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.

By Andrew Osborn MOSCOW (Reuters) -In a few short hours in Alaska, Vladimir Putin managed to convince Donald Trump that a Ukraine ceasefire was not the way to go, stave off U.S. sanctions, and spectacularly shatter years of Western attempts to isolate the Russian president.

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.

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.

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,