US diplomatic efforts intensified in early September 2026 when envoys Steve Witkoff and Jared Kushner met Vladimir Putin in Moscow and Volodymyr Zelenskyy in Kyiv, securing agreement to resume trilateral negotiations but no broader ceasefire. Russia rejected proposals for an air truce or frontline pause beyond a limited three-day halt on strikes against the capitals tied to the visits. Core obstacles persist, with Moscow demanding Ukrainian withdrawal from remaining Donbas areas and security guarantees including limits on NATO alignment, while Kyiv refuses further territorial concessions that it views as enabling future aggression. Ongoing Russian missile and drone strikes on Ukrainian cities and Ukrainian long-range attacks on Russian energy infrastructure continue amid stalled talks since February. Both sides signal openness to autumn negotiations, potentially before winter pressures and US midterm elections, though historical gaps on territory and guarantees suggest slow progress.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedUkraine and Russia may agree to limited ceasefire on energy infrastructure by winter
August 31, 2027 surges to 59%21%
Reports indicated that Ukraine and Russia might agree to a limited ceasefire by winter, focusing on mutual cessation of attacks on energy infrastructure. This potential limited truce could pave the way for further settlement discussions and reduce humanitarian impact during the heating season.
Reports of possible limited ceasefire on energy infrastructure by winter
December 31, 2027 jumps to 69%10%
Sources indicated that Russia and Ukraine may agree to a limited ceasefire by winter, focusing on mutual cessation of attacks on energy infrastructure. This potential limited truce raised cautious market optimism for a broader ceasefire agreement in the future.
Ukrainian troops ordered to halt fighting amid US envoy visit
June 30, 2027 drops to 55%11%
Ukraine ordered a temporary halt to fighting starting September 6, 2026, coinciding with the visit of US envoys to Kyiv and Moscow. This unilateral pause was part of diplomatic efforts but lacked a formal ceasefire agreement, reflecting ongoing fragility in negotiations and impacting market confidence.
IAEA announces localized ceasefire near Zaporizhzhia Nuclear Power Plant
September 30, 2027 surges to 61%21%
The International Atomic Energy Agency announced a localized ceasefire near the Zaporizhzhia Nuclear Power Plant to allow Ukrainian technicians to repair power lines. This ceasefire was part of broader efforts to reduce hostilities and facilitate diplomatic talks during the US envoy visit.
Russia and Ukraine agree to halt strikes on capitals during US diplomatic talks
October 31, 2027 jumps to 70%6%
Russian President Putin and Ukrainian President Zelenskyy agreed to pause strikes on Kyiv and Moscow for three days while US envoys conducted peace talks, representing a limited ceasefire focused on the capitals but not a broader cessation of hostilities.
IAEA announces localized ceasefire near Zaporizhzhia Nuclear Power Plant for repairs
A localized ceasefire near the ZNPP took effect to allow Ukrainian technicians to repair power lines, reflecting a limited and specific ceasefire unrelated to a general pause in hostilities, thus not qualifying as a full ceasefire agreement.
Russia and Ukraine agree to halt strikes on capitals during US envoy talks
June 30, 2027 surges to 66%19%
Russia and Ukraine agreed to a limited ceasefire halting strikes on Kyiv and Moscow for three days during the visit of US envoys Steve Witkoff and Jared Kushner. This short-term pause was part of ongoing diplomatic efforts but did not lead to a comprehensive ceasefire, causing market fluctuations.
US envoys meet Putin in Moscow to discuss ceasefire challenges
December 31, 2027 surges to 69%26%
US envoys Steve Witkoff and Jared Kushner met with Vladimir Putin in Moscow to discuss proposals for ending the war, including ceasefire challenges. While no comprehensive ceasefire was agreed, the talks indicated ongoing high-level diplomatic engagement and modest progress in dialogue.
