IBOV 172,812.43 ▼ 0.32% IPSA 10,877.68 ▼ 0.18% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL5.07▼ 0.33% USD/MXN17.39▼ 0.25% USD/CLP932.79▼ 0.18% USD/COP3,237▼ 0.97% USD/PEN3.39▲ 0.09% USD/ARS1,477▼ 0.30% USD/UYU40.11▲ 1.23% USD/PYG6,045▲ 1.76% USD/BOB10.80▲ 2.69% USD/DOP58.02▲ 0.31% USD/CRC446.12▲ 1.15% USD/GTQ7.62▲ 2.33% USD/HNL26.74▲ 1.61% USD/NIO36.62▲ 0.84% USD/VES735.39▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.73% USD/TTD6.73▲ 1.11% EUR/BRL5.79▼ 1.13% BRENT 91.08 ▲ 2.08% WTI 84.29 ▲ 1.27% IRON ORE 161.91 — — COPPER 6.56 ▲ 4.10% GOLD 4,083 ▲ 1.80% SILVER 59.39 ▲ 4.55% SOY 1,224 ▼ 0.16% CORN 475.00 ▲ 5.67% WHEAT 673.25 ▼ 0.11% COFFEE 323.15 ▼ 3.36% SUGAR 14.95 ▲ 0.88% ORANGE JUICE 146.85 ▼ 0.37% COTTON 80.03 ▲ 3.44% COCOA 5,580 ▲ 1.09% BEEF 222.73 ▼ 1.68% CATTLE 344.10 ▼ 2.24% LITHIUM 69.35 ▲ 3.62% PETR4 41.54 ▲ 0.95% VALE3 72.32 ▲ 0.54% ITUB4 42.37 ▲ 0.17% BBDC4 18.42 ▲ 0.05% ABEV3 15.80 ▲ 0.06% BBAS3 20.55 ▲ 1.88% B3SA3 15.00 ▼ 1.70% WEGE3 42.81 ▼ 0.74% PRIO3 58.54 ▲ 1.47% SUZB3 41.92 ▲ 0.07% RENT3 36.75 ▼ 1.97% AZZA3 17.77 ▼ 2.20% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.74 ▲ 5.38% GMAT3 3.82 ▼ 0.78% PSSA3 53.32 ▼ 1.62% CVCB3 1.14 ▲ 5.56% POSI3 3.75 ▲ 1.35% SLCE3 13.66 ▲ 0.66% NATU3 8.69 ▲ 0.70% BRKM5 5.94 — 0.00% RANI3 7.88 ▼ 1.38% CSNA3 5.10 ▲ 0.59% CMIN3 5.46 ▲ 1.30% USIM5 8.30 ▲ 1.72% GGBR4 23.64 ▲ 0.08% ENEV3 25.31 ▼ 1.33% CPFE3 46.29 ▼ 0.06% CMIG4 10.99 ▼ 0.27% EQTL3 38.41 ▼ 2.24% LREN3 13.25 ▼ 0.45% VIVT3 35.52 ▼ 0.42% RAIL3 13.29 ▼ 2.06% KLABIN 17.45 ▼ 0.17% RAIA DROGASIL 18.44 ▼ 1.34% RDOR3 33.35 ▼ 5.92% HAPV3 11.24 ▼ 2.68% FLRY3 16.36 ▼ 1.21% SMTO3 15.43 ▲ 0.13% UGPA3 31.47 ▼ 0.73% VBBR3 33.40 ▼ 2.08% BBSE3 41.07 ▲ 0.05% BPAC11 55.36 ▼ 0.86% CURY3 29.59 ▼ 1.99% AERI3 2.04 ▼ 1.45% VIVARA 21.44 ▼ 2.37% COMPASS 24.30 ▼ 1.22% VAMOS 3.13 ▲ 1.29% SANB11 27.36 ▲ 1.30% ASAI3 8.18 ▲ 0.49% SBSP3 28.39 ▼ 2.04% WALMEX 49.33 ▼ 0.10% GMEXICO 205.26 ▲ 2.21% FEMSA 228.05 ▲ 0.48% CEMEX 21.95 ▲ 0.32% GFNORTE 183.49 ▲ 1.94% BIMBO 59.25 ▼ 0.42% TELEVISA 9.83 ▲ 1.24% AMX 22.71 ▼ 0.13% GAP 378.45 ▲ 0.07% ASUR 273.20 ▼ 0.43% OMA 225.78 ▼ 0.29% KOF 181.42 ▲ 0.34% GRUMA 287.25 ▼ 