US to confiscate $5.4 million from Russian oligarch, Ukraine may receive funds

The news comes as the U.S. president is set to meet Russian President Vladimir Putin for a high-level summit on Aug. 15 in Alaska to discuss ways toward ending the war in Ukraine.

"For more than 35 years, Armenia and Azerbaijan have fought a bitter conflict that resulted in tremendous suffering for both nations… Many tried to find a resolution… and they were unsuccessful. With this accord, we’ve finally succeeded in making peace," U.S. President Donald Trump said.

Russian President Vladimir Putin introduced a sweeping proposal for a ceasefire in Ukraine during a meeting with U.S. envoy Steve Witkoff, offering a halt in hostilities in exchange for Ukraine's eastern regions, the Wall Street Journal (WSJ) reported on Aug. 8, citing European and Ukrainian officials.

"It is legitimate and lawful for China to conduct normal economic, trade and energy cooperation with all countries around the world, including Russia," China's Foreign Ministry said in response to question about Russian oil purchases posed by Bloomberg. "We will continue to adopt reasonable energy security measures in accordance with our national interests."

"The highly anticipated meeting between myself, as President of the United States of America, and President Vladimir Putin, of Russia, will take place next Friday, August 15, 2025, in the Great State of Alaska," Trump wrote on Truth Social, adding that "further details will follow."

Russian President Vladimir Putin presented the Order of Lenin award to U.S. envoy Steve Witkoff to pass along to a senior CIA official whose son died fighting for Russia in Ukraine, CBS News reported on Aug. 8.

U.S. President Donald Trump told reporters on Aug. 8 that a potential peace deal between Moscow and Kyiv would likely include "some swapping of territories," as Trump prepares to hold a summit with Russian President Vladimir Putin next week.

The EU Council approved a regular tranche payment of 3.2 billion euros ($3.7 billion) under the Ukraine Facility mechanism on Aug. 8, a smaller amount than initially planned due to Kyiv's failure to complete key reforms.

A summit between U.S. President Donald Trump and Russian President Vladimir Putin is tentatively scheduled to occur late next week, NBC News reported on Aug. 8, citing a senior White House official.

According to the sources, the memorandum permits the Pentagon to reclaim weapons produced for Ukraine under the U.S. Ukraine Security Assistance Initiative (USAI) and return them to U.S. stockpiles.

"They (Russian troops) are now regrouping for further attempts, but remain positioned in Donetsk Oblast," said Victor Tregubov, spokesperson of the Dnipro group of forces.

"Parents of some of them were killed by occupation authorities, others were simply issued Russian identification documents to legitimize their abduction," said Mykola Kuleba, head of the Save Ukraine organization.

At the start of Russia’s full-scale invasion, foreigners flocked to Ukraine to join its defense against Russian forces. More than three years later, the foreign fighters who remain are a different breed — driven by a deep commitment to Ukraine.