Persistent gaps between Russia and Ukraine on territorial control in Donbas and postwar security guarantees continue to block any direct leaders' meeting, as evidenced by the recent technical-level trilateral talks in Abu Dhabi that addressed prisoner exchanges and limited ceasefires but left core disputes unresolved. Moscow has repeatedly conditioned a summit on prior agreement to its demands, while Kyiv insists territorial questions require heads-of-state involvement only after progress on guarantees. Trader consensus on no meeting before 2027 aligns with these structural barriers and historical patterns of stalled negotiations. A realistic shift could occur if US-mediated follow-up rounds produce concrete concessions enabling a leaders' summit in a neutral third country such as Turkey or the UAE within the remaining timeline.
This market will resolve according to the location of the next meeting between Volodymyr Zelenskyy and Vladimir Putin by December 31, 2026, 11:59 PM ET. If no meeting takes place by December 31 ET, this market will resolve to "No meeting before 2027". A meeting is defined as any encounter where Zelenskyy and Putin are both present and interact with each other in person. For the purpose of this market, a meeting held on Ukrainian territory under the de facto control of Russia (e.g., Crimea) will be considered part of Russia. The primary resolution source for this market will be a consensus of credible reporting.