Ukraine closed out its third round of direct talks with Russia on Wednesday with a proposal to hold a “leaders’ summit” by the end of August with Ukrainian President Volodymyr Zelensky, Russian President Vladimir Putin,

Ukrainian and Russian officials ended their third round of peace negotiations in under an hour Wednesday — falling short of establishing a cease-fire but agreeing to a prison swap. The talks took place in Istanbul just over a week after President Trump threatened Russian President Vladimir Putin with “very severe tariffs” if he doesn’t commit to a cease-fire in Ukraine within 50 days.