Ukraine has officially agreed to a 30-day ceasefire following diplomatic discussions mediated by the United States in Jeddah, Saudi Arabia. The agreement includes a provision allowing Ukraine to receive unrestricted military aid and intelligence support from the U.S. In return, Washington is set to acquire a 50% stake in Ukrainian mineral revenues, which will be used to fund reconstruction efforts. While Ukrainian officials have welcomed the ceasefire, they remain cautious about Russia’s stance, as Moscow has yet to confirm its participation in the temporary truce.
Despite the ceasefire, tensions remain high as Russia has outlined its own set of conditions, including the withdrawal of Western military advisors from Ukrainian territory. The Kremlin has expressed skepticism over the deal, stating that any meaningful ceasefire must be mutually agreed upon with its own security interests taken into account. Meanwhile, NATO and European allies continue to support Ukraine diplomatically and militarily, urging Russia to comply with the agreement for long-term stability in the region.
U.S. President Donald Trump is expected to discuss the ceasefire directly with Russian President Vladimir Putin in the coming days. While the White House has called this agreement a step toward peace, many experts remain skeptical about its longevity, given the history of failed truces in the ongoing war. Global markets have responded positively to the development, with oil prices stabilizing amid hopes of reduced geopolitical risks. However, analysts warn that a breakdown in talks could quickly escalate tensions once again.
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