President Donald Trump announced Russia and Ukraine have agreed to a three-day ceasefire from May 9 to May 11, coinciding with Russia's Victory Day celebrations. The deal includes a full suspension of military activities and a prisoner exchange of 1,000 captives per side.
Ukrainian President Volodymyr Zelenskyy and Russian President Vladimir Putin confirmed the agreement. Zelenskyy responded with dark humor, decreeing Ukrainian forces would not target Russia's Victory Day parade. Trump expressed hope the truce could lead to a permanent resolution.
This isn't the first ceasefire attempt tied to Victory Day. Previous proposals failed to produce lasting agreements. Victory Day remains a significant national holiday in Russia, though its framing of the Ukraine conflict is rejected by Kyiv and the West.
Crypto markets remained stable following the announcement, with no significant price movements linked to the news.