Russia, Ukraine Agree to Sea, Energy Truce; Washington Seeks Easing of Sanctions 

 Ukraine's President Volodymyr Zelenskiy speaks during a press conference, amid Russia's attack on Ukraine, in Kyiv, Ukraine March 25, 2025. (Reuters)
Ukraine's President Volodymyr Zelenskiy speaks during a press conference, amid Russia's attack on Ukraine, in Kyiv, Ukraine March 25, 2025. (Reuters)
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Russia, Ukraine Agree to Sea, Energy Truce; Washington Seeks Easing of Sanctions 

 Ukraine's President Volodymyr Zelenskiy speaks during a press conference, amid Russia's attack on Ukraine, in Kyiv, Ukraine March 25, 2025. (Reuters)
Ukraine's President Volodymyr Zelenskiy speaks during a press conference, amid Russia's attack on Ukraine, in Kyiv, Ukraine March 25, 2025. (Reuters)

The United States reached separate deals on Tuesday with Ukraine and Russia to pause their attacks at sea and against energy targets, with Washington agreeing to push to lift some sanctions against Moscow. 

While it was not clear when or how the Black Sea maritime security deals would start, the agreements are the first formal commitments by the two warring sides since President Donald Trump's inauguration. Trump is pushing for an end to the war in Ukraine and a rapid rapprochement with Moscow that has alarmed Kyiv and European countries. 

The US agreement with Russia goes further than the agreement with Ukraine, with Washington committing to help seek the lifting of international sanctions on Russian agriculture and fertilizer exports, long a Russian demand. 

Shortly after the US announcements, the Kremlin said the Black Sea agreements would not come into effect unless links between some Russian banks and the international financial system were restored. 

Ukrainian President Volodymyr Zelenskiy said his understanding was that the truce agreements did not require sanctions relief to come into force and would take effect immediately, calling the Kremlin's statement an attempt to "manipulate" the deals. 

"They are already trying to distort agreements and, in fact, deceive both our intermediaries and the entire world," Zelenskiy said in his nightly video address. 

Kyiv and Moscow both said they would rely on Washington to enforce the deals, while expressing skepticism that the other side would abide by them. 

"We will need clear guarantees," said Russian Foreign Minister Sergei Lavrov. "And given the sad experience of agreements with just Kyiv, the guarantees can only be the result of an order from Washington to Zelenskiy and his team to do one thing and not the other." 

Zelenskiy said if Russia violated them he would ask Trump to impose additional sanctions on Moscow and provide more weapons for Ukraine. 

"We have no faith in the Russians, but we will be constructive," he said. 

In the hours following the announcements, both Russia and Ukraine accused each other of launching drone attacks, but there were no immediate reports of hits on Black Sea or energy targets. 

Meanwhile Trump, in an interview with Newsmax, acknowledged that Russia could be trying to delay ending the war. 

"I think that Russia wants to see an end to it, but it could be they're dragging their feet. I've done it over the years," he said. 

BROADER TRUCE PROSPECTS 

The deals were reached after parallel talks in Saudi Arabia that followed separate phone calls last week between Trump and the two presidents, Zelenskiy and Vladimir Putin. 

If implemented, the deals could be the first significant step toward Trump's goal to achieve a more encompassing ceasefire in the war in Ukraine that Russia started with its full-scale invasion three years ago. 

Putin rejected Trump's proposal for a full ceasefire lasting 30 days, which Ukraine had previously endorsed. 

"We are making a lot of progress," Trump told reporters on Tuesday, while adding there was "tremendous animosity" in the talks. 

"There's a lot of hatred, as you can probably tell, and it allows for people to get together, mediated, arbitrated, and see if we can get it stopped. And I think it will work." 

Washington has softened its rhetoric towards Russia in recent days, with Trump envoy Steve Witkoff saying he did not "regard Putin as a bad guy," alarming European officials who consider the Russian leader a dangerous enemy. 

Lavrov, a veteran Russian diplomat at the helm of the foreign ministry since 2004, said the optimism of Witkoff who said that truce could come soon does not take into consideration the European allies of Kyiv. 

"He (Witkoff) significantly overestimates the elites of European countries, who want to 'hang like a stone around the neck' of Zelenskiy, so as not to allow him to 'give in'," Lavrov said. 

Ukraine and its European allies fear Trump could strike a hasty deal with Putin that undermines their security and caves in to Russian demands, including for Kyiv to abandon its NATO ambitions and give up land claimed by Moscow. 

