**Ongoing martial law, extended through at least late October 2026 and renewable in 90-day increments, continues to bar presidential elections under Ukrainian law, allowing incumbent Volodymyr Zelenskyy to remain in office per constitutional provisions even after his 2019 term expired in May 2024.** Recent developments, including U.S. President Donald Trump’s October 2026 calls for a leadership change and Zelenskyy’s counteroffer to hold elections only after a verified 60-day Russian ceasefire, have not altered this framework. European allies have publicly reaffirmed support for the current government, while domestic polling shows strong opposition (around 71%) to wartime voting despite declining support for Zelenskyy seeking another term. With active conflict persisting and no ceasefire or martial law lift on the immediate horizon, the conditions required for an election or other removal before mid-2027 remain distant, aligning with trader consensus that Zelenskyy will stay in office.