Zelensky: Ukraine Won’t Cede More Territory to End Conflict

Zelensky's explicit rejection of ceding territory, paired with his readiness for a ceasefire, signals where Kyiv is drawing its negotiating line — and it sits close to the current front line rather than beyond it. The gap between the 25% proposal he dismissed and the roughly 19.3% Russia is said to control is the space any deal would have to navigate. Whether that gap narrows through diplomacy or remains fixed is the open question, and it matters most for markets tied to Ukraine's reconstruction and for European security risk pricing.