There is no sign of progress, nor consensus or even improvement of relations. Russia just claimed to have regained control of Kursk. Besides, Trump is also focused on other problems such as the tariff wars. It will take time to reach the slightest possibility of consensus for this to happen
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Why do you think you're right?
Why might you be wrong?
There may be a change in the events that may change the course of things. Also for some reason, Zelensky may find himself without any other choice but to accept Russia's current terms
Why do you think you're right?
Reaching a consensus is already pretty difficult, as we have seen in the past years, and both sides don't seem to be on the same page at all even 3 years later. To reach that point, it will take several rounds of negotiation, which will take time. Then, if and when they do reach an agreement, I believe it will be close enough to the end of the second half of the year, and its implementation will be postponed to 2026.
Why might you be wrong?
Trump and Putin may overrule Zelensky and decide on an agreement with little participation from him and this can be forced onto him, if they get the support of EU members (due to their large expenditures and their ongoing fear of an escalation of the conflict), this could also be even more pressing for Zelensky and negotiations and its implementation may happen sooner.
Why do you think you're right?
Why might you be wrong?
If either Russia or Ukraine gets attacked (in a smaller fraction) breaking the ceasefire, for instance, a drone attack, it may spark the issue back.
Why do you think you're right?
If it is a full and final ceasefire, it may last relatively long. However, I do not believe it will without some infractions, as it always have been the case between Russia and Ukraine. This conflict has been going on since 2014, and even when they seemed o have reached an agreement regarding Crimea, there was an ongoing conflict happening between them, exchanging violence. Therefore, I believe the likeliness of a total break of the ceasefire is smaller, since neither Russia or Ukraine have much more to gain in reigniting a new wave of war if they reach a final ceasefire consensus agreement. If it is just a temporary ceasefire, then my forecast would change to 30 days or less.
Why might you be wrong?
If it is justa. temporary ceasefire. If small-scale infractions are taken into account (such as those with victims).