Russia-U.S.-Ukraine Trilateral Talks End First Day, to Resume Wednesday

The absence of any stated outcome after a full day of trilateral engagement is itself the signal: with Russia, the United States and Ukraine in the same format, the fact that talks are continuing rather than collapsing is the only concrete takeaway available. For markets exposed to the region, the relevant read is procedural — a sustained negotiating channel, not a resolution. Whether the parties move from process to substance, and whether any readout emerges from the second day, is the open question.