Ongoing diplomatic efforts under the Trump administration have featured bilateral calls and meetings between Trump and Putin or Zelensky, alongside envoy-level trilateral talks in Abu Dhabi and Geneva earlier this year, yet no in-person gathering of all three leaders has occurred. As of mid-May 2026, Russia’s breach of a recent three-day ceasefire and insistence on Ukrainian withdrawals from Donetsk as a precondition for further talks have stalled momentum. Putin has signaled openness to a bilateral meeting with Zelensky in a third country only after core conditions for a deal are settled, while territorial and security disputes continue to block any trilateral format. These persistent barriers sustain trader consensus that such a sighting remains unlikely before 2027.