Trade between Russia and the U.S. started to grow under Donald Trump, Russian President Vladimir Putin noted after meeting his counterpart in Alaska. The upward tick comes after a decade of steep decline that set in amid a bitter geopolitical clash over Moscow’s military intervention in neighboring Ukraine.

Oil prices slipped in early Asian trade on Monday as the United States did not exert more pressure on Russia to end the Ukraine war by implementing further measures to disrupt Moscow's oil exports after presidents from both countries met on Friday.

Secretary of State Marco Rubio and Steve Witkoff, an envoy for President Trump, suggested that a peace deal was still distant.