The Russia-Ukraine process has experienced twists and turns: The preparation for the "Trump-Putin meeting" has encountered obstacles, and Europe has clearly responded to Trump for the first time, calling for an "immediate ceasefire."

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2025.10.21 12:37
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Leaders from multiple European countries signed a joint statement on the 21st, supporting an immediate ceasefire based on the current front lines and the initiation of peace talks. Influenced by the rising expectations of a ceasefire, safe-haven assets such as precious metals experienced a sharp decline, with New York gold futures dropping by as much as 2% and New York silver falling by 5%. However, the Russian Foreign Minister stated that the call for an "immediate ceasefire" is tantamount to ignoring the root causes of the conflict and contradicts the consensus previously reached by the presidents of Russia and the United States. This casts a shadow over the preparatory meeting originally scheduled for this week and introduces uncertainty regarding Trump's earlier announcement of holding the "Trump meeting" within "two weeks."