Ongoing US-mediated talks in Abu Dhabi, the first substantive trilateral negotiations between Ukraine, Russia, and the US since February 2026, center on postwar security guarantees and Russia's longstanding demand that Ukraine renounce NATO membership. Washington has proposed NATO-style Article 4 and 5 commitments for Kyiv without alliance accession, alongside potential EU membership and investment incentives, while Russia seeks formal neutrality, military limits, and territorial arrangements such as a Donbas demilitarized zone. Ukrainian officials have stressed the need for enforceable protections if NATO membership is off the table, and the talks have included coordination with European partners on broader continental security architecture, including revival of the NATO-Russia Council. These developments, amid reports of flexibility on sequencing and guarantees, shape trader assessments of timelines for any Ukrainian commitment to neutrality.