Russia maintains its position that any settlement must deliver a comprehensive long-term peace agreement rather than a temporary ceasefire, as restated by Kremlin spokesman Dmitry Peskov on October 12, 2026. Moscow rejected Ukrainian President Volodymyr Zelenskyy’s proposal for a 60-day truce to enable presidential elections and has not confirmed U.S. President Donald Trump’s October 11 announcement of an energy ceasefire, with Russian strikes on Ukrainian energy facilities continuing afterward. Ongoing U.S.-mediated diplomatic contacts and prior trilateral talks have yet to bridge core differences over territorial control and security guarantees. These dynamics shape trader assessments of near-term ceasefire prospects.