Financial Times reports that an energy truce agreement remains unprepared with no clear timeline, while Ukrainian officials warn any deal would expire by the 2026 U.S. midterm elections.
According to the Financial Times, an energy truce agreement between Russia and Ukraine is not yet finalized, and it remains unclear when or if it will materialize.
The proposed agreement, if reached, would reportedly expire no later than November 3, 2026, the date of the U.S. midterm congressional elections. This timeline would allow Russia to conduct its presidential election and repair oil refineries, while giving Republicans, backed by Donald Trump, additional political leverage ahead of the midterms. Trump has previously blamed Ukraine for high global fuel prices.
Ukrainian sources argue that the deal offers Ukraine nothing in return. They demand immediate delivery of a "winter anti-ballistic package" including 300 PAC-3 interceptors. Without such guarantees, they warn Russia will violate the truce after the 2026 deadline and systematically target Ukrainian energy infrastructure.
Meanwhile, Russia would retain intact refining capacity and full oil export capabilities, generating revenue for missile production. The report also notes that global fuel prices are unlikely to fall because the key to price relief lies with Trump's unwillingness to ease pressure on Iran.
https://t.me/smolii_ukraine/162789