Recent rejection by Russian President Vladimir Putin of Ukrainian President Volodymyr Zelenskyy’s June 4 open letter proposing direct talks has reinforced trader expectations that no bilateral meeting will occur by the June 30 resolution date. Putin stated he sees “no point” in such engagement until Russia achieves its objectives, while stalled U.S.-brokered trilateral negotiations and shifting American priorities toward other conflicts have limited diplomatic momentum. With only two weeks remaining, the absence of scheduled summits or confirmed invitations leaves little room for rapid arrangement. Realistic scenarios that could still shift the outcome include an abrupt policy reversal by either leader or a major battlefield development prompting last-minute diplomacy, though historical patterns in the conflict suggest these remain low-probability events within the narrow timeframe.