Here is where things stand on Wednesday, May 21:

Fighting

• United States President Donald Trump told reporters he is not worried about reports that Russia is massing its forces along the border of Finland. “No, I don’t… worry about that at all,” he said, adding that Finland and Norway were “going to be very safe”.
• Moscow accused NATO of “aggressive actions” after Estonia last week tried and failed to seize a Russian tanker suspected of ferrying oil in violation of international sanctions.

Diplomacy

• Italian Prime Minister Giorgia Meloni confirmed that Pope Leo XIV and the Vatican are willing to host peace talks between Russia and Ukraine.
• US Secretary of State Marco Rubio said he expects Putin to present a peace plan in the coming days, which will signal how serious he is about ending the war.
• Moscow will offer “just broad terms that would allow us to move towards a ceasefire, and that ceasefire would then allow us to enter into detailed negotiations to bring about an end of the conflict,” Rubio said.

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• Ukrainian President Volodymyr Zelenskyy said Russia is just trying to “buy time in order to continue its war and occupation”, in a social media post.
• Poland indicted a man accused of helping Russian foreign intelligence services prepare a possible assassination attempt against Zelenskyy.

Economy

• The United Kingdom announced sanctions against 100 new Russian targets, with the intention of disrupting “Putin’s war machine” and its supply chain. The European Union also announced its 18th package of sanctions against Russia.
• Canada invited Ukrainian Minister of Finance Sergii Marchenko to attend a meeting of the G7 finance ministers this week in Banff, Alberta, as a guest.
• On the sidelines of the meeting, Marchenko called for more international sanctions on Russia, including further lowering the $60-per-barrel price cap imposed on Russian crude oil exports by many countries, including G7 members.
• The meeting precedes a major G7 summit in June, also hosted by Canada, which is expected to discuss the reconstruction of Ukraine.