Zelenskyy reportedly planning election, referendum announcement Feb. 24

Ukrainian President Volodymyr Zelenskyy is reportedly planning to announce a presidential election and a referendum on a potential peace deal to end the war with Russia, with the declaration expected on Feb. 24, the fourth anniversary of Moscow’s full-scale invasion.

The Financial Times, citing Ukrainian and European officials involved in the planning, reported on Wednesday that both a presidential vote, in which Zelenskyy would seek re-election, and a nationwide referendum could be held by May 15.

The outlet said Kyiv could risk losing proposed U.S. security guarantees if it does not hold both votes by that date.

The Financial Times noted that although earlier U.S.-imposed deadlines have come and gone, American officials are this time applying heavier pressure on Ukraine as the November midterm elections loom.

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It added that the timeline could also be complicated by the wide gap between Moscow and Kyiv on key territorial issues, including control of the Donbas region and the Zaporizhzhia nuclear power plant, as well as the need for parliament to amend legislation because martial law currently bars national elections during wartime.

Zelenskyy previously stressed that the timing and format of any elections are matters solely for Ukraine and its citizens, rejecting any suggestion that the Kremlin could dictate the process. 

In several lengthy posts on X in December, he argued that two key factors would determine whether voting is possible: security and legislation.

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Zelenskyy said voting can only take place on Ukrainian-controlled territory and must ensure the participation of soldiers defending the country. Elections cannot be held in Russian-occupied areas, he explained, because of concerns over how they would be conducted.

He also suggested that a ceasefire, at least for the duration of an election or referendum, may be necessary to guarantee secure conditions, including protected airspace and the presence of international observers.

The reported deadline from the Trump administration comes after The Associated Press reported that Washington is aiming for the war to end by June.

Trilateral talks between the United States, Russia and Ukraine were held in Abu Dhabi in early February, where the sides met twice but emerged with only a limited breakthrough — agreeing to a 314-person prisoner exchange, the first such swap in five months.

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U.S. special envoy Steve Witkoff said Washington and Moscow agreed to reestablish a military-to-military dialogue, calling the channel “crucial to achieving and maintaining peace.”

He said trilateral discussions would continue in the coming weeks after the delegations report back to their respective capitals.