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International peace talks

Ukraine Peace Deal 'Really Close'

Analysis based on 6 articles · First reported Dec 07, 2025 · Last updated Dec 08, 2025

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Attention
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Articles
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Market Impact
General
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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.

Defense Energy

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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Keith Kellogg, the outgoing US Special Envoy for Ukraine, stated that a peace deal is 'really close' and identified the Donbas and Zaporizhzhia Nuclear Power Plant as the two main outstanding issues.
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Keith Kellogg related NATO
Keith Kellogg related Russia
Keith Kellogg related Ukraine
Yuri Ushakov diplomatic contact Steve Witkoff Yuri Ushakov utilizes Steve Witkoff as a key US backchannel, receiving guidance on navigating communications between Vla
Yuri Ushakov counterpart Jared Kushner Yuri Ushakov engaged with Jared Kushner to establish direct, unofficial lines of communication between the Russian gover
Yuri Ushakov related NATO
Yuri Ushakov related Russia
Yuri Ushakov related Ukraine
Steve Witkoff co-envoys Jared Kushner Steve Witkoff leads the US diplomatic delegation to Moscow, working closely with Jared Kushner to present Donald Trump's
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