Putin meets US envoys for renewed peace talks in Moscow
December 31, 2027 surges to 67%24%
Russian President Vladimir Putin met with US envoys Steve Witkoff and Jared Kushner in Moscow for renewed talks on ending the war in Ukraine. Putin ordered a three-day halt to strikes on Kyiv starting September 5, facilitating diplomatic efforts and positively impacting market sentiment for a ceasefire agreement by year-end.
Ukraine orders temporary ceasefire from Sept. 5-8 as US envoys visit Kyiv and Moscow
December 31, 2027 surges to 67%24%
Ukraine ordered a temporary ceasefire from September 5 to 8, halting fighting to facilitate US diplomatic efforts. This move was part of a Washington-led push to end the war, with Zelensky pledging to refrain from aerial strikes during the visit, supporting market optimism for a ceasefire agreement by year-end.
Russia and Ukraine agree to halt strikes on capitals amid US peace talks
December 31, 2027 surges to 69%26%
Russian President Putin and Ukrainian President Zelenskyy agreed to pause strikes on Moscow and Kyiv for three days during US envoys' peace talks. This limited ceasefire was a tactical move to facilitate diplomacy but did not constitute a full ceasefire, leading to increased market confidence in a ceasefire agreement by late 2027.
US envoys Witkoff and Kushner arrive in Moscow for peace talks with Russia
December 31, 2027 surges to 69%26%
US envoys Steve Witkoff and Jared Kushner arrived in Moscow to engage in peace talks with Russian officials, signaling renewed diplomatic efforts. This visit coincided with the temporary ceasefire on the capitals and raised market expectations for a ceasefire agreement by late 2027.
US envoys Steve Witkoff and Jared Kushner arrive in Moscow for peace talks
September 30, 2027 jumps to 61%8%
The arrival of US envoys in Moscow to discuss proposals to end the war signaled renewed diplomatic efforts, temporarily boosting market optimism despite Russia's rejection of a broader ceasefire proposal.
US envoys arrive in Moscow for peace talks amid temporary ceasefire
September 30, 2027 surges to 58%18%
US Special Envoy Steve Witkoff and former Senior Advisor Jared Kushner arrived in Moscow to discuss proposals to end the war in Ukraine. A temporary agreement to halt long-range strikes on Kyiv and Moscow was reached to facilitate their travel, though a broader ceasefire was not agreed upon, maintaining market uncertainty.
Ukraine announces temporary ceasefire to facilitate US peace talks
December 31, 2027 surges to 68%25%
Ukraine ordered its army units to halt fighting from September 5 to 8 to facilitate the visit of US envoys for peace talks. This temporary pause was part of ongoing diplomatic efforts but did not amount to a comprehensive ceasefire.
IAEA announces localized ceasefire near Zaporizhzhia Nuclear Power Plant for repairs
December 31, 2027 surges to 69%26%
The IAEA Director General announced a localized ceasefire near the Zaporizhzhia Nuclear Power Plant to allow Ukrainian technicians to repair power lines. This limited ceasefire was important for safety but did not represent a general ceasefire, yet it contributed to market optimism about ceasefire prospects.
Russia and Ukraine agree to halt strikes on capitals during US peace talks
September 30, 2027 surges to 67%27%
Russian President Putin and Ukrainian President Zelenskyy agreed to pause strikes on Moscow and Kyiv for three days from September 5 to 8 to facilitate US-led peace negotiations. This limited ceasefire was a tactical move to support diplomacy but did not extend to a full ceasefire across the frontlines.
Putin rejects broader frontline ceasefire proposed by Ukraine during US delegation visit
While a temporary halt to strikes on capitals was agreed, Russian President Putin rejected Ukraine's proposal for a broader frontline ceasefire, maintaining ongoing hostilities and limiting market confidence in a full ceasefire agreement.
Ukraine orders temporary ceasefire Sept 5-8 ahead of US envoys' visit
December 31, 2027 surges to 43%25%
Ukraine ordered its army units to halt fighting from September 5 to 8 to facilitate peace talks with US envoys Steve Witkoff and Jared Kushner visiting Kyiv and Moscow. This unilateral ceasefire proposal raised market optimism for a ceasefire agreement by late 2026 and beyond.
