Putin holds the fate of the Ukraine war in his hands

The Russian president, who has made steady gains on the battlefield since launching his war in 2022, must now decide if he's ready for peace

Putin holds the fate of the Ukraine war in his hands

The fate of US President Donald Trump’s latest diplomatic initiative to end the war in Ukraine lies firmly in the hands of Russian President Vladimir Putin, who must now decide whether he wants a peaceful resolution of the conflict.

Ever since Putin launched his so-called “special military operation” to subjugate Ukraine to Moscow’s will, the Russian leader has shown little interest in seeking a peaceful solution to the conflict.

This has been particularly the case since Trump returned to the White House in January, famously promising to end the war within 24 hours of taking office in his second term.

While Trump’s original boast to end the conflict was hopelessly over-optimistic, it has not stopped the American president from investing much political capital in bringing the war to an end.

On the Ukraine side, he has put enormous pressure on Ukrainian President Volodymyr Zelensky, from publicly humiliating him in the Oval Office to threatening to withdraw vital supplies of military equipment and intelligence-sharing. On the Russian side, by contrast, Trump has sought to increase the pressure on Putin to come to the negotiating table by increasing the international sanctions aimed at crippling the Russian economy.

Now, after the Trump administration announced it had drawn up a new 28-point plan to end the conflict, Putin again finds himself under pressure to demonstrate that he has a genuine interest in ending the Ukraine conflict rather than just playing for time, which has been his approach to previous peace initiatives.

The focus on Putin is particularly acute because, at least from a European perspective, Trump’s latest peace deal initially appeared heavily weighted in Moscow’s favour. While the precise details of Trump’s proposal have not been made public, early indications suggest that it would allow Russia to maintain control over all the territory it has conquered in eastern Ukraine and Crimea since its original offensive in 2014.

In addition, Trump’s peace deal would prevent Ukraine from joining the NATO alliance—one of Putin’s original justifications for launching military action—and would place severe limitations on the future size of the Ukrainian military. In short, Trump’s deal would effectively neutralise Ukraine, and gift Putin a victory many—especially in Europe—believe he does not deserve.

Trump's latest peace deal seems heavily weighted in Moscow's favour, at least in Europe's view

Brussels rebuke

The decidedly pro-Russian format of Trump's original 28-point peace plan provoked fierce criticism from both Ukraine and Europe, to the extent that it has now been revised following extensive talks between Ukrainian and American officials in Geneva this week.

The result is a new 19-point peace plan, which appears to have  received a positive response from Kyiv, but has caused dismay in Moscow, which claims many of the pro-Russian proposals contained in the original draft have now been either removed or scaled down.

Commenting on the outcome of the Geneva talks,  Zelensky said the "principles" in the new version of the Trump peace plan "can be developed into deeper agreements", and that Kyiv was ready to engage in further negotiations.

In a statement, Ukraine's presidency office did not disclose details but said the talks were "constructive" and that final decisions on the refined deal would be made by the presidents of Ukraine and the US.

Ukraine's First Deputy Foreign Minister Sergiy Kyslytsya, who attended the Geneva talks, told The Financial Times that the meeting was "intense" and nearly collapsed before it began. However, the resulting draft had left both sides feeling "positive," he said, adding that the most sensitive topics—territorial issues and the question of Ukraine's future in NATO—were left for Trump and Zelensky to decide on.

"We developed a solid body of convergence and a few things we can compromise on," Kyslytsya told The FT. He said that "very few things are left from the original version". Ukraine's national security adviser, Rustem Umerov, voiced optimism that Zelensky could travel to the US before the end of November to finalise an agreement.

Following the success of the talks between the American and Ukrainian delegations, Trump is sending Special Envoy Steve Witkoff to Moscow next week, while Army Secretary Daniel Driscoll is expected to meet Ukrainian officials in the coming days.

Speaking to reporters on Air Force One, Trump said "we're making progress" on a revised peace plan that appeared to award Ukraine more of its demands, and added that Kyiv was indeed "happy".

Moscow is unhappy about revisions to the peace plan because it might require concessions it feels it doesn't have to make

Unhappy over revisions

With the Ukrainians seemingly on board, the key question now is how Putin will respond to the revised peace proposal, with reports that there is a great deal of uncertainty at the Kremlin at the moment, with the Russians said to be unhappy about revisions to the peace plan because of the possible concessions it might require from Russia.

US Secretary of State Marco Rubio, who led the US delegation at the Geneva talks, certainly recognised the challenge of persuading the Russians to agree to the peace deal, acknowledging that, with Russia not at the table, there were no guarantees that Putin would accept the deal."Obviously, the Russians get a vote here too," Rubio said at the conclusion of the Geneva talks.

A major bone of contention for the Kremlin would be any requirement that it cede any territory it has seized during the conflict. Russia has already unilaterally declared its annexation of the Ukrainian provinces of Donetsk, Kherson, and Luhansk, having forcefully annexed Crimea in 2014.

In previous discussions, Putin has insisted that all five territories remain under Russian control, a position that has remained unchanged despite Trump's efforts, including at their face-to-face meeting in Alaska in August.

Putin's foreign policy advisor, Yuri Ushakov, said Russian officials had not discussed the purported peace plan when talks were held with US officials in Abu Dhabi on Tuesday.

Ushakov also said Russia had not yet officially received a revised peace plan for Ukraine. "We, the Russian side, have not yet discussed any documents with anyone specifically ... We've agreed to a meeting with Mr Witkoff. I hope he won't be alone. Other representatives of the US team working on the Ukrainian dossier will be there," he said in comments reported by state news agency TASS.

Consequently, while Trump has genuine grounds for optimism that a deal to end the Ukraine conflict is now possible, whether it ultimately comes to fruition depends on whether Putin can be persuaded to accept a lasting peace deal.

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