Hours after US President Donald Trump and Russian President Vladimir Putin concluded a 55-minute phone call on ending the war, Russian forces launched drone and missile attacks on Ukrainian cities, including Kyiv.

Kremlin adviser Yuri Ushakov characterized the June 14 discussion as “friendly and frank,” a diplomatic signal indicating sharp disagreements. Ukrainian President Volodymyr Zelenskyy also spoke with Trump that day, underscoring Kyiv’s insistence on a seat at the negotiating table.

Since early 2025, military strikes have frequently followed Trump-Putin conversations. Diplomacy remains effectively stalled, despite ongoing outreach. For investors, the immediate consequence of heightened geopolitical risk is a typical flight to safer assets. Market observers are advised to monitor concrete ceasefire proposals and Bitcoin’s performance relative to traditional safe havens like gold and US Treasuries during escalation events.