Ukraine orders temporary ceasefire Sept 5-8 ahead of US envoy visits
September 30, 2027 surges to 67%27%
Ukraine ordered its military units to halt fighting from September 5 to 8 to facilitate peace talks with US envoys Steve Witkoff and Jared Kushner visiting Kyiv and Moscow. This unilateral pause aimed to support diplomatic efforts despite ongoing hostilities elsewhere.
Russian missile strike on Kyiv kills 21, undermining ceasefire prospects
December 31 jumps to 33%11%
A Russian missile strike on Kyiv killed 21 people and breached the May ceasefire, demonstrating Russia's lack of interest in peace and undermining short-term ceasefire prospects. This event caused market participants to lower expectations for a ceasefire by May 31, 2026, while longer-term markets remained cautiously optimistic.
Ukraine proposes temporary ceasefire during US envoys' visit amid ongoing conflict
June 30, 2027 surges to 63%16%
Ukraine publicly proposed a temporary ceasefire with Russia to facilitate talks during visits by US envoys Steve Witkoff and Jared Kushner, signaling ongoing diplomatic efforts despite persistent hostilities. This proposal contributed to market fluctuations in September 2026.
Ukraine orders temporary ceasefire from September 5 to 8 ahead of US envoy visits
December 31, 2027 surges to 67%24%
Ukraine ordered its military units to halt fighting from September 5 to 8, 2026, to facilitate peace talks with US envoys visiting Kyiv and Moscow, signaling a unilateral step toward de-escalation despite no formal agreement with Russia at that time.
Ukraine orders temporary ceasefire from September 5 to 8 ahead of US envoys' visit
August 31, 2027 rises to 59%4%
Ukrainian military units were ordered to halt fighting from midnight on September 5 until the end of September 8 to facilitate peace talks led by US envoys Steve Witkoff and Jared Kushner, signaling a tactical pause but not a formal ceasefire agreement.
Russian missile strike on Kyiv kills 21, undermining ceasefire prospects
December 31 rises to 26%4%
A Russian missile strike on Kyiv killed 21 people and breached the May ceasefire, demonstrating Russia's lack of interest in peace and undermining short-term ceasefire prospects. This attack increased market skepticism about a ceasefire by May 31 but slightly raised hopes for a longer-term agreement by December 31.
Russian missile strike on Kyiv kills 21, undermining ceasefire prospects
December 31 rises to 22%3%
A Russian missile strike on Kyiv killed 21 civilians and breached the recent temporary ceasefire, highlighting Russia's lack of interest in peace and undermining short-term ceasefire prospects. This attack caused market confidence in a ceasefire by May 31, 2026, to drop, while longer-term ceasefire expectations remained cautiously optimistic.
Russia-Ukraine peace talks stall as US mediation fails to secure concrete dates
December 31 dips to 19%2%
Despite ongoing communication, Russian officials emphasized that future talks must align with Putin's position, with significant differences remaining unresolved, causing market confidence in a ceasefire by end-2026 to decline further.
Russian missile strike on Kyiv kills 21, undermining ceasefire prospects
A Russian missile strike on Kyiv killed 21 people and breached the May 9-11 ceasefire, demonstrating Russia's lack of interest in peace and undermining short-term ceasefire prospects. This event increased market skepticism about a ceasefire by May 31 but slightly raised hopes for a longer-term agreement by December 31, 2026.
Russia states peace talks with Ukraine remain on hold with no new ideas
December 31 drops to 19%8%
The Kremlin announced that peace talks with Ukraine are currently on hold and no new proposals have been made, signaling stalled negotiations and continued military actions, which contributed to declining market confidence in a ceasefire by late 2026.
