Pope Francis sent his foreign minister, Archbishop Paul Gallagher, to meet his Russian counterpart Sergei Lavrov in Moscow. This meeting marks the end of five years of diplomatic silence between the Vatican and Russia. Both parties discussed the Ukraine conflict, with the Holy See resuming its historical role as an international mediator. Markets now price the odds of a ceasefire between Russia and Ukraine at 26.5% by December 31, 2026, up from 24% the day before, suggesting that diplomatic efforts could lead to an agreement.
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