Ukraine and Russia showed some signs of progress in negotiations Wednesday as Kremlin spokesman Dmitry Peskov said a proposal for Ukraine to become a neutral country but retain its own armed forces “could be viewed as a certain kind of compromise.”
Ukrainian President Volodymyr Zelenskiy said Russia’s “positions in the negotiations sound more realistic” in an address to the nation, though he said efforts are still needed to reach an agreement.
Stocks rallied to session highs after the Financial Times reported that significant progress was being made in the talks underway between the two sides to try to end the war, even though many obstacles to a deal remain. The S&P 500 jumped as much as 2% before trimming gains.