Russia-Ukraine peace talks remain on hold with no new ideas, Kremlin says
December 31 dips to 19%3%
The Kremlin announced that peace talks with Ukraine are currently on hold and no new proposals have been made, indicating stalled negotiations and continued military actions, which contributed to declining market confidence in a ceasefire by the end of 2026.
Kyrylo Budanov signals potential resumption of trilateral talks with Russia and US
December 31 dips to 19%2%
The head of the Ukrainian Presidential Office indicated that trilateral talks involving Russia and the US could resume after months of pause, suggesting renewed diplomatic momentum. This raised some market optimism for a ceasefire agreement by the end of 2026, though skepticism remained due to entrenched positions.
Russia and Ukraine agree to short-term ceasefire during US delegation visit
June 30, 2027 jumps to 57%7%
Russia and Ukraine agreed to a short-term ceasefire from September 5 through September 8, including a commitment to refrain from striking the capitals during the visit of a US delegation led by President Trump's envoys, signaling ongoing diplomatic engagement despite no comprehensive ceasefire.
Ukrainian officials signal renewed diplomatic momentum for trilateral talks
December 31 dips to 22%4%
Kyrylo Budanov, head of the Ukrainian Presidential Office, stated that trilateral talks with Russia and the US could resume as early as September after months of pause. President Zelenskyy outlined proposals centered on a ceasefire and security guarantees, raising market expectations for a ceasefire agreement by December 31, 2026, and beyond.
Ukrainian officials signal potential resumption of trilateral talks with Russia and US
December 31 dips to 22%1%
Kyrylo Budanov, head of the Ukrainian Presidential Office, indicated that trilateral talks involving Russia and the US could resume in September after months of pause, suggesting renewed diplomatic momentum. President Zelenskyy proposed ceasefire-centered initiatives, but Russia maintained maximalist demands, keeping market expectations for a ceasefire agreement moderate.
Ukrainian official signals possible resumption of trilateral talks with Russia and US
June 30, 2027 jumps to 64%13%
Kyrylo Budanov, head of the Ukrainian Presidential Office, indicated that trilateral talks involving Ukraine, Russia, and the US could resume as early as September 2026, raising hopes for renewed diplomatic momentum toward a ceasefire. This contributed to market gains for the June 30, 2027 ceasefire option.
Ukrainian official signals potential resumption of trilateral talks with Russia and US
June 30, 2027 jumps to 56%6%
Kyrylo Budanov indicated that trilateral talks involving Russia and the US could resume as early as September, suggesting renewed diplomatic momentum and raising market optimism for a ceasefire agreement by mid-2027.
Ukrainian officials signal potential resumption of trilateral talks with Russia and US
June 30, 2027 rises to 52%2%
Kyrylo Budanov, head of the Ukrainian Presidential Office, stated that trilateral talks with Russia and the US could resume as early as September 2026 after months of pause, raising market optimism for a ceasefire agreement by mid-2027 despite ongoing battlefield tensions.
Russian Foreign Minister Lavrov reiterates refusal to accept ceasefire freezing current frontline
October 31 dips to 11%3%
On August 14, Russian Foreign Minister Sergei Lavrov stated Russia's unwillingness to accept a ceasefire that freezes the current frontline, emphasizing Russia's commitment to continue the war until its terms are met. This hardened stance contributed to declining market confidence in near-term ceasefire agreements.
Kremlin states preference for peace agreement but warns of military means if talks fail
December 31 dips to 18%4%
Russian Presidential Press Secretary Dmitry Peskov stated that Russia prefers to achieve its objectives through a peace agreement but warned that if Ukraine is not inclined to negotiate, Russia would pursue military means. This statement reinforced market uncertainty and skepticism about a ceasefire agreement by year-end.
Russian Foreign Minister Lavrov rejects ceasefire freezing current frontline
October 31 plunges to 16%19%
On August 14, 2026, Russian Foreign Minister Sergei Lavrov stated Russia's unwillingness to accept a ceasefire that freezes the current frontline, emphasizing continuation of the war until Russia's terms are met. This hardened stance contributed to declining market confidence in near-term ceasefire agreements.
