TRUMP SAYS PUTIN AND ZELENSKIY DO NOT HAVE TO BE IN THE SAME ROOM TO SIGN A PEACE DEAL, ADDING THAT THE U.S. HAS GIVEN A LOT TO UKRAINE AND THAT IT IS TIME FOR UKRAINE TO END THIS WAR

Former U.S. President Donald Trump stated that Vladimir Putin and Volodymyr Zelensky do not need to be in the same room to sign a peace agreement, and argued that Washington has already provided substantial support to Ukraine and that Kyiv should now move to end the war. The headline frames a shift toward a negotiated settlement that could be structured through separate or intermediary channels rather than a direct summit. Markets would primarily transmit this through geopolitical risk premia, with the most sensitive exposures in European energy and commodity-linked assets, Russian-linked instruments where accessible, Ukrainian sovereign debt, and defense equities, which typically reprice on perceived shifts in the probability of a ceasefire or sanctions relief. The key near-term catalyst to watch is any formal announcement of negotiation format, venue, or a proposed framework, as well as subsequent statements from the Kremlin and Kyiv confirming or rejecting the approach.

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