This market will resolve to "Yes" if there is an agreement on an official buffer zone between Russia and Ukraine by December 31, 2025, 11:59 PM ET. Otherwise, this market will resolve to "No". A "buffer zone" is defined as a neutral or otherwise militarily restricted area that lies between the territories of Russia and Ukraine and is intended to reduce or manage conflict between them. A qualifying buffer zone does not need to cover a minimum geographic area, nor require the withdrawal of all categories of weapons or personnel. It is sufficient that the agreement explicitly demonstrates mutual intent to suspend offensive military action within the designated zone, for example, by stipulating the withdrawal of heavy artillery, armored vehicles, etc. If the agreement is officially reached before the resolution date, this market will resolve to "Yes," regardless of whether the buffer zone is established formally by December 31, 2025, 11:59 PM ET. Informal statements, plans contingent on future conditions, statements of intent without a formal policy directive, announcements of a partial implementation, or any other statements that do not constitute a formal policy announcement will not be considered. A mutual agreement on a buffer zone will suffice for a "Yes" resolution, regardless of potential subsequent violations of such an agreement. This market's resolution will be based on official announcements from both Russia and Ukraine; however, a broad consensus of credible media reporting stating an official agreement regarding a buffer zone between Russia and Ukraine has been reached will suffice.