This is a hugely significant moment. For the first time in more than three years, Washington is lifting sanctions on Moscow instead of imposing them.
It’s the most tangible evidence yet of a US-Russia rapprochement, and a crystal clear signal of Donald Trump’s intentions to turn Vladimir Putin the pariah into Putin the partner.
For now, they’re only talking about easing a handful of restrictions so that Russia’s agricultural and fertiliser exports can return to global markets.
It has meant higher fees and delays in payments, even when it comes to cross-border trade with friendly nations.
That’s why Moscow wants sanctions to be lifted on Rosselkhozbank – the state-owned Russian agriculture bank – and for it to be reconnected to SWIFT.
Image: Perhaps the most galling thing for Ukraine will be that Putin seems to have secured this without giving up very much. File pic: AP
One could argue that it’s just one brick in what is still a whole wall of sanctions surrounding Russia. But its removal will nevertheless be massively symbolic.
Ukraine’s Western allies were in lockstep when they built that wall – now its powerful supporter is starting the process of bringing it down.
What’s more, there’ll be fears that Moscow could abuse America’s charity here, particularly when it comes to one of the Kremlin’s other demands – lifting restrictions on the supply of agricultural machinery to Russia.
Restrictions were imposed on agricultural machinery due to some components being classified as ‘dual-use’ goods, which could potentially aid Russia’s war machine.
What’s to say these fears won’t be realised? That parts meant for tractors and harvesters suddenly find their way into weapon production? Washington might be happy to take Moscow’s word for it, but Kyiv certainly won’t be.
Perhaps the most galling thing for Ukraine and its European allies, however, will be that Mr Putin appears to have secured this without giving up very much at all.
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4:01
Ukraine and Russia agree sea deal
Yes, Russia has agreed to a maritime ceasefire. But it’s a long way short of a full ceasefire, and it’s something that was first agreed back in July 2022 with the Black Sea Grain Initiative.
Russia withdrew from that deal in 2023, unhappy at the obstacles facing its food and fertiliser exports – sound familiar?
Since then, attacks in the Black Sea have dropped off significantly. In fact, Ukrainian grain exports are pretty much back at pre-war levels already.
So, a maritime ceasefire may not actually make that much of a difference to the conflict itself. The bigger impact will be in Washington and Moscow.
For Mr Trump, it’s something to show off – proof that he’s taken a step closer to peace.
For Mr Putin, it’s Russia’s first step coming back in from the cold.
JD Vance has told Denmark it has “not done a good job” with Greenland during a visit to the territory – as President Donald Trump repeated his call for the US to take over the island.
Vice President Vance, his wife Usha and other senior US officials arrived at an American military base in Greenland, the semi-autonomous territory that has been a part of Denmark for more than 600 years.
“Our message to Denmark is very simple: you have not done a good job by the people of Greenland,” Mr Vance said.
“You have underinvested in the people of Greenland, and you have underinvested in the security architecture of this incredible, beautiful landmass filled with incredible people.
“We need to ensure that America is leading in the Arctic.”
Shortly before Mr Vance spoke from Greenland on Friday, Mr Trump continued his threats of taking over the territory, saying: “We need Greenland, very importantly, for international security.
“We have to have Greenland. It’s not a question of you think we can do without it – we can’t.”
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0:44
‘We need Greenland’ says Trump
The one-day visit to the US Space Force outpost at Pituffik – located on the northwest coast of the territory – has avoided violating potential diplomatic taboos of a state sending a delegation to another country, without an invitation.
The trip had been scaled back after locals were angered that the original itinerary was made without consulting them – particularly in light of Mr Trump’s repeated claims that the US should control Greenland.
Speaking to soldiers at the US base, Mr Vance claimed Denmark – and Europe by extension – has failed to protect the region.
Image: JD Vance tours the US military’s Pituffik Space Base in Greenland. Pic: Reuters
He said: “This place, this base, this surrounding area, is less secure than it was 30-40 years ago, as some of our allies have not kept up…
“Europe (has) not kept pace… with military spending, and Denmark has not kept pace in devoting the resources necessary to keep this base, to keep our troops, and in my view to keep the people of Greenland safe from a lot of aggressive incursions from Russia, China, and other nations.”
Mr Vance said Mr Trump was “a president of peace”, adding: “We respect the self-determination of Greenlanders, we believe in the self-determination of the population of Greenland.”
Asked if plans have been drafted to use military force to take over Greenland, he indicated the White House planned to wait for the people of the territory to vote for self-determination before acting.
“What the president has said… is that we need to have more of a position in Greenland,” he added.
Image: JD Vance and his wife have lunch with soldiers at Pituffik Space Base in Greenland. Pic: AP
Greenland is the world’s largest island, with a population of 57,000, and is also a founding member of NATO.
Straddling the Arctic circle between the US, Russia and Europe, the island offers a unique geopolitical advantage that America has eyed for more than 150 years.
Earlier this week, Russian President Vladimir Putin said he was not surprised the US wants control of Greenland given its long-time interest in the mineral-rich territory.
“It can look surprising only at first glance and it would be wrong to believe that this is some sort of extravagant talk by the current US administration,” Mr Putin said.
Two events this week will give Greenland and friends in Europe a juddering sense of alarm.
From the West, the US vice president JD Vance has landed for a controversial visit, despatched by a president openly talking of annexation.
From the East a speech from a Russian leader hinting at carving up the Arctic and its vast mineral wealth with Moscow’s new friends in Washington.
Image: The US vice president and his wife arrive at the US military base in Greenland. Pic: Reuters
In a closely watched speech, Vladimir Putin seemed to give Donald Trump’splans to seize Greenland the green light.
They were “serious”, he said, and “have deep historical roots”.
Kremlin officials went further saying Russia was open to cooperating with America to exploit the Arctic with “joint investment”.
The Arctic is a huge prize. Its vast mineral wealth is increasingly accessible thanks to climate change.
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Russia is well placed to exploit it with bases and ports ringing the Arctic Circle.
Mr Putin though warned that “NATO countries in general are increasingly designating the Far North as a springboard for possible conflicts”.
Image: A map of what surrounds the Arctic Circle
This would appear to be a warning to European nations to back off.
Yet another challenge for Europe
The threat of Russia and America jointly exploiting the Arctic in a great power carve-up is yet another challenge for Europe in this new Trumpian world order. And Greenland is caught in the middle.
Mr Trump has said he thinks the American annexation of Greenland “will happen”.
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3:04
What do Greenlanders make of Trump?
He said so with breezy nonchalance in front of NATO’s secretary general in the White House as if taking another alliance member’s territory was entirely normal.
Astonishingly NATO secretary general Mark Rutte did not push back at the idea.
But it seems the Trump administration is determined one way or another to acquire more territory and Greenland seems top of the list.
And its president may have been persuaded by Mr Putin it is in his best interests to share the world with Russia, whatever that means for America’s allies.
US congresswoman Marjorie Taylor Greene hit the headlines this week when she told Sky’s US correspondent Martha Kelner to “go back to your own country”.
It was the latest controversy in a political career for the Republican firebrand – a staunch supporter of US President Donald Trump and his Make America Great Again (MAGA) movement.
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2:45
Sky reporter told ‘go back to your own country’
But who is she and how influential has she become?
Host Jonathan Samuels speaks to Tia Mitchell, Washington bureau chief for The Atlanta Journal-Constitution, who has been covering Ms Taylor Greene since she first entered politics five years ago.
She tells us what she’s like in person, how she emerged and her most controversial moments.