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    Home > Headlines > Ukraine talks set for next week as cold sweeps country
    Headlines

    Ukraine talks set for next week as cold sweeps country

    Published by Global Banking and Finance Review

    Posted on February 1, 2026

    3 min read

    Last updated: February 1, 2026

    Ukraine talks set for next week as cold sweeps country - Headlines news and analysis from Global Banking & Finance Review
    Tags:Presidentinternational financial institutionfinancial communitypublic policy

    Quick Summary

    Ukraine and Russia will hold trilateral peace talks amid a severe winter energy crisis. Kyiv faces pressure to secure peace as attacks continue.

    Table of Contents

    • Upcoming Trilateral Talks
    • Current Energy Crisis
    • Recent Casualties and Attacks
    • Public Sentiment on Peace Process

    Ukraine and Russia Set for Trilateral Peace Talks Amid Harsh Winter

    Upcoming Trilateral Talks

    By Dan Peleschuk

    Current Energy Crisis

    KYIV, Feb 1 (Reuters) - U.S.-backed trilateral talks involving Ukraine and Russia will take place next week in Abu Dhabi, President Volodymyr Zelenskiy said on Sunday, as Ukrainians faced uncertainty over the fate of an energy ceasefire with Russia amid plunging temperatures.

    Recent Casualties and Attacks

    Kyiv is under U.S. pressure to secure peace in the nearly four-year war while grappling with a Russian campaign of air strikes that has ravaged its energy system during one of the coldest winters in years.

    Public Sentiment on Peace Process

    The first round of negotiations took place in late January, but led to no new movement on the vital question of territory, with Moscow still demanding Kyiv cede more land in its war-torn east, which it refuses to do.

    Zelenskiy said the new talks would take place on February 4 and 5, and that Ukraine - struggling to stop grinding Russian advances on the battlefield - was ready for a "substantive discussion".

    "Ukraine is ready for a substantive discussion, and we are interested in ensuring that the outcome brings us closer to a real and dignified end to the war," Zelenskiy wrote on X.

    WORKERS RACE TO RESTORE POWER

    In the capital Kyiv, 1,000 apartment buildings remained without heating on Sunday, said Mayor Vitali Klitschko, as a new wave of bitter cold swept across much of the country.

    Temperatures in the city on Sunday hovered around -15 degrees Celsius, as workers raced to restore heating to hundreds out of the nearly 3,500 high-rises affected by a widespread grid malfunction on Saturday.

    Officials did not directly link it to war damage, but the resulting blackouts - which spread to neighbouring Moldova - underlined the vulnerability of Ukraine's energy system after months of Russian attacks.

    The Kremlin said two days ago it had agreed to halt strikes on energy infrastructure until Sunday at the request of U.S. President Donald Trump, and Kyiv said it would reciprocate.

    Ukraine said the suspension was supposed to last until the following Friday.

    TWO PEOPLE KILLED OVERNIGHT

    The countries have not reported major strikes on their energy systems in recent days, though Zelenskiy said on Sunday that Russia was attempting "to destroy logistics and connectivity between cities and communities" through ongoing air attacks.

    In southeastern Ukraine, two people were killed overnight in a drone strike on a residential building in the city of Dnipro, and six people were wounded in an attack on a maternity hospital in Zaporizhzhia, regional officials said.

    Temperatures are expected to drop even further on Monday to well below minus 20 degrees Celsius in Kyiv.

    Ukrainian private energy firm DTEK said on Sunday it had restored power to 300,000 households in the southern coastal region of Odesa, which had been hit hard by the malfunction.

    Grid operator Ukrenergo said late on Saturday that planned outages would be in force throughout the entire country.

    Anatoliy Veresenko, a 65-year-old veteran who was out for a run at a Kyiv park, said he was warily anticipating new attacks and did not place much hope in the peace process.

    "Talks are talks. We hope for peace, but we still need to fight and secure victory."

    (Additional reporting by Daria Smetanko; Editing by Alexander Smith and David Holmes)

    Key Takeaways

    • •Ukraine and Russia to engage in trilateral peace talks next week.
    • •Energy crisis worsens as temperatures drop in Ukraine.
    • •Kyiv faces pressure to secure peace amid ongoing air strikes.
    • •Recent attacks result in casualties and infrastructure damage.
    • •Public sentiment remains skeptical about peace negotiations.

    Frequently Asked Questions about Ukraine talks set for next week as cold sweeps country

    1What is energy infrastructure?

    Energy infrastructure refers to the physical systems and facilities that produce, transmit, and distribute energy, including power plants, grids, and pipelines.

    2What are air strikes?

    Air strikes are attacks carried out by military aircraft on targets on the ground, often used in warfare to destroy enemy positions or infrastructure.

    3What is a trilateral negotiation?

    A trilateral negotiation involves three parties discussing and attempting to reach an agreement on a specific issue or set of issues.

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