Upcoming multilateral summits offer the strongest near-term path for a trilateral encounter. Chinese President Xi Jinping will host the APEC leaders’ meeting in Shenzhen on November 18–19, 2026, with U.S. President Donald Trump confirming attendance and Russian President Vladimir Putin planning to participate in person. Kremlin statements indicate that a three-way discussion on the sidelines has been raised internally and could be facilitated by the host. A subsequent G20 gathering in Miami in December provides another window, though Putin’s participation there appears less likely. Recent bilateral Trump-Xi engagements and ongoing diplomatic channels on trade, security, and regional issues have sustained momentum toward such a gathering before year-end, shaping trader assessments of the implied probability.