Procedural Talks Continue

The most likely path is that the Abu Dhabi meeting produces a formal channel, agenda items, and follow-on meetings but no substantive ceasefire terms. Budanov leading Ukraine’s delegation signals seriousness on security issues, while Vladimir Medinsky’s role suggests Moscow may prioritize political theater and maximalist framing.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.