TREE NEWS update: Kremlin aide Yuri Ushakov said US envoy Steve Witkoff presented new EU and Kyiv proposals to President Vladimir Putin that contain little of real use for advancing a peace settlement. Putin and Witkoff discussed resuming trilateral talks between Russia, the United States and Ukraine, and Putin said Russia is in principle ready to resume negotiations. Discussions on a post-conflict security system for Russia and Ukraine are expected around November 10.
Kremlin Says EU-Kyiv Proposals Offer Little Value for Peace
The Kremlin's dismissal of the EU and Kyiv proposals, paired with Putin's stated readiness in principle to resume trilateral talks, points to a familiar pattern: willingness to talk while rejecting the substance on the table. The more telling detail is the scheduled discussion of a post-conflict security system, which suggests the parties are at least laying groundwork beyond immediate cease-fire mechanics. What matters for markets watching this conflict is whether that security discussion actually convenes, and whether Washington's mediation produces anything the Kremlin treats as substantive rather than dismissible.
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