Kremlin: Three-Party Talks on Ukraine Not Ruled Out

This signals a potential shift in diplomatic posture, but the Kremlin's vagueness on timing keeps expectations in check. For markets, any credible path toward de-escalation could reduce geopolitical risk premiums, though the lack of concrete steps means the impact is likely muted for now. The open question is whether this rhetoric translates into a formal negotiation framework, which would be the real catalyst to watch. Until then, the situation remains fluid, and any perceived progress is fragile.