Russian Foreign Minister Lavrov reiterates refusal to accept ceasefire freezing current frontline
December 31 drops to 19%8%
On August 14, 2026, Russian Foreign Minister Sergei Lavrov stated that Russia is unwilling to accept a ceasefire that freezes the current frontline and emphasized Russia's commitment to continue the war until its terms are met. This hardened stance contributed to declining market confidence in near-term ceasefire agreements by the end of 2026.
Russian officials reiterate refusal to accept ceasefire without favorable terms
Russian Foreign Minister Sergei Lavrov stated that Russia is unwilling to accept a ceasefire that freezes the current frontline and emphasized Russia’s commitment to continue the war until a settlement on its own terms is secured. This stance reinforced market skepticism about a ceasefire agreement by the end of 2026.
Russian Foreign Minister Lavrov reiterates refusal to accept ceasefire freezing current frontline
October 31 drops to 27%8%
Russian Foreign Minister Sergei Lavrov stated that Russia would not accept a ceasefire that freezes the current frontline and emphasized continuing the war until its terms are met. This hardened stance contributed to declining market confidence in near-term ceasefire agreements, especially for October 31, 2026.
Ukraine proposes ceasefire in Black Sea to Russia
August 31 dips to 1%1%
Ukraine conveyed a proposal to Russia through a mediator to stop attacks on civilian targets in the Black Sea, aiming to reduce hostilities in a specific area. Moscow had not responded by the end of the analysis window, reflecting ongoing stalemate and limited progress toward a broader ceasefire.
Ukraine proposes ceasefire in Black Sea to Russia through mediator
December 31 drops to 19%8%
Ukraine conveyed a proposal to Russia via a mediator to stop attacks on civilian targets in the Black Sea, aiming to reduce hostilities in a specific conflict area. Moscow had not responded by the end of the analysis window, and the proposal did not constitute a general ceasefire, thus not qualifying as a full ceasefire agreement.
Ukraine proposes ceasefire in Black Sea to Russia through mediator
Ukraine conveyed a proposal to Russia via a mediator to stop attacks on civilian targets in the Black Sea, aiming to reduce hostilities in a specific conflict area. Moscow had not responded by the end of August. This localized ceasefire proposal did not meet the criteria for a general ceasefire agreement, thus not significantly affecting the broader ceasefire market probabilities.
Ukraine hands US new proposals aimed at ending war with Russia
June 30, 2027 surges to 68%18%
Ukrainian President Zelenskyy announced that Kyiv has submitted new proposals to the US to end the war with Russia, signaling ongoing diplomatic efforts and potential groundwork for future ceasefire talks. This raised some market optimism for longer-term ceasefire possibilities.
Zelenskyy and Trump envoys discuss resuming peace negotiations
March 31, 2027 rises to 41%4%
Ukrainian President Zelenskyy met with U.S. envoys linked to former President Trump to discuss resuming peace talks. This diplomatic engagement raised hopes for progress but did not produce a ceasefire, reflecting ongoing challenges and contributing to mixed market sentiment.
Kremlin says too early to comment on reported US-Ukraine air ceasefire talks
Reports emerged that the US and Ukraine were discussing a possible halt to aerial attacks as part of peace efforts, but the Kremlin considered it premature to comment. This indicated some diplomatic activity but no concrete ceasefire agreement, causing limited market impact.
Ukraine and U.S. discuss air ceasefire proposal to present to Russia
December 31 dips to 20%2%
Ukrainian and U.S. officials discussed a proposal for an air ceasefire to present to Russia as a first step toward reviving peace talks, though the Kremlin considered it premature to comment, reflecting ongoing diplomatic efforts amid stalled negotiations.
