The prospects of an expected diplomatic thaw between Russia and the USA have dimmed again after US President Donald Trump termed a planned summit with Vladimir Putin as a ‘wasted meeting’. The meeting has been postponed indefinitely, and Trump has proceeded with major sanctions on Russian oil giants.

The Trump administration on Wednesday imposed some major sanctions targeting Russia’s two largest oil producers, state-owned Rosneft and privately held Lukoil, along with key subsidiaries, soon after the White House confirmed that the Budapest summit between Trump and Putin, which they had declared last week, has been postponed and there are ‘no plans’ for the two leaders to meet in the near future.

The White House has reportedly informed that Secretary of State Marco Rubio and Russian Forei

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