Peace negotiations between Ukraine and Russia held in Istanbul have abruptly failed following an ultimatum from the Kremlin:
Russia demands formal recognition of the occupied regions as Russian territories.
Ukraine, firm in its sovereignty, categorically rejected the proposal.
Key points:
The dialogue has stalled following intense Russian pressure on Donetsk, Luhansk, Zaporizhia, and Kherson.
Sources close to the process indicate that Kiev views the ultimatum as an 'unacceptable red line.'
Tension escalates again on the eastern front, with reported military movements.
What does this imply?
A new phase of uncertainty, both geopolitical and economic, that could shake global markets, including conflict-sensitive cryptocurrencies.
