Putin, Witkoff Discuss Resuming Russia-US-Ukraine Trilateral Talks

The signal here is the format, not the substance: a trilateral channel that has been dormant is being discussed again at the presidential-envoy level, which matters more for risk sentiment around the war than for any immediate policy shift. The absence of a date, venue or outcome is the tell — this is an opening, not a breakthrough, and the two sides may be testing positions rather than converging. For markets exposed to the conflict, the open question is whether this channel produces a concrete meeting, since a format without logistics tends to fade.