China has called for “all parties” in the Russia-Ukraine war to be involved in the peace talks. The Chinese Foreign Minister Wang Yi spoke at the Munich Security Conference on Friday and said, “We hope that all parties and stakeholders directly involved participate in the peace talks in due course.

Bloomberg reported that senior U.S. and Russian officials would soon hold a meeting in Saudi Arabia to lay the groundwork for a Trump-Putin summit aimed at discussing a possible ceasefire in Ukraine.

President Trump said Wednesday he's going to meet with Chinese President Xi Jinping and Russian President Vladimir Putin to discuss slicing all three countries' military budgets in half. The big picture: Trump is looking to convince the U.S. adversaries to cut their defense spending while also getting them to commit to denuclearization.