Trump, Putin discuss Ukraine ceasefire, potential easing of Russia sanctions
Former U.S. President Donald Trump and Russian President Vladimir Putin discussed a potential ceasefire in Ukraine and the possibility of easing Russia sanctions during a phone call on April 29, 2026. The talks, initiated by Moscow, signal a potential de-escalation in the conflict, though no formal agreements have been reached. Market indicators reflect cautious optimism, with increased pricing for a ceasefire by June 30, 2026.
- ▪Trump and Putin held a phone call on April 29, 2026, to discuss reducing tensions and a potential Ukraine ceasefire.
- ▪The market for a Russia-Ukraine ceasefire by June 30, 2026, has risen to 9.5% YES from 8% a week earlier.
- ▪No definitive agreements were reached, and there has been no significant change in related markets such as U.S.-Iran relations.
- ▪The discussions included the possibility of easing sanctions on Russia, but no concrete steps have been announced.
- ▪The call follows previous diplomatic efforts, including February trilateral talks with Ukraine and an August 2025 summit in Alaska.
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## Market Snapshot Russia x Ukraine ceasefire market is priced at 9.5% YES, up from 8% a week ago. This market shows moderate volume, with a 1-point fluctuation noted recently. ## Key Takeaways – Recent discussions between Trump and Putin appear to suggest a potential de-escalation in the Russia-Ukraine conflict. – The market for a Russia-Ukraine ceasefire by June 30, 2026, shows an increase in YES pricing, consistent with potential short-term diplomatic progress. – There is no significant change in related markets concerning US-Iran relations, indicating the focus remains on US-Russia dialogues. ## Article Body In a recent development, former U.S.
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