“I’m going to have to know that we’re going to make a deal,” Trump told reporters aboard Air Force One after taking off from Al Udeid Air Base in Qatar, when asked about arranging a meeting with Putin. “I’m not going to be wasting my time. I’ve always had a great relationship with Vladimir Putin, but this has been very disappointing.”

He said he thought the war in Ukraine would have been resolved “long before” the peace deal between Israel and Hamas.

“We have Azerbaijan and Armenia. That was very tough,” Trump added, referring to the peace summit he hosted at the White House between the two countries.

TRUMP FREEZES OUT PUTIN FOR LACK OF ‘ENOUGH ACTION’ TOWARD PEACE — FUTURE TALKS UNCERTAIN

President Donald Trump speaks with reporters aboard Air Force One at Al Udeid Air Base in Doha, Qatar, Saturday.  (AP Photo/Mark Schiefelbein)

“In fact, Putin told me on the phone, he said, ‘Boy, that was amazing,’ because everybody tried to get that done, and they couldn’t. I got it done. You had others. If you look at India and Pakistan, I could say almost any one of the deals that I’ve already done, I thought would have been more difficult than Russia, than Ukraine, but it didn’t work out that way.

“There’s a lot of hatred between the two, between [Ukrainian President Volodymyr] Zelenskyy and Putin, there’s tremendous hatred.”

President Donald Trump, right, shakes the hand of Russia’s President Vladimir Putin during a joint press conference at Joint Base Elmendorf-Richardson, Alaska, Aug. 15, 2025.  (AP Photo/Jae C. Hong, File)

Earlier this week, Trump said he had called off a planned meeting with Putin in Budapest to discuss the war because he saw it as a “waste of time.”

Trump announced the Budapest meeting last week, saying it could happen within the next two weeks.

Ukrainian President Volodymyr Zelenskyy speaks with President Donald Trump before a lunch in the Cabinet Room of the White House Oct. 17, 2025. (AP Photo/Alex Brandon)

He also announced sanctions against Russia this week.

Trump and Putin last met in Alaska in August, but no deal was reached following the summit.

Trump met with Zelenskyy last week at the White House, where he seemingly denied Ukraine’s request for Tomahawk long-range missiles.

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The president also said that, in his meeting with Chinese President Xi Jinping next week, he wants a “complete [trade] deal.”

“I want our farmers to be taken care of, and he wants things also,” Trump said. “We’re going to be talking about fentanyl, of course. Fentanyl is killing a lot of people, a lot people. It comes from China, and we’ll be talking a lot about that. We’ll be talking about a lot things. I think we have a really good chance of making a very comprehensive deal.”

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The measures, announced Wednesday, target Rosneft and Lukoil, key pillars of Russia’s energy sector, and mark the administration’s most significant sanctions package since Trump returned to office. But they also come after years of similar Western actions that have failed to slow Moscow’s military campaign.

“We canceled the meeting with President Putin. It just, it didn’t feel right to meet. It didn’t feel like we were going to get to the place we have to get,” Trump said Wednesday. “So I canceled it, but we’ll do it in the future.”

“Every time I speak to Vladimir, I have good conversations and then they don’t go anywhere. They just don’t go anywhere,” Trump added. Asked why he had chosen to impose sanctions on oil majors Lukoil and Rosneft now, he said, “I just felt it was time, we’ve waited a long time.”

WITKOFF SCRAMBLES FOR PEACE DEAL WITH RUSSIA AS SANCTIONS LOOM TARGETING INDIA, CHINA

Last week, Zelenskyy visited Washington hoping to secure a deal on Tomahawk missiles. But Putin got ahead of the meeting with a two-and-a-half-hour phone call with Trump one day earlier — and the Tomahawk deal was no more. ( Ukrainian Presidency / Handout/Anadolu via Getty Images)

The Treasury Department announced the designations under Executive Order 14024 for operating in the energy sector of the Russian Federation economy. The sanctions freeze all U.S.-linked assets belonging to Rosneft and Lukoil and prohibit American entities from doing business with them. Dozens of subsidiaries are also affected, effectively extending the restrictions across much of Russia’s global oil and gas network.

“Given President Putin’s refusal to end this senseless war, Treasury is sanctioning Russia’s two largest oil companies that fund the Kremlin’s war machine,” said Treasury Secretary Scott Bessent. “Treasury is prepared to take further action if necessary to support President Trump’s effort to end yet another war.”

