Russian Foreign Minister Sergei Lavrov has rejected calls for a ceasefire and threatened intensified strikes against entities supporting Ukraine’s military. This position aligns with Russia’s continued commitment to aggressive military action as part of its full-scale conflict with Ukraine. Market odds for a ceasefire agreement by the end of 2026 have decreased, reflecting participants’ view of a significant escalation. Observers will closely monitor responses from key international actors including the U.S., NATO, and the United Nations.
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