Russian President Vladimir Putin has declared a temporary ceasefire in Ukraine to mark the Easter holiday, according to a statement issued by the Kremlin on Saturday. The truce, described as a humanitarian gesture, will be in effect from 6:00 p.m. Moscow time (1500 GMT) on Saturday until midnight on Sunday (2100 GMT), following Orthodox Easter celebrations.

“Guided by humanitarian considerations, today from 18:00 to 00:00 from Sunday to Monday, the Russian side declares an Easter truce. I order that all military actions be stopped for this period,” President Putin was quoted as saying during a meeting with Chief of the General Staff Valery Gerasimov. The announcement was made through the Kremlin’s official press service.

Putin expressed hope that Ukraine would reciprocate the gesture. “We assume that the Ukrainian side will follow our example,” he said, while also instructing Russian troops to remain vigilant. “At the same time, our troops must be ready to repel possible violations of the truce and provocations from the enemy, any of its aggressive actions.”

So far, there has been no official response from Kyiv regarding the proposed ceasefire. Ukrainian officials have yet to confirm whether they will observe the temporary truce.

The ceasefire announcement came on the same day Russia’s Defense Ministry claimed a military gain near the Ukraine border. Russian forces reportedly captured the village of Oleshnya in the Kursk region — one of the last Ukrainian footholds in that area, according to the ministry. However, the Associated Press noted that it could not independently verify the claim, and Ukrainian authorities have not issued a statement in response.

The announcement of the truce arrives amid continued hostilities in eastern and southern Ukraine, with both sides engaged in intense fighting despite periodic calls for peace. Previous attempts at temporary ceasefires, including those tied to religious holidays, have often failed to hold due to mutual accusations of violations.

The Kremlin’s move appears to be an attempt to frame Russia’s actions as being guided by humanitarian motives, possibly aimed at improving its international image during a deeply entrenched conflict. Nonetheless, observers remain skeptical about the effectiveness or sincerity of such temporary measures without a broader agreement in place.

The Orthodox Easter, a significant religious holiday in both Russia and Ukraine, is often seen as an opportunity for brief moments of reflection and reprieve from conflict. Whether this latest ceasefire will bring any tangible pause to the violence remains uncertain.

Ukraine and the United States have signed a preliminary memorandum of intent aimed at finalizing a far-reaching economic partnership and reconstruction investment fund focused on mineral exploitation. The document, seen by Euronews, marks a significant step toward what could be a landmark agreement shaping Ukraine’s post-war economic recovery.

The memorandum, signed on Thursday by Ukraine’s First Deputy Prime Minister Yulia Svyrydenko and US Treasury Secretary Scott Bessent, sets the stage for high-level negotiations in Washington between April 21 and 26. According to the document, Ukrainian Prime Minister Denys Shmyhal will travel to Washington during that week to lend political backing to the final round of technical discussions.

The goal is to conclude talks by April 26 and sign the agreement shortly afterward. “Negotiating teams are expected to report on progress by April 26, 2025, with the aim of completing discussions by that date and signing as soon as possible,” the document reads.

The proposed agreement is not without controversy. It outlines the creation of a joint investment fund that would give the US considerable influence over Ukraine’s critical infrastructure and natural resources. The fund’s board would be made up of five members—three appointed by the US and two by Ukraine—effectively granting Washington veto power over major decisions.

Under the deal, Ukraine would be required to submit all major infrastructure and resource projects—including those involving roads, ports, railways, and mineral extraction—to the fund for approval. If rejected, Kyiv would be barred from offering the same projects to other countries under more favorable terms.

Furthermore, the US would receive all profits generated by the fund and a 4% annual return until the total military and financial assistance—estimated at €114 billion by the Kiel Institute for the World Economy—is repaid. This “payback” structure has been championed by former President Donald Trump, who remains a key figure in ongoing US foreign policy despite current tensions with Ukrainian leadership.

The agreement also notes potential legal conflicts with Ukraine’s EU accession obligations and international financial commitments. However, the US pledged not to interfere in those matters. “The United States respects Ukraine’s intention to avoid conflicts in the drafting of the agreement with Ukraine’s obligations under European Union accession,” the document states.

The deal comes amid growing tensions between the US and Ukraine. Relations have deteriorated since Trump initiated backchannel talks with Russian officials to end the war, reportedly excluding Ukrainian President Volodymyr Zelenskyy from the process. A heated Oval Office meeting between Trump and Zelenskyy in February only deepened the rift.

Meanwhile, US Secretary of State Marco Rubio was in Paris this week to consult with European allies. Speaking to reporters Friday, Rubio warned that Washington could pull out of peace negotiations if no meaningful progress is achieved soon.

As talks in Washington approach, the proposed investment fund is expected to dominate headlines—and draw scrutiny over its implications for Ukraine’s sovereignty and economic independence.