FWIW, Anatol Lieven and a colleague are still betting that the overriding 
interests of both sides - particularly Ukraine's need to prevent further 
destruction of its infrastructure and the pressing need to begin reconstruction 
- will soon result in a frozen peace with territorial concessions, security 
guarantees, and joint management of the Zaporizhzhia nuclear plant. After 
outlining the major issues and the movement around them to date, they conclude:

https://quincyinst.org/research/frequently-asked-questions-about-the-russia-ukraine-negotiations/#
 ( 
https://quincyinst.org/research/frequently-asked-questions-about-the-russia-ukraine-negotiations/
 )
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Should it be possible to resolve these issues and reach an agreement?
---------------------------------------------------------------------

Yes. The White House has made substantial progress in narrowing the negotiating 
gap between Russia and Ukraine over territory. For example, the White House has 
proposed ( 
https://www.reuters.com/world/us-offers-free-economic-zone-east-if-ukraine-cedes-donbas-zelenskiy-says-2025-12-11/
 ) demilitarizing contested areas of Eastern Ukraine and turning them into 
“special economic zones,” thereby reframing concerns about sovereignty and 
territorial integrity in a way that makes the deal easier for both sides to 
swallow. There is technical work left to do, particularly in working with 
Moscow to review the proposal’s finer points, but both sides have demonstrated 
a willingness to negotiate within this compromise framework. A key question is 
who would provide security in these zones.

Regarding the Zaporizhzhia plant, the White House originally proposed a 
tripartite ( 
https://www.reuters.com/business/energy/what-lies-ahead-ukraines-contested-zaporizhzhia-nuclear-power-plant-2025-12-27/
 ) scheme whereby Ukraine, the U.S., and Russia would jointly manage it. This 
arrangement, though it falls short of what either Kyiv or Moscow considers as 
their respective optimal outcome, satisfies several key criteria. It helps 
address Ukraine’s postwar energy needs, advances U.S. economic interests, and 
is pragmatic enough to be accepted by Russia, which maintains military control 
over the plant. There is some light retooling that can be done — for example, 
management roles and profit distribution can be calibrated in a way that offers 
more benefits for Ukraine while still being accepted by Moscow — but the 
three-way management scheme is a far superior diplomatic solution to what 
Ukraine can achieve on the battlefield, considering its numerous unsuccessful 
prior attempts to retake the plant.

On security guarantees, Ukraine is understandably driving a hard bargain to 
secure the best deal possible. But, considering the difficult trajectory of 
this war, there is only so much room to offer Kyiv better terms before the 
whole package becomes unacceptable to Moscow. The White House is rightly 
sensitive to Russian red lines, such as a Western military force within 
Ukraine, and is maneuvering around them. In addition, it would be unrealistic 
to offer security guarantees that commit the U.S. to taking steps the Biden 
administration was unwilling to take in previous years of the conflict, such as 
direct military intervention by U.S. troops.

In parts of the settlement where difficult compromises are necessary, the need 
can be partially offset by offering better terms elsewhere. For example, the 
White House can tinker with the numbers to make the proposed international 
reconstruction fund ( 
https://www.politico.eu/article/document-eu-us-pitch-800b-post-war-prosperity-plan-for-ukraine/
 ) more lucrative for Ukraine if Zelensky accepts the White House proposal on 
the Zaporozhzhia plant. It can lift or suspend certain U.S. sanctions on 
Russia, and put pressure on the EU to do the same. These kinds of creative 
linkages were what initially got the peace process off the ground after the 
Anchorage summit, and they continue to serve as the necessary glue for making a 
deal stick.

What will a likely final agreement look like?
---------------------------------------------

To be acceptable to the Ukrainians, a peace settlement will have to include 
Ukraine’s right to receive weapons and training from NATO, and some form of 
binding guarantee that in the event of future Russian aggression, Ukraine will 
receive greatly increased support from the West. Ukraine’s right to join ( 
https://www.ft.com/content/e50481a3-161c-4002-83e4-cae0be12799e ) the European 
Union must also be explicitly included.

To be acceptable to the Russians, a peace settlement will need to include some 
kind of formal and permanent bar on Ukraine joining NATO ( 
https://apnews.com/article/russia-ukraine-war-berlin-talks-zelenskyy-05c363add7a4a3583f3beada7b1fb775
 ) , and on Western combat troops being deployed to Ukraine. There will also 
need to be some sort of guarantees for the linguistic and cultural rights of 
Russian–speaking citizens of Ukraine (with a reciprocal guarantee by Moscow of 
the rights of Ukrainians in Russia). Most Western economic and political 
sanctions against Russia would be suspended, with a “ snap-back ( 
https://www.foreignaffairs.com/ukraine/snapback-solution-ukraine ) ” proviso 
that they will automatically resume if Russia restarts the war.

On the question of control of the part of the Donbas still held by Ukraine, the 
most likely outcome will be a ceasefire along the existing front line, along 
with the disarmament of this territory, which will remain under Ukrainian 
sovereignty and administration. This assumes that Russia remains incapable of 
capturing this territory. Both sides will have to guarantee they will not 
attempt to change the ceasefire line and acquire more territory by force.