Ukraine and US discuss air ceasefire proposal ahead of Trump-Zelensky meeting
March 31, 2027 rises to 39%2%
Ukrainian and US officials discussed offering Russia an air ceasefire as a step to revive peace talks, ahead of a planned Trump-Zelensky meeting. Russia considered it premature to comment, reflecting cautious diplomatic engagement amid ongoing conflict.
Lavrov and Rubio hold talks in Manila amid stalled Russia-Ukraine peace negotiations
December 31 plunges to 27%16%
Russian Foreign Minister Sergey Lavrov and US Senator Marco Rubio met in Manila to discuss the Ukraine conflict, but significant differences remained, with Russia accusing the West of issuing ultimatums and skepticism about the West's willingness to negotiate, contributing to stalled peace talks and market uncertainty.
US and Russia prepare for talks as Zelenskyy and Trump's envoys discuss resuming negotiations
December 31 plunges to 27%16%
Preparations for renewed peace talks between the US, Russia, and Ukraine were underway, with Ukrainian President Zelenskyy and US envoys discussing resuming negotiations, reflecting ongoing diplomatic efforts despite persistent challenges and skepticism about near-term ceasefire agreements.
US negotiators hold marathon peace talks with Putin in Moscow
December 31 drops to 21%6%
US negotiators led by Steve Witkoff engaged in intense talks with Putin, aiming to resolve the conflict but with Russia maintaining firm territorial demands, leading to no breakthrough and continued market skepticism about a ceasefire by year-end.
Ukraine signals possible recalibration of ceasefire offer if UN fails to act
December 31 dips to 18%2%
Ukraine's UN envoy warned that Kyiv may modify its ceasefire offer if the UN Security Council does not pass a resolution urging a full and unconditional ceasefire, reflecting frustration with stalled diplomatic progress and impacting market sentiment negatively.
Zelensky says US pushing for Ukraine-Russia ceasefire by June 2026
Ukrainian President Zelensky stated that US envoys are pressing for a ceasefire agreement between Ukraine and Russia by June 2026, reflecting ongoing trilateral peace talks. This statement influenced market expectations for a ceasefire agreement by mid-2026, though skepticism remained due to unresolved issues.
US-Russia-Ukraine trilateral peace talks continue amid stalled progress
December 31 dips to 35%4%
Marathon negotiations in Moscow involving U.S. negotiators and Russian President Putin, with participation from Ukraine and U.S. envoys, continued without breakthrough due to unresolved territorial disputes. This prolonged diplomatic stalemate contributed to declining market confidence in a ceasefire by year-end.
US-Russia-Ukraine trilateral peace talks continue amid stalled progress
December 31 dips to 19%2%
Trilateral negotiations involving the US, Russia, and Ukraine continued with no breakthrough, as Russia maintained non-negotiable territorial demands and Ukraine sought security guarantees. The talks highlighted persistent obstacles to a comprehensive ceasefire or peace agreement, dampening market optimism.
Russia rejects Ukraine's ceasefire and direct talks proposal
December 31 drops to 38%6%
Russia explicitly rejected Ukraine's offer for direct talks and a ceasefire, with President Putin dismissing the proposal, maintaining the conflict's status quo and limiting market optimism for near-term ceasefire agreements.
Zelenskyy proposes full ceasefire and direct talks with Putin
December 31 dips to 20%3%
Ukrainian President Volodymyr Zelenskyy publicly proposed a full ceasefire for the duration of negotiations and direct talks with Russian President Vladimir Putin, signaling Kyiv's willingness to pursue peace but requiring international monitoring and security guarantees.
Zelensky: US pushing for Ukraine-Russia ceasefire by June 2026
Ukrainian President Zelensky stated that US envoys are pressing for a ceasefire agreement between Russia and Ukraine by June 2026, linking the push to US domestic politics and upcoming elections. This indicated ongoing diplomatic efforts but also political constraints.
Ukrainian President Zelenskyy proposes meeting with Putin and full ceasefire during negotiations
December 31 drops to 36%8%
In June 2026, Zelenskyy proposed a face-to-face meeting with Putin in a neutral country and called for a full ceasefire for the duration of negotiations. Putin rejected the proposal, stating no point in a meeting and indicating Russia would continue fighting, which dampened ceasefire prospects.
