Samstag, 2. August 2025

Trump Says He Moved US Nuclear Subs After Barbs With Russia

 

Trump Says He Moved US Nuclear Subs After Barbs With Russia

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Trump Moves Two US Nuclear Submarines on Russia Threat

President Donald Trump said the US is moving two nuclear submarines to respond to what he called “highly provocative statements” from former Russian President Dmitry Medvedev.

“I have ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that,” Trump said in a social media post Friday. “Words are very important, and can often lead to unintended consequences, I hope this will not be one of those instances.”

Earlier: Putin Rejects ‘Excessive Expectations’ for Truce in Ukraine

Trump, speaking to reporters later Friday, suggested he was acting out of caution, saying that “we had to do that, we just have to be careful and a threat was made and we didn’t think it was appropriate.”

“I have to be very careful, so I do that on the basis of safety for our people,” he said. “We’re going to protect our people.”

Asked what Medvedev had said that angered him, Trump responded, “You just have to read what he said. He was talking about nuclear. When you talk about nuclear, we have to be prepared, and we’re totally prepared.”

The office of the Secretary of Defense referred requests for more details to the White House and declined to comment on whether Trump was referring to submarines armed with nuclear weapons rather than simply nuclear-powered vessels.

Defense Secretary Pete Hegseth, on his personal social media account, shared a screenshot of Trump’s post without comment.

Officials at the Kremlin didn’t immediately respond to a request for comment.

Trump’s post Friday was the latest in a heated public exchange with Medvedev, who currently serves as Russia’s deputy chairman of the security council. Medvedev, in a July 28 post on X, had warned Trump that “each new ultimatum is a threat and a step towards war. Not between Russia and Ukraine, but with his own country.”

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West Texas Intermediate crude, the US benchmark for oil, fell as much as 3.2% Friday after weak jobs and manufacturing data, although prices later stabilized following Trump’s comments on the potential threat from Russia. His hardening stance toward Russia in recent weeks is raising speculation that the US will impose tariffs on nations buying crude from Moscow, which could tighten global supplies.

Trump has said he expects to hit Russia with sanctions after providing a new deadline — which falls on Aug. 8 — for Russian President Vladimir Putin to halt the war in Ukraine.

In a social media post on Thursday, Trump assailed Russia and India — a major customer for Russian energy — and lashed out at Medvedev, calling him a “failed” former president who needed to “watch his words.”

“He’s entering very dangerous territory!” Trump had said.

Medvedev responded in a post to Telegram hours later in which he said that Russia would continue in its own way, jabbing at Trump.

Trump’s interactions with Medvedev intensified in the same week that US Secretary of State Marco Rubio dismissed the Russian official as “not a relevant player.”

Jennifer Kavanagh, senior fellow and director of military analysis at Washington-based think tank Defense Priorities, said the social media exchange was an “unhelpful and a very risky way to do international diplomacy.”

The US typically has four or five submarines on “hard alert” at any time, Kavanagh said, downplaying the likelihood that Trump significantly changed US nuclear posture.

“The likelihood is there are already nuclear submarines positioned in locations where they could strike Russia if necessary,” she said.

Putin’s Stance

Putin also has dismissed Trump’s latest effort to pressure him into peace, saying that his war goals in Ukraine are unchanged and dismissing calls for a ceasefire. Putin said that recent talks between Ukraine and Russia in Turkey were “positive in general” and dismissed frustration over the war by casting it as the result of “excessive expectations,” without directly naming Trump.

Trump campaigned in the 2024 election on a pledge to quickly bring Russia’s war in Ukraine — now well into its fourth year — to an end. Those efforts have failed to materialize with Putin only making maximalist demands for Ukrainian territory and rebuffing calls for face-to-face discussions with Ukraine’s leader Volodymyr Zelenskiy.

Matthew Kroenig, vice president and senior director at the Scowcroft Center for Strategy and Security at the Atlantic Council, cast Trump’s Friday post as a “brilliant move” and “all part of trying to force Putin to the negotiating table.”

Russian Foreign Minister Sergei Lavrov on Friday had said it was encouraging that US officials remained open to continuing the conversation — a message posted shortly before Trump’s submarine announcement.

“The substantive discussions on the Ukrainian issue that have been taking place between Moscow and Washington since the beginning of the year have been very useful and have yielded results,” Lavrov said in comments published on the ministry’s website.

