Trump's diplomatic engagement with Putin centers on efforts to resolve the Russia-Ukraine conflict, with the last in-person summit occurring on August 15, 2025, in Anchorage, Alaska. That meeting produced no ceasefire or territorial agreement, and subsequent bilateral talks collapsed amid disputes over territory and security guarantees. One year later, the war continues without a deal, U.S. pressure on Ukraine has eased, and Russian battlefield advances persist. Ongoing U.S. mediation attempts, including potential envoy visits to Moscow and Kyiv, have not yet yielded a new leader-level meeting. Trader assessments of any near-term Trump-Putin summit reflect stalled negotiations, the absence of scheduled high-level talks, and uncertainty over whether renewed U.S. initiatives can overcome entrenched positions before key deadlines.