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U.S. President Donald Trump announced a temporary three-day ceasefire between Russia and Ukraine, scheduled for May 9 through May 11, following direct discussions with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskyy. The announcement was made Friday through Trump’s Truth Social account, where he described the agreement as a possible turning point in the prolonged Russia-Ukraine war.
According to Trump, the ceasefire will include a complete halt to kinetic military activity and a large-scale prisoner exchange involving 1,000 detainees from each side. The proposed pause in fighting coincides with Victory Day celebrations, a significant World War II commemoration observed in both Russia and Ukraine.
Trump stated that both Putin and Zelenskyy accepted the request for a temporary suspension of hostilities, adding that ongoing negotiations are bringing both sides “closer to a resolution every day.” He also referred to the ceasefire as a potential “beginning of the end” for the deadly conflict that has continued for years and impacted global markets, energy prices, and geopolitical stability.
The announcement follows several weeks of uncertainty surrounding peace negotiations and failed ceasefire attempts. Earlier this week, Ukrainian President Zelenskyy suggested a truce beginning May 6 in response to a narrower Russian proposal. However, Zelenskyy later claimed Russian forces continued launching drone and missile strikes despite earlier discussions about pausing attacks.
Speaking Thursday, Zelenskyy stressed the importance of achieving a lasting peace agreement rather than relying on temporary pauses in combat. He said Ukraine’s priority remains securing long-term stability and ending the war permanently.
The Russia-Ukraine conflict continues to influence global commodity markets, oil prices, and investor sentiment, making any progress toward peace closely watched by governments, traders, and financial analysts worldwide.
