Putin’s latest warning to Ukraine shows how unlikely a peace deal is

Currently, Russia sees no reason to come to the negotiating table because it is making – admittedly small – gains on the battlefield and there is no offer that meets their demands,” she told CNBC. “The two sticking points are European military support for Ukraine – the so-called security guarantees and what that actually means – and of course the territorial issue, which Moscow is counting on Ukraine to compromise on.”