U.S. Senator Richard Blumenthal, a Democrat from Connecticut, has called on the House of Representatives to approve a Senate-passed sanctions bill against Russia, describing the situation as a « moment of extreme urgency » amid the ongoing war in Ukraine. The legislation aims to pressure Russia’s wartime economy, with no ceasefire currently in place. Market pricing reflects an 18.5% probability of a ceasefire agreement by December 31, 2026, a slight decline from earlier estimates. The likelihood of a ceasefire by October 31, 2026, stands at just 6.5%, indicating growing skepticism about near-term peace prospects.
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