IBOV 175,739 ▼ 1.20% IPSA 10,928 ▼ 1.17% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL5.13▼ 0.05% USD/MXN17.49▼ 0.22% USD/CLP932.70▲ 0.85% USD/COP3,235▼ 0.85% USD/PEN3.41▼ 0.04% USD/ARS1,482▼ 0.07% USD/UYU40.22— 0.00% USD/PYG6,045▼ 0.17% USD/BOB10.35▲ 6.04% USD/DOP58.37▼ 0.19% USD/CRC448.53▲ 1.22% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.41% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.69▲ 0.70% USD/TTD6.74▲ 1.05% EUR/BRL5.87▲ 0.84% BRENT 84.95 ▲ 1.98% WTI 79.84 ▲ 2.18% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.12% GOLD 4,027 ▲ 0.74% SILVER 58.14 ▲ 0.87% SOY 1,190 ▼ 1.00% CORN 459.50 ▲ 4.97% WHEAT 637.00 ▲ 1.59% COFFEE 330.50 ▼ 3.64% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 137.15 ▼ 7.24% COTTON 81.49 ▲ 1.96% COCOA 5,808 ▼ 1.88% BEEF 234.95 ▼ 0.11% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.61 ▼ 1.33% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.68 ▲ 1.05% GRUMA 281.37 ▼ 0.57% KIMBER 38.22 ▲ 0.24% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 62,756 ▲ 0.83% ETH 1,788 ▲ 0.82% SOL 75.31 ▲ 0.60% XRP 1.07 ▲ 0.47% BNB 570.36 ▲ 0.66% ADA 0.16 ▲ 1.06% DOGE 0.07 ▲ 0.50% AVAX 6.48 ▲ 0.56% LINK 7.97 ▲ 1.24% DOT 0.84 ▲ 0.41% LTC 43.76 ▲ 0.62% BCH 235.20 ▼ 0.44% TRX 0.32 ▲ 0.21% XLM 0.18 ▼ 0.64% HBAR 0.07 ▼ 0.10% NEAR 1.97 ▲ 2.73% ATOM 1.53 ▼ 0.65% AAVE 96.18 ▲ 1.93% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.03 ▲ 0.33% INTER 5.65 ▼ 2.92% EGX 52,608 ▲ 0.67% USD/ZAR16.44▼ 0.18% USD/NGN 1,378 — 0.00% NIKKEI 67,214 ▼ 0.04% CSI300 4,677 ▼ 0.39% HSI 24,100 ▼ 0.47% NIFTY 24,088 ▼ 0.51% KOSPI 6,779 ▼ 0.40% JCI 6,069 ▲ 0.52% USD/JPY162.30▼ 0.09% USD/CNY6.78— 0.00% DAX 25,114 ▲ 0.19% CAC 8,365 ▲ 0.31% FTSE 10,498 ▲ 0.01% MIB 52,809 ▲ 0.37% IBEX 19,336 ▼ 0.25% STOXX 641.01 ▼ 0.01% EUR/USD1.14▲ 0.11% GBP/USD1.34▼ 0.18% SPX 7,515 ▼ 0.79% DJI 52,499 ▼ 0.26% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,253 ▼ 0.15% VIX 17.16 ▲ 14.17% USD/CAD1.41▼ 0.17% US10Y 4.6090 ▲ 0.88% IBOV 175,739 ▼ 1.20% IPSA 10,928 ▼ 1.17% IPC MEX 65,973 ▼ 0.79% MERVAL 3,235,295 ▼ 1.37% COLCAP 2,307.67 — UNCH BVL PERÚ 56,917.82 ▼ 0.86% USD/BRL 5.13 ▼ 0.05% USD/MXN 17.49 ▼ 0.22% USD/CLP 