin attacks again,” Mr. Starmer added.American and Russian officials are expected to meet in Saudi Arabia this week for the start of talks aimed at ending the war. The discussions are said to be preliminary. Secretary of State Marco Rubio said on Sunday that if an opportunity presented itself for a “broader conversation,” it would include Ukraine and Europe.But the talks underscore that Mr. Trump has an accelerated timetable for reaching a deal to end the war and that he appears determined to conduct negotiations with Russia bilaterally, at least for now. Ukraine confirmed on Sunday that it would not take part in the discussions in Saudi Arabia.The meeting in Paris on Monday will include Mr. Starmer and the leaders of France, Germany, Italy, Poland, Spain, the Netherlands and Denmark, as well as top officials of the European Union and NATO. The leaders say they will discuss the war and European security.Mr. Starmer wrote in his article that he would urge the other leaders to increase military spending and take on a greater role in NATO. He added that Ukraine’s path to joining NATO was “irreversible.”Mr. Starmer, who is expected to meet with President Trump in the coming weeks, wrote that Europe and the United States must continue to work closely to secure a lasting peace deal. “A U.S. security guarantee is essential for a lasting peace, because only the U.S. can deter Putin from attacking again,” he wrote. More

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    Trump Team Leaves Behind an Alliance in Crisis

    European leaders felt certain about one thing after a whirlwind tour by Trump officials — they were entering a new world where it was harder to depend on the United States.Many critical issues were left uncertain — including the fate of Ukraine — at the end of Europe’s first encounter with an angry and impatient Trump administration. But one thing was clear: An epochal breach appears to be opening in the Western alliance.After three years of war that forged a new unity within NATO, the Trump administration has made clear it is planning to focus its attention elsewhere: in Asia, Latin America, the Arctic and anywhere President Trump believes the United States can obtain critical mineral rights.European officials who emerged from a meeting with Defense Secretary Pete Hegseth said they now expect that tens of thousands of American troops will be pulled out of Europe — the only question is how many, and how fast.And they fear that in one-on-one negotiations with President Vladimir V. Putin of Russia, Mr. Trump is on his way to agreeing to terms that could ultimately put Moscow in a position to own a fifth of Ukraine and to prepare to take the rest in a few years’ time. Mr. Putin’s ultimate goal, they believe, is to break up the NATO alliance.Those fears spilled out on the stage of the Munich Security Conference on Saturday morning, when President Volodymyr Zelensky declared that “Ukraine will never accept deals made behind our backs.” He then called optimistically for the creation of an “army of Europe,” one that includes his now battle-hardened Ukrainian forces. He was advocating, in essence, a military alternative to NATO, a force that would make its own decisions without the influence — or the military control — of the United States.Mr. Zelensky predicted that Mr. Putin would soon seek to manipulate Mr. Trump, speculating that the Russian leader would invite the new American president to the celebration of the 80th anniversary of the defeat of Nazi Germany. “Putin will try to get the U.S. president standing on Red Square on May 9 this year,” he told a jammed hall of European diplomats and defense and intelligence officials, “not as a respected leader but as a prop in his own performance.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    The Disrupter in Chief Can’t End a War Like This

    Can a nation be truly free and independent if it doesn’t possess a nuclear arsenal?That question is being answered right now, on the battlefields of eastern Ukraine. If a nation’s conventional military can stop an aggressive, nuclear-armed nation in a defensive struggle, then there is hope for the viability of conventional deterrence.If, however, a conventionally armed nation is doomed to fail — because it lacks the resources (including the allies) to defend itself — then look for more countries to pursue nuclear weapons. They will choose self-defense over subservience.So far, most of the discussion of the risk of nuclear war in Russia’s invasion of Ukraine has been focused on a perceived immediate danger — that Russia will use nuclear weapons to achieve victory on the battlefield or to retaliate for Ukraine’s use of Western weapons on Russian soil.The hovering threat of Russia’s nuclear arsenal is one explanation for the Trump administration’s shocking weakness in its dealings with Russia. It will stand tall when confronting allies like Denmark, Canada, Mexico and Panama. It will threaten war crimes when dealing with a puny, diminished military force like Hamas.But regarding Russia? Consider the following news items from the past few days alone.Donald Trump initially refused to promise that he would even include Ukraine in his negotiations with Russia, as if Ukraine were a mere pawn on the chessboard. (He reversed himself and said later that “of course” Ukraine would have a place at the table.)He spoke to Vladimir Putin on Wednesday, an event Russians celebrated. The Russian stock market soared, and a Russian lawmaker said the call “broke the West’s blockade.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Trump Aides to Meet With Russian Officials About Ukraine Next Week

