Will Russia announce a Christmas truce?

This market will resolve to “Yes” if, by January 7, 2026, 11:59 PM ET, the Russian government or military publicly and officially announces a ceasefire or “truce” in its war against Ukraine that is explicitly tied to Christmas or Orthodox Christmas for the 2025–26 holiday period. A qualifying announcement must: The January 2023 unilateral “Orthodox Christmas” ceasefire order is an example of a qualifying announcement. The announcement alone is sufficient: the truce does not need to be accepted by Ukraine or actually upheld in practice, and any later violations, non-compliance, or cancellation will not change the outcome once a qualifying announcement has been made. The primary resolution sources will be official Russian government.