Trump had said on Thursday that his special envoy Steve Witkoff would head to Moscow after wrapping up a trip to Middle East, though he did not provide an exact date for the visit.

The White House didn’t immediately respond to a request for comment on whether Witkoff still planned to travel to Russia.

    — With assistance from Courtney McBride, Ilya Arkhipov, Eric Martin, Gregory White, Natalia Drozdiak, and Michael Ball

    (Updates with new Trump remarks, starting in third paragraph

    a unique bond

     

    Welcome to The Brink. I’m Nicolle Yapur, a reporter in Bogota, where I’m following the auction for PDVSA’s most valuable foreign asset. We also have news on the second-quarter’s surge in defaults led by distressed private equity-backed firms bought with floating-rate loans before the Fed’s hiking cycle began. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM.

    A Unique Bond

    A legal fight over a unique bond issued by Venezuela’s state-owned oil company is heating up. 

    A group of bondholders has been working for months to secure payment following the auction to sell the parent of US-based refiner Citgo Petroleum Corp., the most valuable foreign asset owned by Petroleos de Venezuela SA. But the nature of the preferred bid to buy the company could throw a wrench in their plans. 

    The CITGO Petroleum Corp. Lake Charles Refinery in Louisiana. Photographer: Bryan Tarnowski/Bloomberg

    At 90 cents on the dollar, the notes are an exception among bonds sold by PDVSA. Although the company defaulted on them five years ago, investors still see great odds for payment because the securities are backed by a majority stake in Citgo Holding, another subsidiary. That means that whoever buys PDV Holding — the parent company — would likely have to settle that pledge with the bondholders.

    Bond prices, however, have slid in recent weeks after a court-appointed adviser in Delaware recommended a bid filed by a consortium including Canadian miner Gold Reserve to take over the refiner. The proposal doesn’t include a deal with the bondholders and is structured in a way that would bypass their claim.

    Prices haven’t dropped further as investors expect there will be some sort of settlement, according to Francesco Marani, head of trading at Madrid-based broker Auriga. 

    But the Gold Reserve bid is adding uncertainty to an already complex process. Venezuela creditors participating in the auction have expressed concerns about the sale not being able to close without addressing the bondholders, as it opens the door for more litigation.

    Crystallex, a separate Canadian miner and the top plaintiff in the main case against the Venezuelan government, objected to the Gold Reserve bid, as it “presents an unacceptable risk.”

    Gold Reserve argued that settling with the bondholders would divert billions of dollars from other creditors seeking to collect from the sale proceeds. Plus, current US sanctions against PDVSA prevent the notes’ pledge from being executed, which reduces, “if not eliminates entirely,” the risk they represent to the Citgo sale, the firm said in a letter filed to the Delaware court.

    Judge Leonard Stark in Delaware is scheduled to hold the sale hearing for Citgo mid-August.

    Adding to the complexity, bondholders are also waiting for US District Judge Katherine Polk Failla in New York to rule over the validity of the notes, which was challenged years ago by Venezuelan representatives in a separate proceeding. 

    After the Gold Reserve bid was recommended, bondholders turned to Judge Failla for protection, including a potential injunction in case the Delaware court decided in favor of the Canadian miner before she issues her ruling, which is expected in Septembe

    Freitag, 1. August 2025

    Trump Says US Moved Nuclear Submarines in Response to Russia

     

    Trump Says US Moved Nuclear Submarines in Response to Russia

    President Donald Trump speaks during an executive order signing ceremony at the White House on July 31.

    Photographer: Eric Lee/Bloomberg

    President Donald Trump said the US is moving two nuclear submarines to respond to what he called “highly provocative statements” from former Russian President Dmitry Medvedev.

    “I have ordered two Nuclear Submarines to be positioned in the appropriate regions, just in case these foolish and inflammatory statements are more than just that,” Trump said in a social media post Friday. “Words are very important, and can often lead to unintended consequences, I hope this will not be one of those instances.”

    Earlier: Putin Rejects ‘Excessive Expectations’ for Truce in Ukraine

    Trump didn’t immediately provide details on what instigated his move, though his post Friday was the latest in a public exchange of heated rhetoric with Medvedev, who currently serves as Russia’s deputy chairman of the security council.

    Spokespersons for the Secretary of Defense and the Navy didn’t immediately respond to requests for comment

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