President Volodymyr Zelensky described his recent phone call with U.S. President Donald Trump as "the best conversation in all this time" in an evening address on July 5.

"Patriot (missiles) are key to protection from ballistic (missiles). We discussed several other important issues that our teams will work out in detail at meetings in the near future," Zelensky said.

The two leaders spoke on July 4, agreeing to strengthen Ukraine's air defenses amid intensified Russian strikes, Zelensky said earlier.

A day prior to speaking with Zelensky, Trump held a phone call with Russian President Vladimir Putin in an effort to discuss ending Russia's war against Ukraine.

"This was probably the best conversation in all this time, it was maximally productive. We discussed the topic of air defenses. I am grateful for the readiness to help," Zelensky said, describing his phone call with Trump.

Relations between Ukraine and the U.S. have previously been strained as the White House pushed Kyiv to sign a lucrative bilateral minerals deal and tried to broker a peace deal with Moscow that did not rule out major concessions for Ukraine.

Zelensky's phone call with the U.S. leader followed media reports and announcements from Washington of a pause in military assistance to Ukraine. Trump, on July 3, denied that Washington has stopped supplying weapons to Kyiv.

Trump described his July 3 conversation with Putin as disappointing, saying that the call "didn't make any progress" in stopping Russia's war against Ukraine.

"I'm very disappointed with the conversation I had today with President Putin," Trump told journalists. "Because I don't think he's there. And I'm very disappointed.  I don't think he's looking to stop this fighting."

Russia launches another horrific attack on Kyiv hours after Trump-Putin call

Ripe cherries and apricots fill the stalls of fruit vendors, while people bustle about on a scorching July Friday. Yet just a five-minute walk from the stand, the scene shifts dramatically: a gaping hole mars the five-story residential building where the stairwell once stood. Rescuers tirelessly sift through the

The Kyiv IndependentKateryna Hodunova

BlackRock, a U.S. investment firm, suspended work on a multibillion-dollar Ukraine recovery fund following U.S. President Donald Trump's election victory, prompting France to work on a replacement, Bloomberg reported on July 5.

The plan nearly secured the initial support of institutions backed by the governments of Germany, Italy, and Poland, people familiar with the matter told Bloomberg.

Kyiv has sought to secure investment in Ukraine's reconstruction as Russia's war continues to destroy infrastructure across the country.

BlackRock halted its search for institutional investors in January, causing the planned funding that sought to secure $500 million from governments, development grants, and investment banks, and another $2 billion from private investors, to fall through.

The investment firm halted talks with institutional investors in January due to a lack of interest amid perceived uncertainty in Ukraine.

The fund was set to be unveiled by BlackRock at the upcoming Ukraine Recovery Conference on July 10-11 in Rome, Bloomberg reported.

A spokesperson for BlackRock said the investment firm completed advisory work for the recovery fund pro bono in 2024 and no longer has "any active mandate."

France is working on a proposal to replace the recovery fund led by BlackRock, people familiar with the matter told Bloomberg, adding that it remains uncertain how effective the plan will be without Washington's backing.

President Volodymyr Zelensky and Italian Prime Minister Giorgia Meloni are expected to attend the Ukraine Recovery Conference next week.

Despite a partial rebound from a 30% economic slump in 2022, foreign investment in Ukraine remains underwhelming.

As US aid to Ukraine dries up, new platform connects Americans investors with Ukrainian startups

Ukraine’s startup ecosystem has tripled in five years, even during Russia’s full-scale invasion, to become the second most valuable in Central and Eastern Europe at $28 billion.

The Kyiv IndependentDominic Culverwell

Editor's note: This story has been updated with additional comments by U.S. President Donald Trump.

U.S. President Donald Trump said on July 5 that Russian President Vladimir Putin does not appear interested in ending the war in Ukraine, according to a comment made onboard Air Force One.

Trump reiterated that he was "very unhappy" with the July 3 phone call between the two leaders.

"It just seems like he wants to go all the way and just keep killing people. It's not good. I wasn't happy with it," Trump told reporters.

The call, which lasted about an hour, was confirmed by the Kremlin to have focused on Ukraine. Putin reportedly told Trump that Russia would continue pursuing its "goals" in the war.

Trump's remarks follow a sharp escalation in Russian missile and drone attacks across Ukraine that have killed and injured hundreds of civilians in recent weeks.

The strikes have hit multiple regions, destroying civilian infrastructure amid persistent calls from Ukraine, the U.S., and Europe for an unconditional ceasefire.

When asked if he can end Russia's war against Ukraine, Trump said, "I don’t know. I can’t tell you whether or not that’s going to happen."

Trump agreed when asked if ending the war is a priority, saying, "Yes. I’d like to see it happen."

The day after his call with Putin, the U.S. president spoke by phone with President Volodymyr Zelensky and said the two had a "very strategic" conversation.

"We talked about different things... I think it was a very, very strategic call," Trump said. When asked about supplying Patriot air defense systems to Ukraine, he replied, "Yeah, we might."

"They're going to need something because they're being hit pretty hard," Trump added.

The statement comes as the U.S. Defense Department has paused deliveries of several key weapons systems, including Patriot missiles and precision-guided munitions, prompting concern in Kyiv.

While Trump has said he wants to help Ukraine, his administration has not imposed new sanctions on Russia since taking office and has not approved additional aid packages.

The U.S. president has instead directed strikes against Iran, targeting three nuclear facilities in June in response to regional escalations, a move critics say contrasts with his cautious approach toward Moscow.

When asked why he appears tougher on Tehran than Moscow, Trump told reporters, "No, I think I'm tougher on Russia than I am on Iran."

Despite two rounds of face-to-face talks between Moscow and Kyiv in May and June in Istanbul, no agreement on a ceasefire has been reached. The negotiations have only resulted in prisoner exchanges, as Moscow continues to push for maximalist demands in peace talks.