932.70 ▲ 0.85% USD/COP 3,235 ▼ 0.85% USD/PEN 3.41 ▼ 0.04% USD/ARS 1,482 ▼ 0.07% USD/UYU 40.22 ▲ 0.96% USD/PYG 6,045 ▲ 1.22% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.37 ▼ 0.19% USD/CRC 448.53 ▲ 1.22% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.41% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▲ 0.24% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 0.70% USD/TTD 6.74 ▲ 1.05% EUR/BRL 5.87 ▲ 0.87% BRENT 84.95 ▲ 1.98% WTI 79.84 ▲ 2.18% IRON ORE 161.91 — — COPPER 6.37 ▲ 2.12% GOLD 4,027 ▲ 0.74% SILVER 58.14 ▲ 0.87% SOY 1,190 ▼ 1.00% CORN 459.50 ▲ 4.97% WHEAT 637.00 ▲ 1.59% COFFEE 330.50 ▼ 3.64% SUGAR 14.76 ▼ 0.81% ORANGE JUICE 137.15 ▼ 7.24% COTTON 81.49 ▲ 1.96% COCOA 5,808 ▼ 1.88% BEEF 234.95 ▼ 0.11% CATTLE 354.20 ▼ 0.11% LITHIUM 70.24 ▼ 2.88% PETR4 40.66 ▲ 2.55% VALE3 72.85 ▼ 1.79% ITUB4 43.52 ▼ 1.76% BBDC4 18.77 ▼ 0.48% ABEV3 15.83 ▲ 0.06% BBAS3 20.24 ▼ 1.65% B3SA3 15.12 ▼ 1.95% WEGE3 44.39 ▼ 4.56% PRIO3 57.20 ▲ 3.16% SUZB3 41.49 ▼ 0.14% RENT3 40.20 ▼ 2.19% AZZA3 19.22 ▲ 0.63% CSAN3 3.90 ▼ 4.18% RAIZ4 0.33 ▼ 5.71% PCAR3 2.59 ▼ 5.13% GMAT3 3.94 ▼ 0.76% PSSA3 54.04 ▼ 1.69% CVCB3 1.25 — 0.00% POSI3 3.99 ▲ 0.50% SLCE3 13.87 ▼ 1.07% NATU3 8.60 ▼ 0.92% BRKM5 6.94 ▲ 4.68% RANI3 7.95 ▼ 0.75% CSNA3 5.24 ▲ 1.16% CMIN3 5.45 ▲ 4.21% USIM5 8.38 ▼ 0.83% GGBR4 22.82 ▼ 0.83% ENEV3 26.88 ▼ 2.43% CPFE3 46.84 ▼ 2.15% CMIG4 11.07 ▼ 2.72% EQTL3 40.21 ▼ 1.71% LREN3 14.15 ▼ 3.21% VIVT3 34.73 ▼ 2.85% RAIL3 14.11 ▼ 1.74% KLABIN 17.48 ▼ 0.34% RAIA DROGASIL 18.20 ▼ 3.04% RDOR3 35.56 ▼ 1.28% HAPV3 10.46 ▼ 1.32% FLRY3 16.15 ▼ 1.64% SMTO3 16.37 — 0.00% UGPA3 30.93 ▲ 0.72% VBBR3 32.76 ▼ 0.73% BBSE3 40.28 ▼ 0.17% BPAC11 57.52 ▼ 2.06% CURY3 33.12 ▼ 3.19% AERI3 2.08 ▼ 0.48% VIVARA 23.11 ▼ 1.79% COMPASS 24.77 ▼ 2.86% VAMOS 3.02 ▼ 1.31% SANB11 27.37 ▼ 0.91% ASAI3 8.71 ▼ 1.80% SBSP3 30.37 ▼ 2.38% WALMEX 49.66 ▲ 0.69% GMEXICO 195.76 ▼ 1.74% FEMSA 225.36 ▲ 0.92% CEMEX 21.79 ▼ 0.32% GFNORTE 181.91 ▼ 2.51% BIMBO 55.97 ▼ 0.23% TELEVISA 9.61 ▼ 1.33% AMX 22.86 ▲ 0.70% GAP 407.66 ▼ 1.17% ASUR 278.66 ▼ 2.27% OMA 232.47 ▼ 1.70% KOF 181.68 ▲ 1.05% GRUMA 281.37 ▼ 0.57% KIMBER 38.22 ▲ 0.24% SQM-B 67,211 ▼ 0.80% COPEC 6,057 ▼ 1.33% BSANTANDER 