Diplomats from Russia and the United States will hold important talks in Istanbul, Türkiye, on Thursday (February 27), focusing on the resumption of their respective diplomatic missions. This measure is seen as a crucial step towards ending the war in Ukraine, marking the easing and reconstruction of relations between the two countries.

Background and Motivation

The background of this meeting is that the Trump administration of the United States has adjusted its policy towards Russia, abandoned the isolation policy adopted by former President Biden due to the Russia-Ukraine conflict, and instead sought to restore relations with Moscow and end the three-year war with Kiev. After the phone call between President Putin and President Trump on February 12th, their relationship began to ease, and a high-level meeting was held in Riyadh to further promote this process.

Meeting content and objectives

The delegation led by US Secretary of State Rubio and Russian Foreign Minister Lavrov agreed to discuss the issue of diplomatic missions in Saudi Arabia. The meeting on Thursday will be chaired by working level officials, with a focus on creating better conditions for Russian diplomats in the United States and US diplomats in Russia, and resolving disputes over personnel and embassy assets. The US State Department has made it clear that the talks will not involve the issue of Ukraine, but it is still seen as a test of Moscow's sincerity in participating.

International Response and Future Prospects

The warming of relations between Washington and Moscow has shocked European allies. Both countries have expressed their desire to explore the possibility of engaging in profitable commercial activities and seek to end the war in Ukraine. Putin stated this week that Moscow is willing to invite the United States to participate in a joint project to mine rare earth deposits in Russia and parts of Ukraine that he claims as his own territory. Kremlin spokesman Peskov reiterated that Trump and Putin will hold a meeting after being fully prepared, but there are currently no specific details.

summarize

The Istanbul talks between Russia and the United States are not only a symbol of easing relations between the two countries, but also a substantive step towards peace and cooperation. By restoring diplomatic missions, both sides are expected to open up new areas of cooperation while resolving historical legacy issues, injecting new momentum into regional and even global stability and prosperity. Although challenges still exist, this meeting undoubtedly paints a hopeful blueprint for the future of Russia US relations.

In the short term, if the talks release positive signals indicating a easing of Russia US relations or a possible resolution to the conflict in Ukraine, market risk aversion may weaken. As a traditional safe haven asset, the demand for gold may decrease, leading to short-term pressure on the price of gold. However, if the outcome of the talks falls short of expectations or if there are still differences between the two sides, risk aversion may reignite, supporting gold prices. In the medium to long term, gold prices will be more influenced by the global economy, inflation, and monetary policy. Investors need to closely monitor the progress of the talks and related market sentiment changes.