Ukraine’s constitution and martial law legislation prohibit presidential, parliamentary, and local elections while the wartime regime remains in force, with the current 90-day extension running through October 31, 2026. Parliament reinforced this barrier on October 1–2 by passing a resolution confirming that no vote can occur until martial law is lifted after a “just and lasting peace,” directly addressing external calls for elections. A parliamentary working group has concluded that credible polling requires at least six months of post-ceasefire stability plus new electoral legislation, ruling out any call in 2026. Traders therefore focus on ceasefire timelines, future martial-law extensions, and any legislative changes that could open a narrow window for an announcement once hostilities subside.