Is Europe Bringing Trump and Zelenskyy Closer Together?

Summary

Bloomberg's Oliver Crook reports from the G7 summit in Evian, covering President Zelensky's push for renewed US engagement in the Ukraine peace process, the potential reinstatement of Russian oil sanctions, surging global demand for air defense systems, and a shift to AI discussions with tech CEOs amid rising AI nationalism.

• Zelensky seeks to re-engage the US in peace talks and wants oil sanctions on Russia reinstated.
• Ukraine has gained battlefield momentum and secured a 90 billion euro EU loan, strengthening its position.
• The US is now open to reimposing Russian oil sanctions, potentially tightening global supply.
• Air defense systems face very high global demand, with Gulf countries competing for limited availability.
• G7 leaders meet with AI executives from Anthropic, OpenAI, and Google to shape a collective AI approach.
• AI nationalism is rising, with the US restricting foreign access to some advanced AI models.
• Discussions include possibly granting favored status to allied nations for expanded AI model access.