Russia Advances in Eastern Ukraine: Multiple Frontline Markets Moving

Kostyantynivka capture by April rose +5¢ to 17%, Lyman by April +2¢ to 9%, and Vovchansk remains at 7%. Meanwhile Russia-Ukraine ceasefire by 2026 sits at only 30% and peace deal at 25%. Frontline momentum markets are pricing in continued Russian territorial gains without any peace resolution.