(Update 9:10am ET): In what may be a repeat of yesterday's "buy the Ukraine ceasefire speculation, sell the lack of follow through", moments ago futures spiked to session highs when Ukraine president Zelensky's deputy chief of staff Ihor Zhovkva echoed what the president told ABC in the Monday night interview, saying that Ukraine is ready for a diplomatic solution and will discuss neutrality, but need a security guarantee...

*AIDE TO ZELENSKIY SAYS UKRAINE READY FOR DIPLOMATIC SOLUTION

*UKRAINIAN AIDE: CAN DISCUSS NEUTRALITY, NEED SECURITY GUARANTEE

"Surely, we are ready for a diplomatic solution," Ihor Zhovkva, Zelenskiy's deputy chief of staff, told Bloomberg Television on Wednesday. Guarantees should come from Ukraine's neighbors, he said, without specifying further.

But just as quick as the initial euphoria arrived, it fizzled after a Bloomberg headline indicated that Ukraine isn't willing to go with two of Putin's three demands, namely relinquishing Crimea and accepting Donetsk and Lugansk as independent republics:

*UKRAINE'S ZHOVKVA: WON'T TRADE `SINGLE INCH' OF TERRITORIES

And finally:

*UKRAINIAN AIDE: SEEK CLEAR RESPONSE TO EU APPLICATION