PAUSE ON ATTACKS ON ENERGY FACILITIES 

The Kremlin said late on Tuesday that it had agreed with the US side that there would be a pause in attacks on energy targets in both Russia and Ukraine for 30 days from March 18, when Putin first discussed it with Trump, and that it was open to extending the deal. 

Ukraine had said last week it would accept such a pause only after a formal agreement. 

Russia has pounded Ukraine's power grid with missiles and drones and Kyiv has launched long-range strikes on Russian oil and gas targets in attacks that have become a major aspect of the war to undermine each other's war efforts. 

While the pause in attacks on energy targets is a new initiative, the Black Sea maritime security deals address an issue that was critical early in the war, when Russia imposed a de facto naval blockade on Ukraine, one of the world's biggest grain exporters, worsening a global food crisis. 

More recently, maritime battles have been a comparatively small part of the war since Russia withdrew its naval forces from the eastern Black Sea after a number of successful Ukrainian attacks. 

Kyiv has been able to reopen its ports and resume exports at around pre-war levels, despite the collapse of a previous UN-brokered Black Sea shipping agreement, but its ports have come under regular air attack. Zelenskiy said the agreement would bar such strikes. 

Ukrainian Defense Minister Rustem Umerov said Kyiv would regard any movement of Russian military vessels outside the eastern part of the Black Sea as a violation and a threat, in which case Ukraine would have full right to self-defense. 

Moscow said the agreement would require sanctions relief including restoring links between Russia's agricultural export bank and the SWIFT international payments system. That and other steps could require agreement from European countries. 



Russia Releases Video Footage to Challenge Kyiv Over Alleged Attack

A Russian service member stands next to the remains of a drone, which, according to the Russian Defense Ministry, was downed during the repelling of an alleged Ukrainian attack on the Russian presidential residence in the Novgorod Region, in an unknown location in Russia, in this still image from a video released December 31, 2025. (Russian Defense Ministry/Handout via Reuters)
A Russian service member stands next to the remains of a drone, which, according to the Russian Defense Ministry, was downed during the repelling of an alleged Ukrainian attack on the Russian presidential residence in the Novgorod Region, in an unknown location in Russia, in this still image from a video released December 31, 2025. (Russian Defense Ministry/Handout via Reuters)
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Russia Releases Video Footage to Challenge Kyiv Over Alleged Attack

A Russian service member stands next to the remains of a drone, which, according to the Russian Defense Ministry, was downed during the repelling of an alleged Ukrainian attack on the Russian presidential residence in the Novgorod Region, in an unknown location in Russia, in this still image from a video released December 31, 2025. (Russian Defense Ministry/Handout via Reuters)
A Russian service member stands next to the remains of a drone, which, according to the Russian Defense Ministry, was downed during the repelling of an alleged Ukrainian attack on the Russian presidential residence in the Novgorod Region, in an unknown location in Russia, in this still image from a video released December 31, 2025. (Russian Defense Ministry/Handout via Reuters)

Russia's defense ministry released video footage on Wednesday of what it said was a downed drone at a briefing intended to show Ukraine tried this week to attack a presidential residence and challenge Kyiv's denials that such an attack took place. 

Kyiv says Moscow has produced no evidence to support its allegations and that Russia invented the alleged attack to block progress at talks on ‌ending the war ‌in Ukraine. Officials in several ‌Western ⁠countries have ‌cast doubt on Russia's version of events and questioned whether there was any attack. 

Video footage released by Russia's defense ministry showed a senior officer, Major-General Alexander Romanenkov, setting out details of how Moscow says it believes Ukraine attacked one of President Vladimir Putin's residences in ⁠the Novgorod region. 

Romanenkov said 91 drones had been launched from Ukraine's Sumy ‌and Chernihiv regions in a "thoroughly ‍planned" attack that he said ‍was thwarted by Russian air defenses, caused ‍no damage and injured no one. 

The video released by the ministry included footage of a Russian serviceman standing next to fragments of a device which he said was a downed Ukrainian Chaklun-V drone carrying a 6-kg explosive device which had not detonated. 

The ministry did ⁠not explain how it knew what the device's target was. 

Speaking to Reuters, Ukrainian Foreign Ministry spokesperson Heorhii Tykhyi said the footage was "laughable" and that Kyiv was "absolutely confident that no such attack took place". 

Reuters could not confirm the location and the date of the footage showing fragments of a destroyed device. The model of the destroyed device could not be immediately verified. 

Other footage featured a man, identified as Igor Bolshakov from a ‌village in the Novgorod region, saying he had heard air defense rockets in action. 


