Trilateral talks between Ukraine, Russia and the US are to continue into Wednesday, reports Interfax

Trilateral talks between Ukraine, Russia and the US are to continue into Wednesday, reports Interfax.

Multi-day extensions of high-level negotiations have historically cut both ways: continuation is read as evidence that neither side has walked, but it equally signals that gaps remain wide enough to require another session, and markets have tended to fade the initial de-escalation move once no joint communiqué materialises. Episodes of this kind follow a recognisable sequence, with the tape trading on scheduling headlines and leak-driven optimism before any substantive framework emerges, and the durable repricing coming only on concrete terms rather than process. The transmission channels are established: crude and refined products on supply-risk premium, European gas on transit and infrastructure exposure, grains on Black Sea export corridors, and European defence names in the opposite direction to the de-escalation trade. Interfax as the reporting outlet matters, since Russian wire sourcing on negotiation status has historically reflected the Kremlin's preferred framing, and confirmation from Kyiv or Washington is the tell that separates genuine momentum from positioning. The follow-ons worth noting are whether Wednesday's session produces a joint statement, a further date, or silence, since the third outcome has in past rounds marked the stall.