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Ukraine, Russia Move Towards Potential Peace Deal, Bloomberg Reports
Published by Global Banking & Finance Review®
Posted on April 10, 2026
2 min readLast updated: April 10, 2026
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Ukraine and Russia appear to be edging closer to a potential peace deal, with Kyiv’s chief negotiator Kyrylo Budanov noting growing clarity on acceptable compromise lines—even as the question of territory remains unresolved. Recent tangible progress has centered on prisoner exchanges, including a 50
Ukraine and Russia Progress Toward Potential Peace Deal, Bloomberg Reports
Negotiations and Developments in Ukraine-Russia Peace Talks
Progress Toward a Potential Deal
KYIV, April 10 (Reuters) - Ukraine and Russia are moving towards a potential deal to end the war, Bloomberg News reported on Friday, citing the top aide to Ukrainian President Volodymyr Zelenskiy.
Kyrylo Budanov, a former head of Ukraine's military intelligence, said that he saw progress towards a deal, but declined to say what a potential compromise on territory, a key stumbling block, would look like.
"No final decision has been made yet," he said, according to the report. "But, in principle, everyone now clearly understands the limits of what is acceptable. That’s enormous progress."
"They all understand the war needs to end. That’s why they are negotiating,” Budanov said in an interview with Bloomberg on April 4. “I don’t think it will be long.”
Key Negotiators and Roles
Budanov was appointed head of Zelenskiy's office in January and has become a key Ukrainian negotiator during U.S.-brokered talks between Kyiv and Moscow.
Recent Outcomes and Prisoner Exchanges
Prisoner Swaps in 2024
The only tangible outcome from several rounds of talks this year was the exchange of prisoners of war. In the latest exchange in March, Ukraine and Russia swapped 500 POWs.
Another prisoner swap was possible ahead of the Orthodox Easter this weekend, Ukrainian officials said.
Easter Ceasefire Agreement
Details of the Ceasefire
RUSSIA, UKRAINE AGREE TO EASTER CEASEFIRE
Russia announced a 32-hour ceasefire over two days for Orthodox Easter, and Ukraine agreed to reciprocate that.
The Kremlin said the ceasefire would be in effect from Saturday at 4 p.m. (1300 GMT) to midnight (2100 GMT) on Sunday.
Positions and Sticking Points
Budanov said that Kyiv and Moscow maintained “maximalist” positions in the talks so far, but believed the positions would be closer in the search for a compromise.
Russia demands that Ukraine withdraw from parts of Donbas that Kyiv still controls. Ukraine refuses to do so.
Future Prospects for Peace
Potential for New Negotiations
Zelenskiy has said that, given a ceasefire between the U.S. and Iran in the Middle East, a new trilateral meeting of negotiating teams could take place soon.
He said that the spring and summer months would be difficult for Ukraine as it would face pressure on the battlefield and also diplomatically to end the war.
(Reporting by Olena Harmash; Editing by Alex Richardson)
Key Takeaways
- •Kyrylo Budanov, Zelenskiy’s top aide, reports progress toward a peace deal, with both sides increasingly understanding the limits of acceptable compromise—even though no final decision has been made yet (en.wikipedia.org).
- •The only concrete outcomes so far are prisoner exchanges: in March 2026, Ukraine and Russia swapped 500 POWs in a US‑brokered deal—the latest significant development (en.wikipedia.org).
- •An Easter ceasefire is planned (a 32‑hour pause), alongside potential further prisoner swaps—though territorial disputes, especially over Donbas, remain a major stumbling block (apnews.com)
References
Frequently Asked Questions about Ukraine, Russia move towards potential peace deal, Bloomberg reports
1What progress has been made toward a Ukraine-Russia peace deal?
According to Ukrainian presidential aide Kyrylo Budanov, both sides better understand acceptable limits in negotiations, marking significant progress.
2What is the outcome of the latest Ukraine-Russia talks?
The only tangible result so far has been prisoner exchanges, with 500 POWs swapped in March and another swap planned for Orthodox Easter.
3Have Ukraine and Russia agreed to a ceasefire?
Both sides agreed to a 32-hour ceasefire over Orthodox Easter, with the ceasefire set to begin Saturday afternoon.
4What are the main stumbling blocks in the negotiations?
A key obstacle is Russia's demand that Ukraine withdraw from parts of Donbas, which Ukraine currently refuses.
5Who is leading Ukraine's negotiation team?
Kyrylo Budanov, who was appointed head of President Zelenskiy's office in January, is now a key Ukrainian negotiator.
