**Trilateral summit prospects remain remote through the end of 2026.** Kremlin spokesman Dmitry Peskov has consistently stated that any meeting among Presidents Trump, Putin, and Zelensky would serve only to formalize preexisting agreements, not to negotiate them, rendering such a gathering pointless without prior breakthroughs. Earlier trilateral envoy talks in Abu Dhabi and Geneva earlier this year produced no durable progress and have not resumed at the leaders’ level. Recent U.S. efforts, including envoys Witkoff and Kushner’s September shuttles and the scheduled Trump-Zelensky bilateral on the margins of the UN General Assembly, focus on de-escalation steps such as energy infrastructure pauses rather than convening the three principals. Moscow has rejected direct Putin-Zelensky contact outside strict conditions, while active fighting continues without a ceasefire. With only months remaining before 2027 and no scheduled leaders’ forum, traders assign a high probability that no trilateral meeting will occur.