    Three top foreign policy aides in the Trump administration plan to meet with Russian officials in Saudi Arabia next week to discuss a path to ending the war in Ukraine, the first substantial talks between the superpowers on the conflict.The meeting would come less than a week after President Trump spoke on the phone with President Vladimir V. Putin of Russia. Mr. Trump told reporters afterward that talks on ending Russia’s war in Ukraine would take place in Saudi Arabia. The plan for meetings next week in Riyadh was described to reporters on Saturday by a person familiar with the schedule who spoke on condition of anonymity to discuss national security concerns.The meeting will most likely draw criticism from some top Ukrainian officials. President Volodymyr Zelensky of Ukraine said Thursday that his country must be involved in any talks over its own fate, a statement he made after learning about the Trump-Putin call. Ukrainian officials fear Mr. Trump could try to reach a deal with the Russians that would not have strong security guarantees or viable terms for an enduring peace for Ukraine, which has been trying to repel a full-scale Russian invasion for three years.The top American officials who plan to attend are Marco Rubio, the secretary of state; Mike Waltz, the national security adviser; and Steve Witkoff, the Middle East envoy who also works on Ukraine-Russia issues, the person familiar with the schedule said.When asked whether any Ukrainian officials would attend, the person did not say — a sign that Ukraine will probably not take part in the talks, despite Mr. Trump saying this week that Ukrainians would participate in discussions in Saudi Arabia.Mr. Rubio and Vice President JD Vance met with Mr. Zelensky at the Munich Security Conference on Friday.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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    Ukraine Rejects U.S. Demand for Half of Its Mineral Resources

    President Volodymyr Zelensky publicly faulted the American offer, which is tied to continued aid, because it did not include security guarantees.President Volodymyr Zelensky of Ukraine, during a closed-door meeting on Wednesday, rejected an offer by the Trump administration to relinquish half of the country’s mineral resources in exchange for U.S. support, according to five people briefed on the proposal or with direct knowledge of the talks.The unusual deal would have granted the United States a 50 percent interest in all of Ukraine’s mineral resources, including graphite, lithium and uranium, as compensation for past and future support in Kyiv’s war effort against Russian invaders, according to two European officials. A Ukrainian official and an energy expert briefed on the proposal said that the Trump administration also sought Ukrainian energy resources.Negotiations are continuing, according to another Ukrainian official, who, like the others, spoke on the condition of anonymity given the sensitivity of the talks. But the expansiveness of the proposal, and the tense negotiations around it, demonstrate the widening chasm between Kyiv and Washington over both continued U.S. support and a potential end to the war.The request for half of Ukraine’s minerals was made on Wednesday, when the U.S. Treasury secretary, Scott Bessent, met with Mr. Zelensky in Kyiv, the first visit by a Trump administration official to Ukraine. The Treasury Department declined to comment about any negotiation.After seeing the proposal, the Ukrainians decided to review the details and provide a counterproposal when Mr. Zelensky visited the Munich Security Conference on Friday and met with Vice President JD Vance, according to the official.It is not clear if a counterproposal was presented.Mr. Zelensky, speaking to reporters in Munich on Saturday, acknowledged he had rejected a proposal from the Trump administration. He did not specify what the terms of the deal were, other than to say that it had not included security guarantees from Washington.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More