Trump Says Russia–Ukraine Peace Talks Are Advancing, Orders Parallel Meetings in Moscow and Kyiv
President Donald Trump said negotiations to end the Russia–Ukraine war have made “tremendous progress,” directing U.S. envoys to hold parallel engagements with Russian and Ukrainian officials as his team refines a 28-point peace framework. The remarks, posted on Truth Social, suggest the White House is seeking to push talks into their final phase, a development markets would view through the lens of risk appetite, energy risk premia and FX volatility.
What Trump Announced
– The president said a 28-point plan to end the conflict has been updated with input “from both sides,” leaving only “a few unresolved issues.” – He instructed Special Envoy Steve Witkoff to travel to Moscow to meet President Vladimir Putin, while saying Secretary of the Army Dan Driscoll will hold simultaneous discussions with Ukrainian counterparts. – Trump said he will receive updates from Witkoff, Vice President JD Vance, Marco Rubio, Pete Hegseth and Chief of Staff Susie Wiles. – He added he hopes to meet President Volodymyr Zelenskyy and Putin personally, but only when a deal is final or in its last stages. – Trump argued the war “would have never started” under his leadership and cited 25,000 soldiers killed last month, a figure BPayNews could not independently verify from his post.
No text of the 28-point plan was published alongside the statement, and neither Moscow nor Kyiv had issued immediate public confirmation of the reported meetings at the time of writing.
Possible Market Implications
Geopolitical de-escalation tends to recalibrate risk premia across commodities, rates and FX: – Energy: A credible pathway to a cease-fire would typically pressure crude and European natural gas risk premia, while easing supply-disruption hedges. Conversely, any breakdown in talks could reprice upside tails in the energy complex. – Agriculture: Ukraine-related headlines remain a key driver for Black Sea logistics and grain flows; wheat and corn often respond quickly to perceived improvements in corridor security. – Rates and FX: Hopes of a truce can support risk appetite, favoring cyclicals and European assets while moderating demand for safe havens. That setup can translate into softer USD/CHF/JPY and tighter core sovereign yields. The Russian rouble and Ukrainian hryvnia remain sensitive to perceived changes in conflict trajectory. – Defense equities: A sustainable de-escalation path could spur profit-taking in select defense names, though longer-term procurement cycles may limit immediate earnings impact.
Negotiation Track and Next Steps
The White House approach appears to center on parallel tracks to maintain momentum while preserving optionality for a leader-level meeting when terms are largely settled. Trump said he hopes peace “as soon as possible,” but offered no firm timetable. The durability of any framework will hinge on verification mechanisms, security guarantees and the sequencing of territorial and sanctions-related provisions—issues that have historically been the sticking points.
What’s Still Unclear
– The scope and content of the 28 points have not been disclosed. – The precise mandate and level of participation from Moscow and Kyiv were not detailed in the post. – Independent confirmation of casualty figures and negotiating milestones was not available.
Market Highlights – Parallel U.S.-led diplomatic outreach reported to Moscow and Kyiv. – 28-point peace plan “refined,” with a handful of issues still open, according to Trump. – Leader-level summit only if talks are in final stages. – Energy, grain, rates and FX markets poised to react to the credibility and sequencing of any truce.
Q&A
What did Trump actually announce? He said his team has made strong progress on a 28-point peace plan, dispatching Special Envoy Steve Witkoff to meet President Putin in Moscow while Army Secretary Dan Driscoll meets Ukrainian officials in parallel.
Has the peace plan been released? No. Trump referenced a refined 28-point framework but did not publish details in his Truth Social post.
Are the Moscow and Kyiv meetings confirmed by both sides? Trump described the meetings as forthcoming, but there was no immediate public confirmation from Russian or Ukrainian officials.
How might markets respond? Credible de-escalation tends to reduce geopolitical risk premia, pressuring energy and supporting risk assets while easing safe-haven demand. FX volatility could compress, with potential support for European cyclicals and the euro if a durable path to a cease-fire emerges.
Last updated on November 25th, 2025 at 08:11 pm
