Western leaders warn Putin is buying time as U.K. and EU announce sanctions targeting Russia's military, energy, and illegal oil transport amid ongoing Ukraine conflict.

President Trump said Russia and Ukraine will immediately begin ceasefire talks after his separate phone calls with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy. Michael O'Hanlon,

Putin said efforts to end the war were "generally on the right track" and that Moscow was ready to work with Ukraine on a potential peace deal.