Donald Trump’s efforts to broker peace between Russia and Ukraine have largely taken a backseat to events in Gaza. But a recent call with Vladimir Putin, followed by a tense meeting with Volodymyr Zelensky, has reignited America’s engagement. Washington has announced new sanctions against two Russian oil giants, Rosneft and Lukoil, just as European leaders advance plans to tap frozen Russian assets.

This week, Jeremy Shapiro, ECFR research director and head of its Washington office, is joined by Jana Kobzova, co-director of ECFR’s European Security programme and former foreign policy adviser to Slovak president Zuzana Čaputová, and Jim O’Brien, former assistant secretary of state for European and Eurasian affairs in the Biden administration and an ECFR distinguished visiting fellow. Together, they unpack Trump’s sanctions gamble, Europe’s shifting strategy on Russian energy—and whether these moves could alter the course of the war.

Bookshelf section:

The Tech Coup: How to Save Democracy from Silicon Valley by Marietje Schaake

This episode was recorded on October 23rd 2025.

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