0.12% KIMBER 38.08 ▼ 0.81% SQM-B 64,598 ▲ 2.34% COPEC 6,371 ▲ 2.76% BSANTANDER 78.71 ▲ 3.44% FALABELLA 5,822 ▼ 0.90% ENELAM 84.85 ▲ 0.88% CENCOSUD 2,014 ▲ 0.97% CMPC 1,078 ▲ 1.12% BANCO CHILE 189.96 ▲ 1.86% LATAM AIR 24.51 ▲ 0.41% YPF 80,625 ▲ 1.80% GGAL 7,995 ▲ 1.91% PAMPA 5,465 ▲ 3.70% TXAR 667.00 ▼ 0.52% ALUAR 967.50 ▲ 0.83% TGS 9,630 ▲ 1.37% CEPU 2,324 ▲ 1.53% MIRGOR 16,875 ▼ 1.46% COME 43.12 ▲ 0.40% LOMA NEGRA 3,638 ▲ 1.82% BYMA 293.50 ▼ 0.09% TELECOM ARG 4,180 ▲ 0.84% ECOPETROL 16.64 ▲ 3.81% BANCOLOMBIA 82.75 ▲ 2.39% GRUPO AVAL 4.97 ▲ 0.33% CREDICORP 394.53 ▲ 1.99% SOUTHERN COPPER 184.19 ▲ 5.21% BUENAVENTURA 31.09 ▲ 3.43% MERCADOLIBRE 1,808 ▼ 1.35% NUBANK 14.19 ▲ 1.41% XP 16.60 ▼ 1.22% PAGSEGURO 9.43 ▲ 1.51% STONE 11.10 ▼ 0.22% GLOBANT 32.13 ▼ 0.50% TECNOGLASS 45.62 ▼ 1.06% GAP AIRPORT 217.57 ▲ 0.21% ASUR 273.20 ▼ 0.43% OMA AIRPORT 103.98 ▼ 0.03% AMX ADR 26.07 ▼ 0.13% FEMSA ADR 131.17 ▲ 0.89% CEMEX ADR 12.63 ▲ 1.08% PETROBRAS ADR 18.40 ▲ 1.15% VALE ADR 14.20 ▲ 0.71% ITAU ADR 8.35 ▲ 0.30% SANTANDER BR 5.41 ▲ 0.65% AMBEV ADR 3.10 ▲ 0.65% CSN 1.02 ▲ 0.50% GERDAU 4.69 ▲ 0.11% LATAM ADR 52.62 ▲ 1.70% BTC 66,537 ▲ 2.00% ETH 1,926 ▲ 1.17% SOL 77.98 ▲ 0.24% XRP 1.15 ▲ 3.47% BNB 574.54 ▲ 0.67% ADA 0.17 ▲ 2.72% DOGE 0.07 ▲ 1.62% AVAX 6.62 ▲ 0.67% LINK 8.68 ▲ 1.10% DOT 0.85 ▲ 3.13% LTC 47.70 ▲ 0.77% BCH 225.24 ▲ 2.43% TRX 0.33 ▲ 0.61% XLM 0.19 ▲ 2.84% HBAR 0.07 ▲ 2.87% NEAR 1.94 ▼ 2.00% ATOM 1.49 — 0.00% AAVE 95.88 ▲ 6.80% SELIC 14.25% EMBRAER 83.05 ▼ 0.29% EMBRAER ADR 65.48 ▼ 0.68% JBS 11.85 ▼ 1.54% JBS BDR 60.02 ▼ 1.27% MBRF3 15.22 ▲ 4.82% MBRFY 2.96 ▲ 1.72% INTER 5.55 ▼ 1.33% EGX 53,990 ▲ 1.63% USD/ZAR16.45▼ 0.47% USD/NGN1,376▼ 0.27% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY163.00▲ 0.31% USD/CNY6.76▼ 0.18% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD1.14▼ 0.03% GBP/USD1.34▼ 0.54% SPX 7,510 ▲ 0.90% DJI 52,264 ▲ 0.82% NDX 29,146 ▲ 1.89% RUT 2,977 ▲ 1.19% TSX 35,307 ▲ 0.99% VIX 17.14 ▼ 8.10% USD/CAD1.41▲ 0.18% US10Y 4.6240 ▲ 0.57% IBOV 172,812.43 ▼ 0.32% IPSA 10,877.68 ▼ 0.18% IPC MEX 66,125.27 ▼ 0.74% MERVAL 3,281,489 ▲ 1.79% COLCAP 2,309.56 ▲ 0.49% BVL PERÚ 56,620.35 — — USD/BRL 5.07 ▼ 