Kyiv has already agreed to a ceasefire and its position is that Moscow needs to agree to one as well before discussing other matters, a person familiar with the matter said - Bloomberg

Kyiv has already agreed to a ceasefire and its position is that Moscow needs to agree to one as well before discussing other matters, a person familiar with the matter said - Bloomberg

Kyiv has reiterated its stance that a full ceasefire is contingent on Moscow's agreement, according to a person familiar with the matter [1]. This position comes amidst ongoing diplomatic efforts to end the three-year conflict.

Russia's U.N. Ambassador Vasily Nebenzya recently stated that a full ceasefire is "unrealistic" under current circumstances, challenging diplomatic efforts to halt the fighting [1]. This assertion follows Ukraine's acceptance of a 30-day ceasefire proposal in March, conditioned on Russia's halt to hostilities and support for Ukraine's defenses. However, Russia has refused to agree to these terms, demanding a halt to foreign military aid and restrictions on the Ukrainian Armed Forces [1].

Despite the lack of progress, the U.S. has continued to push for a ceasefire. U.S. officials met with European counterparts in Paris on April 17 to discuss securing a full ceasefire within weeks [3]. These talks, which included discussions between U.S. Secretary of State Marco Rubio and French President Emmanuel Macron, focused on halting hostilities immediately and establishing a framework for lasting peace. U.S. officials expect tangible progress soon, while European participants have urged Washington to prepare a harsher response if Moscow fails to engage [3].

Separately, Ukraine and the U.S. have signed a memorandum of intent as an initial step toward an agreement on developing minerals in Ukraine [2]. The memorandum paves the way for an Economic Partnership Agreement and the establishment of an Investment Fund for the Reconstruction of Ukraine. This deal is seen as a potential boon for both countries, with Ukraine aiming to attract investments for infrastructure modernization and business support [2].

However, the path to a ceasefire remains fraught with challenges. Russia and Ukraine have traded accusations of violating a tentative U.S.-brokered deal to pause strikes on energy infrastructure [4]. Both sides have accused each other of breaching the deal, with Russia alleging that Ukraine has been attacking energy facilities since the start of the ceasefire, and Ukraine countering that Russia has launched numerous missile strikes and drone attacks [4].

The situation underscores the complexities of negotiating an end to the conflict. Despite the ongoing diplomatic efforts, the road to a full ceasefire remains uncertain. Investors and financial professionals should closely monitor developments, as the outcome of these negotiations could have significant implications for the Ukrainian economy and global financial markets.

References:
[1] https://kyivindependent.com/russia-calls-ukraine-ceasefire-unrealistic-despite-trumps-peace-efforts/
[2] https://www.aljazeera.com/news/2025/4/17/ukraine-and-us-sign-memorandum-on-minerals-deal-kyiv-says
[3] https://kyivindependent.com/us-pushes-for-ukraine-ceasefire-in-paris-talks-hopes-to-achive-results-soon/
[4] https://www.newsmax.com/world/globaltalk/russia-ukraine-war-us-turkey/2025/04/12/id/1206673/