Ideally (and as an incentive to Russia to drop its territorial demand), the 
peace settlement will include measures to reduce military confrontation in 
Europe and lay the foundations of a new European security architecture.

Does such an agreement benefit U.S. interests?
----------------------------------------------

Yes. No significant U.S. interests would be sacrificed, especially when one 
considers that the Ukrainian front line with Russia today runs almost 1,000 
miles east of the front lines during the Cold War, when Soviet armies were 
stationed in the middle of what is now a reunited Germany.

This agreement would remove the danger that the war in Ukraine could lead to a 
direct clash between NATO and Russia, with the possibility of escalation to 
full-scale war and mutual nuclear annihilation. An end to the war will greatly 
facilitate the transfer of the chief responsibility for European security to 
Europeans themselves, allowing the U.S. to concentrate its resources on urgent 
tasks elsewhere.

Would such an agreement embolden or empower Putin to engage in further 
aggression?
----------------------------------------------------------------------------------

No. The Russian army has suffered enormously in this war, with total casualties 
( 
https://www.pbs.org/newshour/world/ukraine-says-russias-military-losses-have-topped-1-million-in-3-years-of-war
 ) probably exceeding one million men. Virtually the entire force with which 
Russia began the war has been destroyed. Russia apparently began the war with 
the intent of subjugating Ukraine to Russia; instead, the result of a peace 
treaty would be an independent and Western–aligned Ukraine with a very 
substantial independent military force and external security guarantees. After 
years of talking up the Russian threat to Europe, Finnish President Alexander 
Stubb has now said ( 
https://www.wsj.com/livecoverage/greenland-trump-tariffs-trade-eu/card/Ogd9oWKwzbgUTyYtMim0?gaa_at=eafs&gaa_n=AWEtsqdc5M9TOVGe348XhzTlsAcFUM2h8rLd721p4o7vQNdhisTSFRCCrz6MNaj37hQ%3D&gaa_ts=6973c10f&gaa_sig=k_O1-cK213OEqKqEU2HxroSy32IP27nGCio6qaRwzig3i_GacPhTDpw-SxPWlSMhC_Egj5Lw9_MlSzb8nf5Mug%3D%3D
 ) that Europe can defend itself without America, because Ukraine has 
restricted Russia’s advances since 2022 to barely 1 percent more territory and 
imposed huge casualties on Russia.

Given the tremendous advantages that contemporary military technology provides 
for defense, it is entirely within NATO’s capacity to help the Ukrainians build 
defenses strong enough to deter the Russians.

Russian threats and “hybrid” actions against the West since 2022 have been an 
outgrowth of the war in Ukraine. Indeed, the intention of these threats has 
been to deter NATO from intervening directly in Ukraine.

Finally, what is the alternative? All serious military analysts, including the 
Ukrainians themselves, now agree that Ukraine cannot reconquer its lost 
territories on the battlefield. The alternative to a peace settlement is 
therefore indefinite war, with the risk that an exhausted and heavily 
outnumbered Ukrainian army may eventually collapse, leading to much greater 
Russian gains.

Could Ukraine maintain its security and sovereignty under such an agreement?
----------------------------------------------------------------------------

Yes. This agreement would leave four-fifths of Ukraine (including all its core 
ethnic territories) as an independent state, with the recognized right to join 
the European Union. Russia would play no role in the administration of Ukraine. 
And for the reasons set out above, the West would be in a position to help 
Ukraine build defenses that are formidable enough to deter future Russian 
aggression.

Would such an agreement commit the U.S. to do more than the considerable amount 
it has already done for Ukraine?
----------------------------------------------------------------------------------------------------------------

No. Under this agreement and in the case of reinvasion, the U.S. would only be 
committed to do things very similar to what it has already done in this war: 
supply Europe and/or Ukraine with weapons and intelligence, and impose 
punishing economic sanctions on Russia. The U.S. would not be committed to 
going to war in Ukraine itself, nor to a direct combat role in any military 
operation that European states might undertake.

What would happen if Ukraine and Russia prove unable or unwilling to reach a 
compromise peace?
----------------------------------------------------------------------------------------------

If Russia were to conclude that no compromise peace with Ukraine is attainable, 
it would accelerate air strikes on a wide range of Ukrainian targets and 
increase the number of soldiers it has deployed to the front lines. It would 
decide in the course of a stepped-up offensive where the de facto border 
between Russia and a rump Ukraine will be drawn — ranging anywhere from full 
control over the territories it has officially annexed to complete conquest of 
Ukraine’s coastline — and then unilaterally declare an end to its military 
action.

Russia could not conquer all of Ukraine and would not try, as this would 
require an occupation army many times the size of the entire Russian military 
and would almost certainly encounter sustained Ukrainian guerrilla attacks. But 
it would ensure that unoccupied Ukrainian territory could not be reconstructed 
by wielding an ever-present threat to bomb reconstruction projects.  This would 
ensure that few of the millions of Ukrainians who fled the country ever return, 
effectively close the door on Ukraine’s NATO and EU membership, and make it 
likely that Ukraine would become a dysfunctional and unstable rump state, 
radiating instability into broader Europe.


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