Ukraine and Allies Propose 30-Day Ceasefire to Russia Amid Escalating Conflict

Ukraine, backed by Western allies including the United States and major European powers, has put forward a historic proposal for a complete 30-day ceasefire with Russia. The truce, set to commence on May 12, WOULD encompass all fronts—land, air, and sea—and aims to create a window for diplomatic negotiations.

Moscow’s response remains uncertain. Russian officials have yet to signal acceptance, instead demanding additional concessions. The proposal’s reception could reshape the geopolitical landscape, either as a breakthrough or a tactical stalemate.

Market observers note that prolonged conflict risks destabilizing global commodity flows, while de-escalation could buoy risk assets. Cryptocurrencies—often sensitive to macroeconomic tensions—may see volatility depending on Russia’s decision.