The first three-way peace talks since February open in Abu Dhabi on Tuesday, as Russia and Ukraine step up strikes on each other’s energy systems and Russian drivers face fuel caps.
MoneyTurkey Politics Desk | 9 November 2026
Key points
- Russian, Ukrainian and US negotiators meet in Abu Dhabi for two days from Tuesday, the first round since February, Daily Sabah reported.
- Security guarantees are expected to dominate the agenda after earlier rounds made no visible progress.
- Russia hit Ukraine’s power grid again and Ukraine struck another major Russian refinery on Monday, hours before the talks.
What happened
The talks follow a week-long local truce last month around the Russian-occupied city of Oleshky in southern Ukraine, brokered with help from US first lady Melania Trump, which allowed evacuations and aid deliveries. Fighting has continued along the 1,200-kilometre front line, and both sides have escalated long-range drone and missile attacks.
Russia has intensified strikes on Ukraine’s power system as winter sets in, using ballistic missiles and faster jet-powered drones. Ukraine has kept hitting Russian refineries, and Rosneft stations in four Russian regions are now capping fuel sales at 30 to 50 litres per customer, as MoneyTurkey reported earlier on Monday.
Canada’s foreign minister, Anita Anand, called it “positive” that both sides are willing to discuss a settlement, speaking to AFP at the G7 foreign ministers’ meeting in Paris.
What is at stake for markets
The energy war is now the main channel to markets. Refinery outages tighten Russia’s domestic fuel supply and keep its export bans in place, while attacks on Ukraine’s grid raise winter power risks. Any deal on protecting energy infrastructure would matter for crude and refined-product flows.
What to watch
- Whether the Abu Dhabi talks produce any agreement on security guarantees or energy strikes
- Further Ukrainian strikes on Russian refining and whether fuel caps spread
- Russian attacks on Ukraine’s power grid as temperatures fall
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