President Volodymyr Zelensky said Ukraine has retaken nearly all the territory Russia captured in 2026. He put Russia’s gains at approximately 890 square kilometers and Ukraine’s recaptures at around 800 square kilometers, leaving Russia with a net territorial gain of about 100 square kilometers despite significant losses. Fighting remains active along the frontlines, with no ceasefire in place. Market participants appear to view the announcement as reducing the likelihood of additional Russian advances, including an expected move into Sloviansk by the end of 2026. The situation remains fluid, and further military developments, changes in Russian troop movements or territorial control, diplomatic efforts, international support for Ukraine, and statements from Ukrainian or Russian leaders could affect market pricing. Vera offers live prediction-market analysis related to the conflict.