0.33% USD/MXN 17.39 ▼ 0.25% USD/CLP 932.79 ▼ 0.18% USD/COP 3,237 ▼ 0.97% USD/PEN 3.39 ▲ 0.09% USD/ARS 1,477 ▼ 0.30% USD/UYU 40.11 ▲ 1.23% USD/PYG 6,045 ▲ 1.76% USD/BOB 10.80 ▲ 2.69% USD/DOP 58.02 ▲ 0.31% USD/CRC 446.12 ▲ 1.15% USD/GTQ 7.62 ▲ 2.33% USD/HNL 26.74 ▲ 1.61% USD/NIO 36.62 ▲ 0.84% USD/VES 735.39 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 0.73% USD/TTD 6.73 ▲ 1.11% EUR/BRL 5.79 ▼ 1.13% BRENT 91.08 ▲ 2.08% WTI 84.29 ▲ 1.27% IRON ORE 161.91 — — COPPER 6.56 ▲ 4.10% GOLD 4,083 ▲ 1.80% SILVER 59.39 ▲ 4.55% SOY 1,224 ▼ 0.16% CORN 475.00 ▲ 5.67% WHEAT 673.25 ▼ 0.11% COFFEE 323.15 ▼ 3.36% SUGAR 14.95 ▲ 0.88% ORANGE JUICE 146.85 ▼ 0.37% COTTON 80.03 ▲ 3.44% COCOA 5,580 ▲ 1.09% BEEF 222.73 ▼ 1.68% CATTLE 344.10 ▼ 2.24% LITHIUM 69.35 ▲ 3.62% PETR4 41.54 ▲ 0.95% VALE3 72.32 ▲ 0.54% ITUB4 42.37 ▲ 0.17% BBDC4 18.42 ▲ 0.05% ABEV3 15.80 ▲ 0.06% BBAS3 20.55 ▲ 1.88% B3SA3 15.00 ▼ 1.70% WEGE3 42.81 ▼ 0.74% PRIO3 58.54 ▲ 1.47% SUZB3 41.92 ▲ 0.07% RENT3 36.75 ▼ 1.97% AZZA3 17.77 ▼ 2.20% CSAN3 3.78 ▼ 1.05% RAIZ4 0.27 — 0.00% PCAR3 2.74 ▲ 5.38% GMAT3 3.82 ▼ 0.78% PSSA3 53.32 ▼ 1.62% CVCB3 1.14 ▲ 5.56% POSI3 3.75 ▲ 1.35% SLCE3 13.66 ▲ 0.66% NATU3 8.69 ▲ 0.70% BRKM5 5.94 — 0.00% RANI3 7.88 ▼ 1.38% CSNA3 5.10 ▲ 0.59% CMIN3 5.46 ▲ 1.30% USIM5 8.30 ▲ 1.72% GGBR4 23.64 ▲ 0.08% ENEV3 25.31 ▼ 1.33% CPFE3 46.29 ▼ 0.06% CMIG4 10.99 ▼ 0.27% EQTL3 38.41 ▼ 2.24% LREN3 13.25 ▼ 0.45% VIVT3 35.52 ▼ 0.42% RAIL3 13.29 ▼ 2.06% KLABIN 17.45 ▼ 0.17% RAIA DROGASIL 18.44 ▼ 1.34% RDOR3 33.35 ▼ 5.92% HAPV3 11.24 ▼ 2.68% FLRY3 16.36 ▼ 1.21% SMTO3 15.43 ▲ 0.13% UGPA3 31.47 ▼ 0.73% VBBR3 33.40 ▼ 2.08% BBSE3 41.07 ▲ 0.05% BPAC11 55.36 ▼ 0.86% CURY3 29.59 ▼ 1.99% AERI3 2.04 ▼ 1.45% VIVARA 21.44 ▼ 2.37% COMPASS 24.30 ▼ 1.22% VAMOS 3.13 ▲ 1.29% SANB11 27.36 ▲ 1.30% ASAI3 8.18 ▲ 0.49% SBSP3 28.39 ▼ 2.04% WALMEX 49.33 ▼ 0.10% GMEXICO 205.26 ▲ 2.21% FEMSA 228.05 ▲ 0.48% CEMEX 21.95 ▲ 0.32% GFNORTE 183.49 ▲ 1.94% BIMBO 59.25 ▼ 0.42% TELEVISA 9.83 ▲ 1.24% AMX 22.71 ▼ 0.13% GAP 378.45 ▲ 0.07% ASUR 273.20 ▼ 0.43% OMA 225.78 ▼ 0.29% KOF 181.42 ▲ 0.34% GRUMA 287.25 ▼ 0.12% KIMBER 38.08 ▼ 0.81% SQM-B 64,598 ▲ 2.34% COPEC 6,371 ▲ 2.76% BSANTANDER 78.71 ▲ 3.44% FALABELLA 5,822 ▼ 0.90% ENELAM 84.85 ▲ 0.88% CENCOSUD 2,014 ▲ 0.97% CMPC 1,078 ▲ 1.12% BANCO CHILE 189.96 ▲ 1.86% LATAM AIR 24.51 ▲ 0.41% YPF 80,625 ▲ 1.80% GGAL 7,995 ▲ 1.91% PAMPA 5,465 ▲ 3.70% TXAR 667.00 ▼ 0.52% ALUAR 967.50 ▲ 0.83% TGS 9,630 ▲ 1.37% CEPU 2,324 ▲ 1.53% MIRGOR 16,875 ▼ 1.46% COME 43.12 ▲ 0.40% LOMA NEGRA 3,638 ▲ 1.82% BYMA 293.50 ▼ 0.09% TELECOM ARG 4,180 ▲ 0.84% ECOPETROL 16.64 ▲ 3.81% BANCOLOMBIA 82.75 ▲ 2.39% GRUPO AVAL 4.97 ▲ 0.33% CREDICORP 394.53 ▲ 1.99% SOUTHERN COPPER 184.19 ▲ 5.21% BUENAVENTURA 31.09 ▲ 3.43% MERCADOLIBRE 1,808 ▼ 1.35% NUBANK 14.19 ▲ 1.41% XP 16.60 ▼ 1.22% PAGSEGURO 9.43 ▲ 1.51% STONE 11.10 ▼ 0.22% GLOBANT 32.13 ▼ 0.50% TECNOGLASS 45.62 ▼ 1.06% GAP AIRPORT 217.57 ▲ 0.21% ASUR 273.20 ▼ 0.43% OMA AIRPORT 103.98 ▼ 0.03% AMX ADR 26.07 ▼ 0.13% FEMSA ADR 131.17 ▲ 0.89% CEMEX ADR 12.63 ▲ 1.08% PETROBRAS ADR 18.40 ▲ 1.15% VALE ADR 14.20 ▲ 0.71% ITAU ADR 8.35 ▲ 0.30% SANTANDER BR 5.41 ▲ 0.65% AMBEV ADR 3.10 ▲ 0.65% CSN 1.02 ▲ 0.50% GERDAU 4.69 ▲ 0.11% LATAM ADR 52.62 ▲ 1.70% BTC 66,537 ▲ 2.00% ETH 1,926 ▲ 1.17% SOL 77.98 ▲ 0.24% XRP 1.15 ▲ 3.47% BNB 574.54 ▲ 0.67% ADA 0.17 ▲ 2.72% DOGE 0.07 ▲ 1.62% AVAX 6.62 ▲ 0.67% LINK 8.68 ▲ 1.10% DOT 0.85 ▲ 3.13% LTC 47.70 ▲ 0.77% BCH 225.24 ▲ 2.43% TRX 0.33 ▲ 0.61% XLM 0.19 ▲ 2.84% HBAR 0.07 ▲ 2.87% NEAR 1.94 ▼ 2.00% ATOM 1.49 — 0.00% AAVE 95.88 ▲ 6.80% SELIC 14.25% EMBRAER 83.05 ▼ 0.29% EMBRAER ADR 65.48 ▼ 0.68% JBS 11.85 ▼ 1.54% JBS BDR 60.02 ▼ 1.27% MBRF3 15.22 ▲ 4.82% MBRFY 2.96 ▲ 1.72% INTER 5.55 ▼ 1.33% EGX 53,990 ▲ 1.63% USD/ZAR 16.45 ▼ 0.25% USD/NGN 1,376 ▲ 0.02% NIKKEI 66,232 ▲ 3.26% CSI300 4,739 ▲ 3.06% HSI 25,132 ▼ 0.04% NIFTY 24,188 ▼ 0.21% KOSPI 6,748 ▲ 3.56% JCI 6,340 ▲ 1.74% USD/JPY 163.02 ▲ 0.35% USD/CNY 6.7550 ▼ 0.04% DAX 25,011 ▲ 0.66% CAC 8,363 ▲ 0.28% FTSE 10,586 ▲ 0.58% MIB 52,285 ▲ 0.81% IBEX 19,380 ▲ 0.90% STOXX 643.19 ▲ 0.56% EUR/USD 1.1410 ▼ 0.04% GBP/USD 1.3371 ▼ 0.41% SPX 7,510 ▲ 0.90% DJI 52,264 ▲ 0.82% NDX 29,146 ▲ 1.89% RUT 2,977 ▲ 1.19% TSX 35,307 ▲ 0.99% VIX 17.14 ▼ 8.10% USD/CAD 1.4101 ▲ 0.16% US10Y 4.6240 ▲ 0.57%
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Tuesday, July 21, 2026

