Ukraine Peace Deal 'Really Close'
Analysis based on 6 articles · First reported Dec 07, 2025 · Last updated Dec 08, 2025
The prospect of a peace deal in the Ukraine war could positively impact global markets by reducing geopolitical uncertainty, potentially leading to a decrease in energy prices and an increase in investor confidence. However, the Kremlin's demand for 'radical changes' to US proposals suggests continued volatility and a prolonged negotiation process, which could temper market optimism.
US Special Envoy for Ukraine, Keith Kellogg, stated that a deal to end the Ukraine war is 'really close', with only two major issues remaining: the future of the Donbas region and the Zaporizhzhia Nuclear Power Plant. This comes after Vladimir Putin held talks with Donald Trump's envoys, Steve Witkoff and Jared Kushner. However, Russia's top foreign policy aide, Yuri Ushakov, indicated that the United States would need to make 'radical changes' to its peace proposals. Ukrainian President Volodymyr Zelenskyy has expressed opposition to handing over Donetsk without a referendum. The conflict has resulted in over 2 million casualties, and Russia currently controls 19.2% of Ukraine's territory. Leaked US draft proposals, which reportedly conceded to Moscow's demands on NATO and Russian territorial control, have caused alarm among Ukrainian and European officials.
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