It was unrealistic to expect the first meeting would produce a strategic vision for the future of the relationship. But Putin and Trump could have announced a framework for continued discussions or at least committed to another meeting in November, during the annual APEC summit.

The only deliverable is a scrappy local cease-fire on a secondary front in south-west Syria, which went into effect Sunday morning. But even that agreement depends on the goodwill of actors not party to it, including Syrian President Bashar Assad and Iran. Both are likely to violate it since it goes against their interests.

President Putin hailed the cease-fire as a breakthrough, but several other breaks in hostilities brokered within the past year have not lasted more than a month.

There was no progress on Ukraine. Moscow is eager to sell the appointment of a U.S. special envoy on Ukraine as a breakthrough. For Russia, it signals U.S. recognition that Ukraine is an issue for Moscow and Washington to decide between themselves.

In reality, the appointment is not a tool to decide Ukraine’s fate behind its back. And the new U.S. envoy, Kurt Volker, is a hawk on Russian meddling in Ukraine.

There has been zero progress on North Korea. Moscow and China both want the United States to accept a nuclear North Korea, capable of deterring U.S. attacks. For Russia, North Korea’s nuclear and missile programs are a check on U.S. global power.

Washington has two remaining options for containing North Korea — building missile defenses in Asia and imposing sanctions on companies doing business with the country. But Moscow is focused on stalling both.

Lastly, there is a stalemate on bilateral issues, including Russian meddling in the U.S. election, diplomatic security, and sanctions. There was no commitment on the New START Treaty which expires in 2021, or efforts to salvage the INF Treaty, a cornerstone of European security.

Putin did win one important point: Trump signaled he was eager to forget the row over the Russian election meddling without making Moscow pay much of a price.

But Foreign Minister Sergei Lavrov may have oversold Trump’s reaction, by saying that Trump accepted Putin’s assurances the Kremlin did not meddle in the election.

Lavrov’s comments will not go down well in the U.S. Congress, and it may make legislative action to impose sanctions for Russian interference more likely. The proposal to create a working group on cybersecurity is a good way to punt the troublesome issue, but will not make it go away completely.

Putin also lost a humiliating point to Trump. He failed to secure the release of the seized Russian diplomatic properties, also known as the dachas. Apparently, Trump did not feel Putin yielded enough ground on Russian meddling and diplomatic security.