Putin Says Ukrainian Conflict Is Nearing Its End

Quick summary

Putin stated that he considers the Ukrainian conflict close to completion, although combat operations continue in several regions of Ukraine. Kyiv rejects Russian conditions for negotiations, insisting on the restoration of the country's territorial integrity before the start of peace talks.

Why it matters

Putin's statement may influence the course of currency exchange rates and energy prices in Russia and globally, which remain sensitive to any signals about a possible end to the conflict. For Russians, this could mean changes in economic policy and possible sanctions depending on how the situation develops in negotiations.

Key takeaways

• ›Putin publicly assessed that the conflict in Ukraine is approaching its end, according to the South China Morning Post.
• ›Moscow has repeatedly stated conditions for negotiations; Kyiv has rejected them, insisting on full territorial restoration as a precondition.
• ›Ukraine's government had not officially responded to Putin's remarks at the time of publication.