President Donald Trump has spent the past several days on a diplomatic sprint, setting the groundwork for a potential trilateral meeting with Russian leader Vladimir Putin and Ukrainian President Volodymyr Zelenskyy to discuss pathways to end the yearslong war.

"Not everyone may remember this, but in 1994, Ukraine already got assurances of territorial integrity from the U.S., Russia, and the U.K. In Budapest," Polish Prime Minister Donald Tusk said.

Not everyone may remember, but in 1994 Ukraine already got assurances of territorial integrity from US, Russia, UK in Budapest,' says Donald Tusk - Anadolu Ajansı

Polish Prime Minister Donald Tusk has voiced his scepticism about selecting the Hungarian capital as a site for a possible trilateral meeting involving the presidents of the US, Russia and Ukraine to discuss the next steps in negotiating an end to the war.

As peace talks between Ukraine and Russia gain traction, Western leaders insist on enforceable security guarantees for Ukraine. “Article 5-like” protections, European troop deployments, and U.S. support may form a new deterrence model—if backed by credible enforcement.

The Kremlin has played down talk of an imminent summit between Russian President Vladimir Putin and Ukraine's Volodymyr Zelensky, as Donald Trump renewed his call for the two leaders to meet to discuss ending the war in Ukraine.

Polish Prime Minister Donald Tusk stated that he does not support the idea of holding future peace talks on Ukraine in Hungary, Sky News reports. According to the White House, US President Donald Trump proposed Budapest as the venue for a meeting between Vladimir Putin and Volodymyr Zelenskyy,

The forint strengthened, and interest in Hungarian bank bonds increased following leaks of Budapest being potential venue for peace talks ending war in Ukraine.

Russia’s Foreign Minister Sergey Lavrov warned that ‘discussing security guarantees without the Russian Federation is … a road to nowhere’.

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