Analysis

Kremlin spokesperson Dmitry Peskov's statement that there are 'no deadlines and can't be any' for preparing a memorandum on settlement with Ukraine underscores the protracted and complex nature of potential peace negotiations. While contacts between Russia and Ukraine have reportedly been reestablished and the concept of a memorandum was previously discussed between Russian President Putin and U.S. President Donald Trump, with Ukrainian President Zelenskyy acknowledging its potential to form a 'roadmap that ends the war,' Peskov’s comments emphasize significant hurdles remain. He highlighted that drafts from both sides would need to be exchanged and subjected to 'complicated discussions' to produce a unified text, further noting Russia's interest in 'eliminating the root causes of the conflict.' This cautious official stance, reflected in the neutral sentiment (0.1 score) and low market impact signals (0.3 score), suggests that while diplomatic channels are being explored, a resolution is not imminent, and the process is fraught with detailed challenges.