Economy May 18, 2026 06:05 AM

Kremlin Says Peace Talks with Ukraine Paused, Expects Restart

Moscow responds to U.S. comments after deadly strike in Kyiv and a major drone attack near the capital

By Nina Shah

The Kremlin on Monday characterized the Russia-Ukraine peace process as temporarily paused but affirmed expectations that negotiations will resume. The statement came after U.S. President Donald Trump said a Russian missile strike on a Kyiv apartment building that killed 24 people, including three children, had delayed peace efforts. Kremlin spokesman Dmitry Peskov directed attention to Ukrainian strikes on civilian targets inside Russia, while Moscow also reported a large drone attack over the weekend that killed at least three people in the region around the capital.

Kremlin Says Peace Talks with Ukraine Paused, Expects Restart

Key Points

  • Kremlin says the Russia-Ukraine peace process is on pause but expects it to resume - political/diplomatic sector impact.
  • U.S. President Donald Trump said a Russian missile strike on a Kyiv apartment building, which killed 24 including three children, delayed peace efforts - humanitarian and geopolitical implications.
  • Kremlin spokesman Dmitry Peskov highlighted Ukrainian strikes on civilian targets in Russia; Moscow also reported a major weekend drone attack with at least three fatalities near the capital - security and defense sectors affected.

The Kremlin said on Monday that talks aimed at resolving the Russia-Ukraine conflict are currently on pause, but that Moscow anticipates they will restart in time. The comment was issued in response to remarks by U.S. President Donald Trump that linked recent deadly attacks to a slowdown in peace efforts.

President Trump told reporters on Friday that a Russian missile strike on a Kyiv apartment building, which killed 24 people including three children, had delayed efforts to reach a settlement in the four-year conflict. The Kremlin's response emphasized a different line of focus.

Kremlin spokesman Dmitry Peskov said attention should instead be paid to strikes by Ukraine on civilian targets inside Russia. The statement did not offer new details beyond urging attention to those strikes.

Separately, Moscow reported it had endured its largest drone attack in more than a year over the weekend. Russian authorities said the assault resulted in at least three fatalities in the broader region surrounding the capital. The Kremlin did not link those weekend fatalities directly to the pause in peace discussions in its public remarks.

The exchanges of public statements between U.S. leadership and Russian officials followed the deadly strike in Kyiv and the subsequent reporting of the drone attack near Moscow. Officials on all sides have so far presented differing emphases on which incidents should frame the narrative around the stalled talks.

No new timetable for renewed negotiations was provided in the Kremlin's comments. The declaration that the process is "on pause" but expected to resume conveys a temporary interruption rather than a permanent breakdown, according to Moscow's public stance.


Summary

The Kremlin said the peace process with Ukraine is temporarily paused but expected to resume, responding after U.S. President Donald Trump attributed a delay to a deadly strike on a Kyiv apartment building that killed 24 people. Kremlin spokesman Dmitry Peskov redirected focus to Ukrainian strikes on civilian targets in Russia. Separately, Moscow reported its largest drone attack in over a year at the weekend, with at least three deaths in the greater capital region.

Risks

  • Renewed hostilities or further strikes could prolong the pause in negotiations - impacts defense and energy market stability.
  • Divergent public narratives between international actors may complicate diplomatic pathways back to talks - potential market and geopolitical uncertainty for investors.
  • Additional attacks or civilian casualties may escalate tensions and hinder confidence in a near-term resumption of peace discussions - affects sectors sensitive to geopolitical risk, including commodities and financial markets.

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