Analysis Europe and Russia

Reigniting Peace: The Resurgence of Negotiations in the Ukraine Conflict

By · July 27, 2024 · 2 min read

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(Analysis) After two years and five months of devastation, a fresh initiative to resolve the Ukraine War is gaining traction in Russia and beyond.

In recent weeks, Russia has made both public and secretive moves to revive peace talks, stalled since March 29, 2022. Yet, profound disagreements continue to challenge mediation efforts.

Kremlin and Russian Defense Ministry insiders report that President Vladimir Putin’s recent peace terms are serious.

He proposes Ukraine’s neutrality and disarmament, with Russian control over four regions annexed in September 2022.

These regions’ annexation is internationally unrecognized, complicating negotiations further.

At a NATO summit in Washington, diplomats and a consultant suggested Putin might compromise to avoid military defeat.

They speculated on potential Ukrainian territorial concessions, contrasting sharply with Ukraine’s firm stance against ceding unlawfully seized territory.

Reigniting Peace: The Resurgence of Negotiations in the Ukraine Conflict. (Photo Internet reproduction)
Reigniting Peace: The Resurgence of Negotiations in the Ukraine Conflict. (Photo Internet reproduction)
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Private communications indicate some Ukrainian military officials might be more open to negotiations than President Volodymyr Zelensky’s public statements suggest.

Despite controlling about 20% of Ukraine, Putin faces hurdles like international sanctions and the cost of ongoing military operations.

In eastern Ukraine, there are indications that the extent of Moscow’s territorial advances may be exaggerated.

The Ukrainian counteroffensive in 2023 has posed significant challenges to Russian forces, which, although not fully meeting its goals, has inflicted considerable losses and logistical difficulties on them.

These strains continue to impact the effectiveness of Russian military operations in the region.

Russia’s military is increasing missile production and maintaining artillery superiority but depleting its Soviet-era reserves.

This strain has led to reliance on conscripts and hired soldiers. Meanwhile, increased support from Western allies has strengthened Ukrainian defenses, potentially shifting the war’s dynamics.

The ongoing negotiations narrative features global involvement. Hungarian Prime Minister Viktor Orbán, during his EU presidency, embarked on a “peace tour.”

He engaged leaders like Zelenski, Putin, Xi Jinping, and former U.S. President Donald Trump, who criticized U.S. support for Ukraine.

Orbán conveyed Putin’s peace terms to European leaders, sparking controversy and highlighting the delicate balance in international relations.

Reigniting Peace: The Resurgence of Negotiations in the Ukraine Conflict

Ukraine’s Foreign Minister Dmitro Kuleba, during a visit to China, emphasized Ukraine’s readiness to negotiate, a sentiment supported by Chinese officials for a peaceful resolution.

Putin’s spokesman, Dmitri Peskov, expressed willingness for direct talks, though challenges to Zelensky’s legitimacy, based on postponed elections due to martial law, complicate dialogue.

As the American election approaches, the global dynamics around the Ukraine conflict remain fluid, with possible shifts in policy and alliances.

Even Brazil’s offer to co-mediate with China underscores the international desire to resolve this prolonged conflict.

 

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