Russia and Ukraine exchanged drone attacks, with five people dead in the strikes, as Ukrainian President Volodymyr Zelensky was optimistic about military progress.

Ukrainian President Volodymyr Zelensky has said that his country needs funds of more than $65 billion annually as it continues to battle against Russian forces. "Ukraine must tackle a deficit of $40 billion.

The announcement appears to preclude any kind of top-level meeting or breakthrough ahead of the 50-day deadline for an agreement given by President Donald Trump.

The Kremlin said on Friday that a summit between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy could only happen as a final step to seal a peace deal. Kremlin spokesman Dmitry Peskov said that it was unlikely that such a meeting could occur by the end of August,

The Kremlin ruled out a meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky before achieving major progress on a peace deal, raising doubt on ending the war before President Trump’s proposed 50-day deadline.