Russia/Ukraine talks start

Forex Short News

Russia and Ukraine are holding a third round of peace talks today (July 23) in Istanbul, Turkey; previous rounds occurred in May and June.

  • Expectations are low for a major breakthrough, with both sides signaling cautious outlooks.

  • President Trump has increased pressure on Russia, warning of new economic sanctions if no peace deal is reached by early September.

  • Ukraine’s key demands include the return of children taken to Russia and a direct meeting between Zelenskyy and Putin.

  • Russia is focused on recovering bodies of Ukrainian soldiers and may pursue prisoner exchanges for political leverage.

Turkey’s Foreign Minister is giving the opening remarks and says:

  • Our aim is to end this 40 war as soon as possible
  • Our hope is that parties will hold results – oriented talks on memorandum they exchanged

Delegations & Key Participants

Ukraine

  • Rustem Umerov (Chair): Former Defense Minister and Secretary of Ukraine’s National Security & Defense Council

  • Accompanied by senior officials from the Foreign Ministry, military intelligence, and the presidential office

Russia

  • Vladimir Medinsky (Chair): Kremlin aide and former culture minister Delegation includes:

    • Mikhail Galuzin – Deputy Foreign Minister

    • Aleksandr Fomin – Deputy Defense Minister

    • Igor Kostyukov – Head of Russia’s military intelligence (GRU)

Turkey (Host & Mediator)

  • Hakan Fidan – Turkish Foreign Minister (chairing the meeting)

  • Ibrahim Kalın – Head of National Intelligence Organization (MIT)

  • Gen. Metin Gürak – Chief of Turkish General Staff

No Heads of State

  • Neither President Zelenskyy nor President Putin is attending.

    • Zelenskyy continues to push for a direct summit with Putin, though the Kremlin says extensive work is still needed before that happens .

This article was written by Greg Michalowski at investinglive.com.