____'s Livadia palace hosted a Big Three conference in 1945 (5)

I believe the answer is:

yalta

(Other definitions for yalta that I've seen before include "Black Sea port" , "City on the Black Sea, where Roosevelt, Stalin and Churchill met in 1945" , "wartime meeting-place" , "conference centre" , "Ukrainian resort" .)

I've seen this clue in The Times.

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