Zelensky says US pushing for Ukraine-Russia ceasefire by June 2026
March 31, 2027 drops to 32%5%
Ukrainian President Zelensky stated that US envoys are pressing for a ceasefire agreement by June 2026 amid ongoing trilateral talks, reflecting diplomatic pressure but also uncertainty about Russia's acceptance, influencing market sentiment downward.
Zelenskyy proposes full ceasefire as precondition for talks with Russia
December 31 drops to 21%6%
Ukrainian President Zelenskyy announced readiness for negotiations contingent on Russia agreeing to an unconditional 30-day ceasefire starting May 12. This firm stance underscored Ukraine's insistence on a reliable ceasefire before dialogue, highlighting ongoing challenges in reaching mutual agreement.
US, Ukraine push to resume peace talks with Russia aiming for partial ceasefire
December 31 jumps to 35%9%
Reports indicated renewed diplomatic efforts by the US and Ukraine to resume peace talks with Russia, aiming for a partial ceasefire by the end of 2026. This development increased market expectations for a ceasefire agreement by December 31, though skepticism remained due to unresolved issues.
Ukrainian President Zelensky proposes full ceasefire as precondition for talks with Russia
December 31 plunges to 24%26%
In early June 2026, President Zelensky proposed a full ceasefire for the duration of peace negotiations and a face-to-face meeting with Putin, signaling Ukraine's willingness to freeze the frontline. Russia rejected the offer, maintaining maximalist demands, which led to a decline in market confidence for a ceasefire by December 31, 2026.
Zelenskyy proposes full ceasefire during negotiations
March 31, 2027 rises to 41%4%
Ukrainian President Zelenskyy proposed a full ceasefire for the duration of negotiations in early June 2026, signaling Kyiv's willingness to pause hostilities to facilitate peace talks, which modestly increased market confidence in mid-2027 ceasefire outcomes.
Russian Foreign Minister Lavrov reiterates refusal to accept ceasefire freezing current frontline
October 31 drops to 11%7%
Russian Foreign Minister Sergei Lavrov stated Russia's unwillingness to accept a ceasefire that freezes the current frontline, emphasizing continuation of the war until Russia's terms are met. This hardened stance contributed to declining market confidence in near-term ceasefire agreements, particularly for the December 31 and October 31 outcomes.
Russian missile strike on Kyiv kills 21, undermining ceasefire prospects
December 31 dips to 19%2%
A Russian missile strike on Kyiv during the ceasefire period killed 21 people and breached the temporary truce, leading to condemnation from Ukraine and raising doubts about Russia's commitment to peace. This event negatively impacted market confidence in a near-term ceasefire agreement.
Russia declares unilateral ceasefire for Victory Day but warns of retaliation
December 31 drops to 26%9%
Russia announced a unilateral ceasefire for May 8-9 to coincide with Victory Day celebrations but simultaneously warned of a major strike on Kyiv if Ukraine disrupted the parade. This contradictory stance underscored the fragility of ceasefire efforts and limited market confidence in a lasting agreement.
Russia and Ukraine complete prisoner exchange under ceasefire agreement
December 31 dips to 22%3%
As part of the May 9-11 ceasefire agreement brokered by the U.S., Russia and Ukraine exchanged 205 prisoners each, demonstrating partial implementation of the ceasefire terms and sustaining cautious market optimism about diplomatic progress.
Russia and Ukraine complete prisoner exchange under ceasefire agreement
June 30, 2027 jumps to 59%8%
As part of the May 9-11 ceasefire brokered by the U.S., Russia and Ukraine exchanged 205 prisoners each on May 15, demonstrating partial implementation of the ceasefire terms and sustaining cautious market optimism about diplomatic progress.
