Ukrainian and Russian flags are pictured ahead of the Russian-Ukrainian talks at the Belovezhskaya Pushcha, on March 7, 2022. (Photo: Xinhua)

WASHINGTON, March 26 (Xinhua) -- As the crisis in Ukraine drags on, so does the need for negotiations, Project Syndicate has said in a report.

Despite the failure to make progress in talks between Ukraine and Russia, a negotiated settlement is the only way forward, said the report published on Wednesday.

"Even in seemingly intractable situations with intransigent actors, the power of reason can prevail. Dialogue can make the impossible possible," it said.

"The possibility of arriving at an agreement that assures peace and security for both Russia and Ukraine" has not been eliminated, it added.