US President Donald Trump announced the cancellation of an upcoming summit with Russian President Vladimir Putin on Wednesday, explaining the decision was based on an instinct that the meeting would not yield progress. The announcement, made alongside NATO Secretary General Mark Rutte at the White House, was followed by the imposition of significant new US sanctions targeting Russia’s energy sector.

Trump voiced clear frustration over the lack of tangible results from his engagements with the Kremlin. “Every time I speak with Vladimir, I have good conversations, and then they don’t go anywhere,” the president told reporters. He indicated the canceled summit was a result of this pattern, feeling it would not lead to a necessary breakthrough, though he left open the possibility for future talks.

The diplomatic shift was immediately reinforced with economic measures. The US administration announced new sanctions on Russia’s two largest oil corporations, Rosneft and Lukoil, directly citing Moscow’s “lack of serious commitment” to a peace process for the Ukraine war. Trump described the sanctions as “tremendous” and stated he “just felt it was time” to escalate pressure, while expressing hope they would not remain in place for long.

In a related development, President Trump appeared to rule out supplying Ukraine with Tomahawk cruise missiles. He cited the weapon’s complexity, stating it requires up to a year of intense training to operate—training the US is not prepared to provide. This decision limits the long-range strike capabilities available to Ukrainian forces as they continue to counter the Russian military.