China Slams Countries That Criticized Taiwan Drills as 'Irresponsible'

A screen broadcasting news about military drills conducted by China around Taiwan is seen on a street in Beijing, China, 30 December 2025. (EPA)
A screen broadcasting news about military drills conducted by China around Taiwan is seen on a street in Beijing, China, 30 December 2025. (EPA)
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China Slams Countries That Criticized Taiwan Drills as 'Irresponsible'

A screen broadcasting news about military drills conducted by China around Taiwan is seen on a street in Beijing, China, 30 December 2025. (EPA)
A screen broadcasting news about military drills conducted by China around Taiwan is seen on a street in Beijing, China, 30 December 2025. (EPA)

Beijing slammed on Wednesday countries including Japan and Australia for their "irresponsible" criticism of China's military drills in waters around Taiwan.

China launched missiles and deployed dozens of fighter jets, navy ships and coastguard vessels around the island on Monday and Tuesday in live-fire drills.

There has been a chorus of international criticism of China's drills, including from Japan, Australia and European countries.

Japan said Wednesday that China's exercises "increase tensions" across the Taiwan Strait, while Australia's foreign ministry condemned the "destabilizing" military drills.

The European Union on Tuesday said the military activity "endangers international peace and stability".

Beijing on Wednesday hit back at the remarks.

"These countries and institutions are turning a blind eye to the separatist forces in Taiwan attempting to achieve independence through military means," foreign ministry spokesman Lin Jian told reporters at a news briefing.

"Yet, they are making irresponsible criticisms of China's necessary and just actions to defend its national sovereignty and territorial integrity, distorting facts and confusing right and wrong, which is utterly hypocritical."

Lin said Beijing appreciated countries such as Russia, Pakistan and Venezuela expressing their support for China.

"We want to reiterate China's unwavering resolve for safeguarding national sovereignty, security and territorial integrity," he added.

"Any egregious provocative act that crosses the line on the Taiwan issue will be met with a firm counter from China."


Iran Appoints New Central Bank Governor After Record Currency Fall and Mass Protests

A person walks past a sign at a currency exchange, as the value of the Iranian rial drops, in Tehran, Iran, December 30, 2025. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
A person walks past a sign at a currency exchange, as the value of the Iranian rial drops, in Tehran, Iran, December 30, 2025. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
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Iran Appoints New Central Bank Governor After Record Currency Fall and Mass Protests

A person walks past a sign at a currency exchange, as the value of the Iranian rial drops, in Tehran, Iran, December 30, 2025. Majid Asgaripour/WANA (West Asia News Agency) via Reuters
A person walks past a sign at a currency exchange, as the value of the Iranian rial drops, in Tehran, Iran, December 30, 2025. Majid Asgaripour/WANA (West Asia News Agency) via Reuters

Iran on Wednesday appointed a new governor to the central bank after the former one resigned following a record currency fall against the US dollar that sparked large protests.

The plummeting of the rial, Iran's currency, sparked the largest protests in the country in three years, with rallies that began Sunday and continued until Tuesday.

A report by the official IRNA news agency said President Masoud Pezeshkian’s Cabinet appointed Abdolnasser Hemmati, a former economics minister, as new governor of the Central Bank of Iran. He replaces Mohammad Reza Farzin, who resigned on Monday.

Experts say a 40% inflation rate led to public discontent. The US dollar traded at 1.38 million rials on Wednesday, compared to 430,000 when Farzin took office in 2022.

Many traders and shopkeepers closed their businesses and took to the streets of Tehran and other cities to protest.

The new governor's agenda will included a focus on controlling inflation and strengthening the currency, as well as addressing the mismanagement of banks, the government’s spokeswoman Fatemeh Mohajerani wrote on X.

Hemmati, 68, previously served as minister of economic and financial affairs under Pezeshkian.

In March parliament dismissed Hemmati for alleged mismanagement and accusations his policies hurt the strength of Iran’s rial against hard currencies.

A combination of the currency's rapid depreciation and inflationary pressure has pushed up the prices of food and other daily necessities, adding to strain on household budgets already under pressure due to Western sanctions on Iran over its nuclear program.

Inflation is expected to worsen with a gasoline price change introduced in recent weeks.

Iran’s currency was trading at 32,000 rials to the dollar at the time of the 2015 nuclear accord that lifted international sanctions in exchange for tight controls on Iran’s nuclear program. That deal unraveled after President Donald Trump unilaterally withdrew the United States from it in 2018, during his first term.