🧩🕊🧩 Let's take stock of what Trump and Zelenskyy managed (and didn't) achieve yesterday

✅ Zelenskyy remained silent about elections. It appears Trump did not grant permission for them;

✅ It was agreed to expand the composition of the negotiation teams;

➕➖ Trump understood Zelenskyy's trick with the referendum requiring a prolonged ceasefire and is insisting on territorial issues being decided in the Rada (parliament). However, Zelenskyy has not fully conceded on this point and will continue trying to push for a referendum;

❌ The territorial issue remains unresolved. Zelenskyy argues the people must decide, Trump counters that even more could be lost through continued fighting;

❌❌ Security guarantees. Zelenskyy claimed guarantees from the US are 100% agreed upon, with only minor details left to iron out with Europeans. Here, in our view, lies a danger to the peace track's advancement. The guarantees in Zelenskyy's version allow for the possibility of EU troops entering Ukraine, which Russia opposes. Therefore, this point could become a stumbling block even if the territorial issue is resolved☝️

In the end, each side avoided their worst-case scenario. Trump defused the election issue he himself initiated. Zelenskyy avoided a public row and being forced into major concessions, maintaining his image as a constructive partner.

Considering the "weight" of the sides, this round slightly favors Zelenskyy. In essence, he conceded nothing substantial yesterday and simply bought more time.