Trump's envoy Witkoff meets Putin ahead of ceasefire deadline

White House envoy Steve Witkoff met Russian President Vladimir Putin for three hours at the Kremlin on Wednesday. Why it matters: The meeting took place ahead of President Trump's ceasefire-or-sanctions deadline for Putin, which will expire on Friday. Barring an unforeseen breakthrough before then, the U.S. will impose new sanctions on Russia for the first time since Trump returned to office. Catch up quick: Witkoff met Putin several times in the last six months, but this was their first meeting since late April.Three weeks ago, Trump said he was giving Putin a 50-day deadline to agree to a ceasefire with Ukraine.The ultimatum came after Trump became convinced the Russian president wasn't negotiating in good faith. Last week, Trump shortened the deadline for the same reason.He also exchanged nuclear bluster with former Russian President Dmitry Medvedev, in a sign of how far U.S.-Russia relations have fallen despite Trump's desire to improve them after taking office.What to watch: Trump's planned sanctions are likely to hit India, China and other customers for Russian oil.

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