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.

President Trump said Friday that Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky will hold peace talks, but Russia said not to expect that soon. "It's going to happen," Trump told reporters,