Russia and Ukraine swap 205 prisoners as part of US-brokered ceasefire agreement
June 30, 2027 jumps to 64%14%
Following the May 9-11 ceasefire, Russia and Ukraine conducted a prisoner exchange of 205 POWs each, marking progress in the humanitarian aspect of the ceasefire. This event sustained market optimism for a ceasefire agreement by June 30, 2027, though fighting continued elsewhere.
Russia and Ukraine swap prisoners as part of US-brokered ceasefire agreement
June 30, 2027 rises to 62%3%
Following the May 9-11 ceasefire, Russia and Ukraine exchanged 205 prisoners each as a first step toward a larger prisoner swap under the US-mediated agreement. This development showed some diplomatic progress but did not lead to a broader ceasefire, maintaining cautious market optimism for longer-term agreements.
Russia and Ukraine conduct prisoner exchange following ceasefire
As part of the May 9-11 ceasefire agreement, Russia and Ukraine exchanged 205 prisoners each on May 15, marking a humanitarian step forward and reinforcing the ceasefire's temporary success, which supported market optimism about potential peace progress.
UN Secretary-General and international community welcome US-facilitated ceasefire and prisoner exchange
June 30, 2027 rises to 59%3%
The UN Secretary-General António Guterres welcomed the three-day ceasefire and the planned large-scale prisoner exchange, commending the US for facilitating the agreement and calling for a full, unconditional, and lasting ceasefire. This international endorsement underscored the diplomatic significance of the temporary truce.
Russia and Ukraine exchange 205 prisoners each amid fragile ceasefire
June 30, 2027 rises to 57%1%
As part of the US-brokered ceasefire agreement, Russia and Ukraine exchanged 205 prisoners of war each on May 15, marking the first phase of a larger planned exchange. Despite the prisoner swap, fighting resumed shortly after the ceasefire ended, underscoring the temporary nature of the truce.
Russia and Ukraine conduct prisoner exchange following ceasefire agreement
June 30, 2027 jumps to 59%8%
As part of the May 9-11 ceasefire agreement brokered by the U.S., Russia and Ukraine exchanged 205 prisoners each on May 15, demonstrating partial implementation of the ceasefire terms and sustaining cautious market optimism about diplomatic progress.
Russia resumes heavy drone and missile attacks after ceasefire expiration
December 31 drops to 42%6%
After the nominal Victory Day ceasefire expired, Russian forces launched over 1,560 drones and 56 ballistic and cruise missiles targeting Ukraine, signaling a return to high-intensity conflict. This undermined ceasefire prospects and contributed to market price declines for ceasefire likelihood.
Kremlin demands Ukrainian forces cease fire and withdraw from annexed oblasts as precondition for talks
December 31 drops to 42%6%
On May 13, Kremlin spokesperson Dmitry Peskov stated Ukraine must cease fire and withdraw from Russian-claimed territories as a precondition for negotiations, signaling hardened Russian demands and reducing prospects for a ceasefire, contributing to market price declines.
Russia and Ukraine declare competing unilateral ceasefires around Victory Day
October 31 dips to 31%4%
Both Russia and Ukraine announced separate unilateral ceasefires with different timelines and no coordination, undermining trust and the possibility of a meaningful pause in fighting, which negatively impacted market confidence in a ceasefire by October 31 and December 31.
Ukraine and Russia complete prisoner swap following May ceasefire
On May 15, Russia and Ukraine exchanged 205 prisoners each as part of the agreement linked to the May 9-11 ceasefire brokered by the U.S., reinforcing the temporary truce and sustaining market optimism about potential broader ceasefire agreements.
Kremlin demands Ukrainian ceasefire and withdrawal from annexed oblasts
December 31 drops to 42%6%
Kremlin spokesperson Dmitry Peskov stated that Ukraine must cease fire and withdraw from Russian-claimed Ukrainian oblasts as a precondition for further negotiations. This hardened stance reduced market optimism for a near-term ceasefire, contributing to price declines for October 31 and December 31 outcomes.
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