Russian President Vladimir Putin has publicly stated that Russia’s war on Ukraine is “coming to an end,” a remark made during the Victory Day weekend that coincides with a three-day ceasefire (9–11 May) brokered by US President Donald Trump. The Kremlin has signalled openness to deeper peace talks as the truce holds into its final day.
What Putin Said
- Putin: war is “coming to an end” — statement on Victory Day weekend (9 May)
- Foreign-affairs adviser Yuri Ushakov confirmed Russia’s acceptance of the three-day ceasefire
- Ukrainian President Volodymyr Zelenskyy also confirmed Ukraine’s side of the truce
- 1,000-for-1,000 prisoner exchange was part of the deal
Background: The Three-Day Truce
- Trump announced the ceasefire on Friday 8 May
- Halt to all kinetic activity from 9, 10, 11 May
- Trump framed it as the “beginning of the end” of the long war
- Russia’s Victory Day commemorates the WWII defeat of Nazi Germany
Why It Matters
- First time both sides simultaneously paused fighting and exchanged prisoners since the full-scale invasion
- Putin’s public framing — “coming to an end” — is the most direct concession so far
- Sets up Trump’s diplomatic team to push for a longer truce or framework deal
- Markets and energy traders are watching for signals on Russian-oil sanctions easing
What To Watch Next
- Whether kinetic activity resumes when the 11 May window closes
- A follow-on diplomatic meeting (Istanbul or Riyadh are floated venues)
- Territorial concessions language from either side
- NATO and EU response to any framework deal
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