China’s state oil giants have already begun suspending purchases of seaborne Russian crude following the U.S. sanctions. According to multiple trade sources cited by Reuters, PetroChina, Sinopec, CNOOC and Zhenhua Oil have halted short-term deals with Rosneft and Lukoil, citing compliance concerns.

The pullback — along with reports that Indian refiners are sharply cutting imports from Moscow — is expected to strain Russia’s oil revenues and tighten global supply, driving up prices for non-sanctioned crude from the Middle East, Africa and Latin America.

Chinese embassy spokesperson Liu Pengyu told Fox News Digital in response to the report: “China’s normal energy cooperation with other countries in the world, including Russia, is legitimate and legal, and China opposes any form of unilateral sanctions and economic coercion.”

TRUMP AND PUTIN’S RELATIONSHIP TURNS SOUR AS PRESIDENT PUSHES FOR RESOLUTION WITH UKRAINE

The sanctions were announced just days after Trump abruptly canceled plans for a trilateral summit in Hungary with Putin and Ukrainian President Volodymyr Zelenskyy — a meeting that had been billed as a potential breakthrough in efforts to end the conflict. The reversal continues a pattern that has defined Trump’s approach to Russia since returning to office: alternating bursts of engagement and confrontation that make it difficult for allies and adversaries to predict his next move.

President Donald Trump, Russian President Vladimir Putin, and Ukrainian President Volodymyr Zelenskyy were on track for a historic summit in Hungary — until the plans were abruptly scrapped. ( REUTERS/Kevin Lamarque)

Last week, Zelenskyy visited Washington hoping to secure a deal for Tomahawk long-range missiles. But Putin preempted the meeting with a two-and-a-half-hour call with Trump the day before — and the missile deal evaporated.

“Now is the time to stop the killing and for an immediate ceasefire,” Bessent said in announcing the sanctions. “A permanent peace depends entirely on Russia’s willingness to negotiate in good faith.”

Analysts say the sanctions are aimed at regaining leverage and forcing both Moscow and Kyiv back to the negotiating table after months of stalemate. Trump would often meet with one side or the other and come out more sympathetic to the viewpoint of whoever he’d just met with.

An unnamed diplomat told Fox News Digital, “It’s fundamentally making both sides think they can manipulate him. Which doesn’t make either side want to negotiate, because both believe they can still rally Trump to their side.”

Now, Trump says he doesn’t want to “waste time.”

TRUMP DEMANDS NATO ALLIES HALT RUSSIAN OIL PURCHASES BEFORE NEW US SANCTIONS

Andrew D’Anieri, associate director of the Atlantic Council’s Eurasia Center, said the sanctions are a welcome step but only part of a broader effort required to curb Russia’s war financing. “The Trump administration’s decision to sanction Russian oil majors Rosneft and Lukoil is a welcome move to make it more difficult for Russia to continue its war on Ukraine,” he said. “It’s significant that these designations come just a week after the U.K. sanctioned the same entities; sanctions have a greater effect when Western countries work in concert.”

He cautioned, however, that implementation will determine the outcome. “Enforcement of these sanctions will be the key to cutting into Moscow’s oil revenues,” D’Anieri said. “Those who do purchase Russian oil will demand a steep discount for evading U.S. sanctions, which itself will hurt Russian revenues.”

War in Ukraine has dragged on for over three and a half years.  (Vladyslav Ukolov/Suspilne Ukraine/JSC "UA:PBC"/Global Images Ukraine via Getty Images)

“If Trump truly wants to end the war, he should continue to ratchet up the pressure on Moscow, including the threat of secondary sanctions and further military aid to Ukraine,” he added. “This one move alone won’t be enough to get Putin to negotiate in good faith, but it’s a step in the right direction.”

Former National Security Council official Jason Israel described the difference between the Biden and Trump approaches as one of philosophy, not objective. “Both want to help Ukraine negotiate from strength and avoid direct NATO involvement,” he said. “But Biden worked through European partners to uphold the rules-based order. Trump has taken a more transactional approach — selling weapons to Ukraine funded by European partners — with the goal of speeding negotiations and shifting more of the cost to allies.”

