U.S. and Russian negotiators are racing to finalize a potential agreement that would freeze the war in Ukraine and lock in Moscow’s control over key territories, setting the stage for a possible Trump-Putin summit as early as next week.

The move is creating ripple effects across markets with oil prices dropping, gold trimming earlier gains and stocks rising to near record highs.

Ukraine Ceasefire Talks Gain Momentum

According to Bloomberg, citing sources familiar with the matter, the proposal would involve Ukraine ceding the entire eastern Donbas region and Crimea to Russia.

In exchange, Moscow would halt …

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