Max and Maria spoke with Sergey Radchenko about the state of affairs in peace negotiations over Ukraine as we come to the close of 2025. They discuss the different parties' goals and positions, and how this current round of negotiations compares to the talks in Istanbul at the start of the full-scale invasion back in 2022.

This conversation was recorded on December 12, 2025.

"America's Magical Thinking About Ukraine: A Bad Deal Is Worse Than No Deal," by Sergey Radchenko (Foreign Affairs, December 2025).

"The Talks That Could Have Ended the War in Ukraine: A Hidden History of Diplomacy That Came Up Short — but Holds Lessons for Future Negotiations," by Samuel Charap and Sergey Radchenko (Foreign Affairs, April 2024).