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Trump has long emphasized that he wants to end the war and avoid indefinite U.S. involvement. “Let it be cut the way it is,” he said earlier this month, referring to Ukraine’s divided territory. “It’s cut up right now… They can negotiate something later on down the line. But for now, both sides of the conflict should stop at the battle line — go home, stop fighting, stop killing people.”

The sanctions, coupled with the canceled summit, suggest a new phase in Trump’s balancing act: applying economic pressure while leaving the door open to a future deal. “I don’t want to have a wasted meeting; I don’t want to have a waste of time,” Trump told reporters Tuesday.

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The Lithuanian armed forces said that at approximately 6:00 p.m. local time on Thursday, two Russian aircraft — an SU-30 and an IL-78 — flew about 765 yards into Lithuanian airspace, The Associated Press reported. The aircraft allegedly flew away after approximately 18 seconds.

“This evening, Russian military planes violated Lithuanian airspace. This is a blatant breach of international law and territorial integrity of Lithuania. Once again, it confirms the importance of strengthening European air defense readiness,” Lithuanian President Gitanas Nausėda posted on X.

NATO WARNS RUSSIA AFTER POLAND SHOOTS DOWN ‘HUGE NUMBER’ OF DRONES THAT VIOLATED ITS AIRSPACE

Lithuania accused Russia of violating its airspace, leading to the scrambling of two jets on a NATO mission. (Thierry Monasse/Getty Images; Sputnik/Alexander Kazakov/Pool via Reuters)

Nausėda announced that the Lithuanian Ministry of Foreign Affairs would summon representatives from the Russian embassy in Vilnius “to protest against reckless and dangerous behavior.” The ministry later confirmed on X that the Russian charge d‘affaires was summoned in protest of the airspace violation.

“Russia must cease its aggressive behavior, respect international law and the borders of neighboring states,” the ministry said in a post on X.

Russia’s defense ministry denied Lithuania’s claim, saying that SU-30 fighter jets were conducting training flights over the Kaliningrad region in strict compliance with the rules, the AP reported.

“The aircraft did not deviate from their flight route or violate the borders of other states, as confirmed by objective monitoring means,” the ministry said, according to the AP.

Russian President Vladimir Putin holds his annual end-of-year press conference in Moscow on Dec. 19, 2024. (Alexander Nemenov/AFP via Getty Images)

RUSSIAN JETS CARRYING BALLISTIC MISSILES VIOLATE ESTONIAN AIRSPACE, FOREIGN MINISTER SAYS

Baltic nations have been on heightened alert amid Russia’s ongoing war with Ukraine, according to the AP. The outlet added that the recent airspace incursions have fueled fears that Russian President Vladimir Putin could be testing NATO, though Moscow has denied this.

Poland, Denmark and Romania, which are all NATO member states, reported airspace violations by Russian drones in the last few months. In August, Romania was forced to scramble F-16 jets after Russia carried out a strike just half a mile from its territory as U.S. Special Envoy Steve Witkoff met with Putin ahead of the Kremlin leader’s Alaska summit with President Donald Trump.

Earlier this week, Trump called off a meeting with Putin that was set to take place in Budapest, Hungary. While the White House did not rule out the possibility of a future summit, Trump has criticized Putin for his lack of action to move toward peace with Ukraine.

President Donald Trump canceled a summit with Russian leader Vladimir Putin. (Getty Images)

Trump “feels as though, unfortunately, from the Russian side as of late, he has not seen enough interest in enough action in terms of moving the ball forward toward peace,” White House press secretary Karoline Leavitt told reporters Thursday.

“And so a meeting between these two leaders is not completely off the table. I think the president and the entire administration hope that one day that can happen again, but we want to make sure that there’s a tangible positive outcome out of that meeting, and that it’s a good use of the president’s time,” she added.

While sitting with NATO Secretary-General Mark Rutte in the Oval Office, Trump told reporters that the meeting was canceled and that “it didn’t feel right” to him.

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“It just didn’t feel right to me,” Trump said Wednesday. “It didn’t feel like we were going to get to the place we have to get, so I canceled it, but we’ll do it in the future.”

No plans for a future meeting have been announced since the cancellation of the summit in Hungary.

Fox News Digital’s Diana Stancy contributed to this report.

Rachel Wolf is a breaking news writer for Fox News Digital and FOX Business.

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