Elara is a seasoned gambling analyst with a passion for responsible gaming and in-depth market trends.
Reports of an upcoming American-Russian leadership summit have been greatly exaggerated, apparently.
Only a few days after President Trump said he intended to meet Russia's leader Vladimir Putin in the Hungarian capital - "in approximately a fortnight" - the high-level talks has been suspended indefinitely.
A initial get-together by the two nations' top diplomats has been called off, as well.
"I prefer not to have a wasted meeting," President Trump told reporters at the executive mansion on Tuesday afternoon. "I don't want a pointless effort, so I'll see what transpires."
The on-again, off-again summit is another development in the president's attempts to mediate an end to war in the Eastern European nation – a subject of renewed focus for the US president after he orchestrated a truce and prisoner exchange agreement in Gaza.
During a speech in Egypt last week to celebrate that ceasefire agreement, Trump addressed his lead diplomatic negotiator, with a fresh directive.
"It is essential to get Russia done," he said.
However, the conditions that converged to make a Middle East success possible for the negotiation team may be challenging to replicate in a conflict in Ukraine that has been ongoing for almost several years.
According to Witkoff, the key to unlocking a deal was Israel's decision to attack representatives of Hamas in Qatar. It was a action that angered US partners in the Arab world but provided the president bargaining power to pressure Israel's leader Benjamin Netanyahu into making a deal.
Trump benefited from a long record of supporting the Israeli state since his first term, including his decision to move the US embassy to the contested city, to change US policy on the lawfulness of Israeli settlements in the West Bank and, more recently, his support for Israeli defense operations against Iran.
The American leader, in fact, is better regarded among Israelis than Netanyahu – a situation that provided him with unique influence over the Israeli leader.
Add in Trump's political and economic ties to influential Arab nations in the region, and he had a abundant negotiating strength to secure an deal.
Regarding the conflict in Ukraine, by contrast, Trump has significantly reduced influence. Over the past nine months, he has vacillated between attempts to strong-arm Putin and then Zelensky, all with little seeming effect.
Trump has threatened to impose additional penalties on Russia's oil and gas sales and to provide Ukraine with advanced missile systems. But he has also recognised that such actions could harm the global economy and further escalate the conflict.
Meanwhile, the US leader has criticized openly Zelensky, halting briefly information exchange with the country and suspending weapon deliveries to the country - only to then retreat in the wake of concerned European allies who caution a Ukrainian collapse could destabilise the entire region.
Trump often boasts about his skill to meet and negotiate agreements, but his personal discussions with the Russian and Ukrainian leaders haven't seemed to advance the hostilities any closer to a resolution.
Putin may in fact be using Trump's desire for a settlement – and faith in direct negotiations - as a means of manipulating him.
During the summer, Russia's leader consented to a high-level meeting in the US state at the time when it seemed probable that Trump would sign off on congressional sanctions package supported by GOP senators. That legislation was subsequently delayed.
Recently, as news emerged that the US administration was considering seriously sending Tomahawk cruise missiles and air defense systems to Kyiv, the Russian leader called Trump who then promoted the potential meeting in Budapest.
The next day, the president welcomed Zelensky at the executive residence, but left empty-handed after a allegedly tense meeting.
Trump maintained that he was not being manipulated by the Russian president.
"You know, I've been played throughout my career by skilled operators, and I emerged successfully," he said.
However the Ukrainian leader later commented on the timeline of developments.
"As soon as the issue of long-range mobility became a little further away for us – for our nation – the Russian side almost automatically became less interested in negotiations," he stated.
Thus, in a short period, Trump has bounced from considering the idea of providing weapons to Ukraine to organizing a Budapest summit with Putin and confidentially urging the Ukrainian president to surrender the entire Donbas region – even territory Russian forces has been failed to capture.
He has ultimately settled on calling for a truce along present frontlines – a proposal the Russian government has refused to accept.
On the campaign trail last year, the candidate promised that he could end the Ukraine war in a matter of hours. He has subsequently abandoned that pledge, saying that ending the hostilities is proving more difficult than he expected.
It has been a uncommon admission of the constraints of his authority – and the difficulty of establishing a peace plan when both parties wants, or can afford to, give up the fight.
Elara is a seasoned gambling analyst with a passion for responsible gaming and in-depth market trends.