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But experts have told SBS News that a ceasefire arrangement would be complicated, and part of the reason is the protracted disputes over Ukrainian territories.
Will a trilateral meeting even happen?
Political news site Politico reported on Tuesday that the White House was considering the Hungarian capital of Budapest.
Russian-controlled territory and its future ownership will be a focus at any future peace meetings, as Putin has reportedly refused to withdraw Russian troops from those regions.
Significance of this territory
Russia annexed Crimea in 2014.

Source: SBS News
These regions have reportedly been the hardest hit in the last three years, and Genauer said Putin has ambitions to gain even more Ukrainian territory.
The Russian-controlled area represents around 20 per cent of Ukrainian sovereign territory, according to Genauer.
Pro-Russian sympathy
Professor emeritus Graeme Gill, a political scientist from the University of Sydney, said the region has an interesting history.
“The taking of this region and the incorporation of it into Russia itself would conceivably be a lot easier than it would in those areas of Ukraine, which are not traditionally pro-Russian.”

Source: SBS News
He explained that while Donbas has some Russian roots, people in the area ultimately voted in a referendum to become independent from the Soviet Union following its 1991 collapse.
“They make railway sleepers and industrial equipment, which would be attractive to Putin,” he said.
State of the war
“Putin’s not going to give up. And although his economy has run into some problems or he’s running into some problems now, there’s no evidence that those are sufficient to prevent him from continuing the war,” he said.