78.20 ▼ 1.01% FALABELLA 5,905 — 0.00% ENELAM 84.20 ▼ 1.41% CENCOSUD 2,040 ▼ 0.25% CMPC 1,078 ▼ 2.80% BANCO CHILE 185.00 ▼ 2.05% LATAM AIR 24.90 ▼ 5.18% YPF 77,175 ▲ 3.73% GGAL 8,095 ▼ 2.88% PAMPA 5,225 ▲ 0.87% TXAR 661.50 ▼ 1.42% ALUAR 964.50 ▼ 1.13% TGS 9,580 ▼ 0.16% CEPU 2,324 ▼ 3.01% MIRGOR 17,050 ▼ 1.16% COME 44.85 ▼ 2.31% LOMA NEGRA 3,500 ▼ 2.30% BYMA 308.25 ▼ 1.83% TELECOM ARG 4,248 ▲ 0.06% ECOPETROL 15.88 ▲ 1.93% BANCOLOMBIA 80.42 ▼ 3.05% GRUPO AVAL 4.91 ▼ 3.16% CREDICORP 389.22 ▼ 2.89% SOUTHERN COPPER 174.53 ▼ 0.74% BUENAVENTURA 29.82 ▼ 0.60% MERCADOLIBRE 1,867 ▲ 0.81% NUBANK 13.67 ▼ 0.65% XP 16.37 ▼ 3.25% PAGSEGURO 9.28 ▲ 0.32% STONE 11.15 ▼ 0.54% GLOBANT 32.12 ▲ 7.21% TECNOGLASS 42.84 ▼ 2.41% GAP AIRPORT 232.77 ▼ 1.22% ASUR 278.66 ▼ 2.27% OMA AIRPORT 106.13 ▼ 1.77% AMX ADR 26.02 ▲ 0.04% FEMSA ADR 129.01 ▲ 1.06% CEMEX ADR 12.45 ▼ 0.24% PETROBRAS ADR 17.88 ▲ 3.23% VALE ADR 14.18 ▼ 1.94% ITAU ADR 8.47 ▼ 1.74% SANTANDER BR 5.34 ▼ 1.02% AMBEV ADR 3.06 ▼ 0.33% CSN 1.03 ▲ 1.49% GERDAU 4.49 ▼ 0.22% LATAM ADR 53.33 ▼ 5.53% BTC 62,756 ▲ 0.83% ETH 1,788 ▲ 0.82% SOL 75.31 ▲ 0.60% XRP 1.07 ▲ 0.47% BNB 570.36 ▲ 0.66% ADA 0.16 ▲ 1.06% DOGE 0.07 ▲ 0.50% AVAX 6.48 ▲ 0.56% LINK 7.97 ▲ 1.24% DOT 0.84 ▲ 0.41% LTC 43.76 ▲ 0.62% BCH 235.20 ▼ 0.44% TRX 0.32 ▲ 0.21% XLM 0.18 ▼ 0.64% HBAR 0.07 ▼ 0.10% NEAR 1.97 ▲ 2.73% ATOM 1.53 ▼ 0.65% AAVE 96.18 ▲ 1.93% SELIC 14.25% EMBRAER 83.01 ▼ 1.88% EMBRAER ADR 64.48 ▼ 2.32% JBS 11.80 ▼ 0.92% JBS BDR 60.61 ▼ 0.28% MBRF3 15.72 ▲ 1.09% MBRFY 3.03 ▲ 0.33% INTER 5.65 ▼ 2.92% EGX 52,608 ▲ 0.67% USD/ZAR 16.45 ▼ 0.04% USD/NGN 1,378 — 0.00% NIKKEI 67,214 ▼ 0.04% CSI300 4,677 ▼ 0.39% HSI 24,100 ▼ 0.47% NIFTY 24,088 ▼ 0.51% KOSPI 6,779 ▼ 0.40% JCI 6,069 ▲ 0.52% USD/JPY 162.31 ▼ 0.08% USD/CNY 6.7815 ▲ 0.16% DAX 25,114 ▲ 0.19% CAC 8,365 ▲ 0.31% FTSE 10,498 ▲ 0.01% MIB 52,809 ▲ 0.37% IBEX 19,336 ▼ 0.25% STOXX 641.01 ▼ 0.01% EUR/USD 1.1395 ▲ 0.07% GBP/USD 1.3360 ▲ 0.08% SPX 7,515 ▼ 0.79% DJI 52,499 ▼ 0.26% NDX 29,264 ▼ 1.88% RUT 2,953 ▼ 0.83% TSX 35,253 ▼ 0.15% VIX 17.16 ▲ 14.17% USD/CAD 1.4131 ▼ 0.16% US10Y 4.6090 ▲ 0.88%
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World-News Europe and Russia

