Kremlin spokesman Dmitry Peskov stated that Moscow seeks a lasting peace in Ukraine rather than a temporary ceasefire, asserting that the Russian position remains unchanged. He also indicated that Finland’s President Alexander Stubb would be assessed based on whether his diplomatic involvement offers a constructive contribution beyond merely repeating the common European position.

US housing data showed continued weakness, contributing to downward pressure on bond yields as markets also reacted to reports of progress toward ending the war in Iran. Separately, US special envoy Steve Witkoff reportedly proposed direct three-way talks between the US, Russia, and Ukraine to secure a ceasefire, a development that would mark the first such summit since 2022.

Kirill Dmitriev responded to a statement by the US president suggesting that Ukraine and President Zelensky should seek a settlement to the conflict.

EU Foreign Policy Chief Kaja Kallas stated that the European Commission intends to propose new restrictions on Russian oil within the 22nd sanctions package. She acknowledged that these measures are being considered despite ongoing energy challenges within Europe.