US, Russia and Ukraine are planning to meet again next week, possibly in Miami or Abu Dhabi, POLITICO reports

• US has made clear to Ukraine that it will not finalize a deal on security guarantees to protect Ukraine from future Russian aggression until Kyiv and Moscow reach an overall agreement to end the war.
• The sides reached broad agreement on how to define a ceasefire and what a demilitarized zone could look like should leaders decide to end the fighting.

The upcoming meeting between the US, Russia, and Ukraine highlights a critical juncture in negotiations that could shape future security dynamics in the region. The US's insistence on linking security guarantees to a broader peace agreement underscores the complexities involved, while the reported agreements on ceasefire and demilitarized zones suggest potential avenues for de-escalation. Market participants should be wary of volatility in related assets, particularly in commodities and currencies, as developments may influence risk sentiment and geopolitical stability.