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Trump’s Ukraine peace plan looking like a non-starter

We are now well beyond the 24 hours that Donald Trump had promised it would take him to secure an end to the Russian war of aggression against Ukraine. But Trump’s first week since his inauguration on January 20, 2025, has nonetheless been a busy one regarding Ukraine.

In his inauguration address, Trump only made a passing and indirect reference to Ukraine, criticizing his predecessor Joe Biden of running “a government that has given unlimited funding to the defense of foreign borders but refuses to defend American borders.”

Trump’s first more substantive statement on Ukraine was a post on his TruthSocial network, threatening Russia taxes, tariffs and sanctions if his Russian counterpart doesn’t agree to make a deal soon. He reiterated this point on January 23 in comments at the World Economic Forum in Davos, adding that he “really would like to be able to meet with President Putin.”

Trump’s nominee for treasury secretary, Scott Bessent, had already backed Trump’s approach during his Senate confirmation hearing on January 16. Like Trump, Bessent specifically emphasized increasing sanctions on Russian oil companies “to levels that would bring the Russian Federation to the table.”

The following day, Putin responded by saying that he and Trump should indeed meet to discuss Ukraine and oil prices. But this was far from a firm commitment to enter into negotiations, and particularly not with Ukraine.

Putin alluded to an October 2022 decree by Ukraine’s president, Volodymyr Zelensky, banning any negotiations with the Kremlin after Russia formally annexed four regions of Ukraine. Zelensky has since clarified that the decree applies to everyone but him, thus signaling that he would not stand in the way of opening direct talks

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