Russia has rejected the latest ceasefire proposal and continues its military strikes on Ukrainian territory, according to the Kyiv Post. This escalation occurs in a conflict that began with the Russian invasion in February 2022, which has seen strikes target multiple Ukrainian cities and infrastructure. Prospects for diplomatic resolution now appear significantly reduced, with military activities persisting at high intensity. Markets reflect this pessimism, with only 26% confidence in the possibility of a ceasefire by December 31, 2026.
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