Recent diplomatic efforts by the United States have produced exploratory contacts and proposals for technical-level or trilateral discussions, yet Moscow has repeatedly cited Ukrainian drone strikes and demanded comprehensive agreements rather than interim measures before any leader-level engagement. Ukrainian officials continue to signal readiness for direct talks, including potential formats involving third parties, but Russian positions emphasize preconditions and reject immediate bilateral summits. This prolonged impasse, with no confirmed venue or timeline for a Putin-Zelenskyy meeting, underpins the dominant market assessment that no such encounter will occur by the end of 2027. Low probabilities assigned to specific countries reflect the absence of agreed neutral sites or breakthrough signals in ongoing negotiations.