Russian President Vladimir Putin, Chinese President Xi Jinping and US President Donald Trump could hold a “historic” three-way meeting at the APEC summit in China, Kremlin aide Yury Ushakov has said.

The Asia-Pacific Economic Cooperation (APEC) summit is scheduled to take place in Shenzhen, China, on November 18-19.

Speaking to the Russian outlet Vesti on Wednesday, Ushakov said Beijing had already begun preparations for the potential talks.

“Everyone is ready for this, but much, if not everything, depends on the Chinese hosts of the summit,” he said.

The possibility of three-way talks was also discussed during Putin’s meeting with US special envoy Steve Witkoff in St. Petersburg on Wednesday, according to the Kremlin.

Ushakov described the proposed gathering as potentially “historic,” noting that it would be the first meeting of the three leaders in this format.

Putin and Trump last met in person at a summit in Anchorage, Alaska, in August 2025, and have remained in contact by phone, most recently on October 9.

Putin and Xi have also held regular talks, including on the sidelines of the Shanghai Cooperation Organization summit in Bishkek in August. The two previously met in Beijing in May during Putin’s state visit.

Trump and Xi have met twice so far this year, first in Beijing in May and then at the White House last month.

Trump has previously expressed openness to three-way talks, suggesting that nuclear disarmament could be among the issues discussed.

Asked whether the talks could also contribute to peace efforts in the Ukraine conflict, Ushakov said a single meeting would not be enough. “Even if the meeting lasts one, two or five hours, it still won’t be possible to resolve all the problems,” he said.

Commenting on whether the summit could amount to a “new Yalta,” Ushakov said: “I think that if the meeting takes place, there will be a storm of comments and assessments.” 

The 1945 Yalta Conference brought together Soviet leader Joseph Stalin, US President Franklin D. Roosevelt and British Prime Minister Winston Churchill to discuss the final stages of World War II and the postwar international order.