Plans for a summit between US President Trump and Russian President Putin in Budapest have been shelved, at least for now, amid stark disagreements between Moscow and Washington on the conditions for a ceasefire in Ukraine.

Kyiv and its European allies have rejected the idea of territorial concessions as a precondition for peace, arguing that any negotiated settlement must respect international borders.

The European Commission echoed this position in a statement on Tuesday, aligning itself with the US presidentโ€™s call for a halt to hostilities

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