If the price of oil drops, Russian President Vladimir Putin will end the war with Ukraine, U.S. President Donald Trump said on Thursday (September 18, 2025), suggesting that European countries, India, and China stopping the purchase of Russian oil was key to this.
Mr. Trump’s comments were made during a joint press conference at Chequers, the official country residence of British Prime Minister Keir Starmer, at the end of his two-day state visit to the U.K.
Over the weekend, Mr. Trump had said EU and North Atlantic Treaty Organisation (NATO) military alliance countries should altogether stop oil purchases from Russia. Last week, the U.S. administration was reportedly attempting to persuade European countries to apply secondary tariffs of up to 100% on India and China for their trade with Russia.
“Very simply, if the price of oil comes down Putin will settle. He’s going to have no choice. He’s going to drop out of that war,” Mr. Trump said, and he brought India into the picture as well.
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