Donald Trump and Vladimir Putin ended nearly three hours of high-stakes talks in Alaska without any sign of a Ukraine ceasefire deal – raising questions over the trajectory of the war and the fate of European security.

Kyivstar shares dropped over 9% on Friday after the mobile operator became the first Ukrainian company to list in the United States, just hours before a summit between U.S. and Russian leaders to discuss a potential peace deal in Ukraine.

Ukraine’s president, Volodymyr Zelensky, was not invited to the Trump-Putin summit in Anchorage, but 1,000 Ukrainian refugees in Alaska will be watching with trepidation.

Trump will meet Putin at Joint Base Elmendorf-Richardson in Anchorage, Alaska on Friday as the U.S. leader hopes for a breakthrough in the three-and-a-half-year war, following previous negotiations involving his envoy Steve Witkoff and the Russian president's rejection of a U.S. ceasefire proposal.

As Trump and Putin prepare to meet in Alaska, Ukraine seeks assurances that its interests won't be sacrificed. Kyiv insists on a durable ceasefire, Russian reparations for war damages estimated up to $1 trillion,

U.S. President Donald Trump said he would not negotiate on behalf of Ukraine in his Friday meeting with Russian President Vladimir Putin and would let Kyiv decide whether to engage in territorial swaps with Russia.