Update1835ET: President Trump has issued a major statement following the high stakes afternoon meetings with Ukraine's Zelensky, who finally put on a suit this time, and seven EU leaders.

Trump announced that he spoke with Russian President Vladimir Putin by phone and initiated plans for a meeting between Putin and Ukrainian President Volodymyr Zelensky. There is further after that a trilateral meeting coming, at an as yet undisclosed time and place. He called the development "very good" and said "everyone is very happy about the possibility of PEACE". So far, Russian state media has reacted only vaguely with the following via TASS:

US President Donald Trump interrupted his talks with Vladimir Zelensky and European leaders to call Russian President Vladimir Putin, Germany's Bild newspaper reports, citing its Deputy Editor-in-Chief Paul Ronzheimer.

According to Bild, the White House consultations are expected to continue after the call.