Ukraine’s position in US-brokered peace talks has consistently rejected binding caps on its armed forces that would constrain mobilization or long-term defense capacity. Draft proposals from late 2025 that floated limits around 600,000 personnel were revised or dropped after Ukrainian pushback, with later versions omitting strict numerical restrictions in favor of discussions limited to peacetime force structure. As of September 2026, active hostilities continue without agreement, Russia has expanded its own army to 1.55 million active personnel, and fresh trilateral talks remain stalled over territorial and security issues. Traders see little prospect of Kyiv accepting externally imposed limits before 2027 given these entrenched red lines and battlefield dynamics.