Zelensky’s Decree Makes Peace Talks Impossible

By · August 29, 2025 · 2 min read

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As of late August 2025, no direct negotiations have taken place between President Volodymyr Zelensky and President Vladimir Putin. The reason is not hidden. On October 4, 2022, Zelensky signed Presidential Decree No. 679/2022.

It records the “impossibility of conducting negotiations with the President of the Russian Federation V. Putin.” This law remains in force and makes any leader-level talks legally impossible.

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The European Union has chosen to align itself fully with this position. EU Council conclusions repeatedly stress that “the path to peace in Ukraine cannot be decided without Ukraine.”

At the same time, the EU endorses Zelensky’s ten-point Peace Formula. That plan demands complete Russian withdrawal, restoration of all occupied territory, and accountability before negotiations can proceed.

In June 2024, Switzerland hosted a “Summit on Peace in Ukraine.” Russia was not invited, after publicly showing no interest, and the final Joint Communiqué reflected principles drawn from Ukraine’s formula.

Zelensky’s Decree Makes Peace Talks Impossible
Zelensky’s Decree Makes Peace Talks Impossible. (Photo Internet reproduction)
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Official words from senior Western leaders reinforce this approach. EU High Representative Josep Borrell stated in 2022: “Battles are won on the battlefield with weapons.”

His office continues to frame support for Ukraine in terms of military strength. The European Council itself adopted the phrase “peace through strength” in its 2025 conclusions.

Ukraine’s Decree Locks Out Peace Talks With Putin

On the U.S. side, Defense Secretary Lloyd Austin said in April 2022 that Washington wanted Russia “weakened to the degree that it can’t do the kinds of things that it has done in invading Ukraine.”

These are not the signals of compromise. They are the statements of a strategy that ties peace to Russia’s defeat. Inside Ukraine, even the parliament has reinforced this line.

In February 2025, the Verkhovna Rada urged avoiding any contacts with Putin except for comprehensive peace negotiations and prisoner-of-war exchanges.

Combined with the decree, this position locks Kyiv into a stance where talks with Putin himself remain off the table. Realist scholar John J. Mearsheimer has consistently argued that NATO’s expansion and U.S. policy triggered confrontation with Russia.

He warns that Ukraine has become the ground for a proxy war and that ignoring Russian security demands makes peace unachievable.

Whether one agrees or not, the official record confirms that today’s diplomatic deadlock is shaped not by Moscow’s refusal but by Ukraine’s binding law, by EU insistence on maximalist conditions, and by Western leaders’ open calls to weaken Russia.

The result is clear. Zelensky is not the man standing ready at the table for compromise. He is the man whose own decree ensures the table stays empty.

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