KREMLIN SPOKESPERSON PESKOV STATES PUTIN CAN ONLY MEET ZELENSKIY TO CONCLUDE DEALS ON THE CONFLICT

Kremlin spokesperson Dmitry Peskov stated that President Vladimir Putin would only meet with Ukrainian President Volodymyr Zelenskiy to finalize agreements on ending the conflict, signaling a conditional stance on diplomacy. This reiterates Russia's position that any resolution must be based on existing territorial claims, limiting near-term prospects for de-escalation and constraining risk appetite toward Russian assets. The lack of openness to unconditional talks reinforces expectations of prolonged geopolitical isolation, keeping downward pressure on Russian financial instruments and foreign capital inflows. Sanctions-sensitive assets, including Russian sovereign debt and equity, remain particularly exposed to further geopolitical hardening. Traders will watch for any shifts in rhetoric during upcoming diplomatic overtures or third-party mediation efforts, such as potential talks involving China or the Gulf states.

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