Berliner Boersenzeitung - Ukraine: Problem with the ceasefire?

EUR -
AED 4.231726
AFN 75.502746
ALL 92.965
AMD 422.064949
ANG 2.062582
AOA 1056.634887
ARS 1719.76132
AUD 1.634442
AWG 2.074092
AZN 1.965102
BAM 1.954686
BBD 2.321877
BDT 141.969088
BGN 1.955463
BHD 0.434754
BIF 3446.450739
BMD 1.152273
BND 1.475066
BOB 13.597251
BRL 5.977305
BSD 1.152843
BTN 109.840829
BWP 15.519088
BYN 3.443083
BYR 22584.55651
BZD 2.318579
CAD 1.607254
CDF 2621.422124
CHF 0.937777
CLF 0.02677
CLP 1053.580997
CNY 7.770758
CNH 7.773351
COP 3627.252616
CRC 523.703801
CUC 1.152273
CUP 30.535242
CVE 110.199804
CZK 24.227123
DJF 205.292999
DKK 7.475909
DOP 67.311929
DZD 153.326063
EGP 57.890902
ERN 17.284099
ETB 186.476931
FJD 2.553324
FKP 0.852914
GBP 0.854008
GEL 3.007425
GGP 0.852914
GHS 13.19942
GIP 0.852914
GMD 85.267943
GNF 10127.272165
GTQ 8.796101
GYD 241.23147
HKD 9.040431
HNL 30.900523
HRK 7.532992
HTG 150.797329
HUF 364.422547
IDR 20591.123716
ILS 3.438155
IMP 0.852914
INR 109.91944
IQD 1510.232728
IRR 1583943.672863
ISK 141.994931
JEP 0.852914
JMD 182.505194
JOD 0.81697
JPY 183.615869
KES 148.885092
KGS 100.766599
KHR 4668.440629
KMF 493.173008
KPW 1037.045738
KRW 1632.229249
KWD 0.356191
KYD 0.960748
KZT 536.781746
LAK 26011.062791
LBP 103237.306454
LKR 385.358702
LRD 209.239841
LSL 18.627726
LTL 3.402364
LVL 0.696999
LYD 7.352809
MAD 10.708151
MDL 19.98487
MGA 4961.150991
MKD 61.489955
MMK 2419.596483
MNT 4145.843888
MOP 9.318049
MRU 46.078938
MUR 54.329848
MVR 17.813799
MWK 1999.052017
MXN 19.658471
MYR 4.709914
MZN 73.633939
NAD 18.627403
NGN 1569.983733
NIO 42.426004
NOK 10.942298
NPR 175.743602
NZD 1.975492
OMR 0.443033
PAB 1.152843
PEN 3.896146
PGK 5.099116
PHP 70.705787
PKR 320.220551
PLN 4.307001
PYG 6879.079445
QAR 4.203059
RON 5.238469
RSD 117.308312
RUB 95.529629
RWF 1698.124829
SAR 4.342357
SBD 9.293016
SCR 15.893459
SDG 691.940947
SEK 11.044897
SGD 1.475192
SHP 0.85368
SLE 28.288052
SLL 24162.592104
SOS 658.821663
SRD 43.40595
STD 23849.730699
STN 24.486151
SVC 10.087207
SYP 14981.857107
SZL 18.608991
THB 38.147738
TJS 10.663676
TMT 4.032957
TND 3.385115
TOP 2.774397
TRY 55.049067
TTD 7.81851
TWD 37.08972
TZS 3053.521932
UAH 51.512019
UGX 4276.544136
USD 1.152273
UYU 46.403352
UZS 13785.023945
VES 881.936984
VND 30002.315822
VUV 136.653422
WST 3.146603
XAF 655.580524
XAG 0.017755
XAU 0.000263
XCD 3.114076
XCG 2.077707
XDR 0.815332
XOF 655.583367
XPF 119.331742
YER 273.261977
ZAR 18.626957
ZMK 10371.841681
ZMW 21.696635
ZWL 371.03153
  • RYCEF

    0.5500

    21.1

    +2.61%

  • RBGPF

    0.0000

    72.16

    0%

  • CMSC

    0.0100

    21.45

    +0.05%

  • BCC

    -1.2800

    84.25

    -1.52%

  • NGG

    0.4100

    80.68

    +0.51%

  • VOD

    0.1900

    16.09

    +1.18%

  • RELX

    -0.8200

    34.55

    -2.37%

  • RIO

    0.2300

    101.22

    +0.23%

  • GSK

    -0.6000

    50.3

    -1.19%

  • BCE

    -0.2400

    23.13

    -1.04%

  • JRI

    -0.0200

    12.71

    -0.16%

  • BTI

    -0.9700

    55.84

    -1.74%

  • CMSD

    -0.0400

    21.59

    -0.19%

  • BP

    -0.2300

    42.93

    -0.54%

  • AZN

    -0.2500

    158.5

    -0.16%


Ukraine: Problem with the ceasefire?




As the war in Ukraine grinds towards its fourth year, a new proposal for a 30-day ceasefire has emerged from U.S. diplomatic circles, touted as a potential stepping stone to de-escalation. Russia's nefarious dictator and war criminal Vladimir Putin (72) has signalled cautious receptivity, provided the truce addresses the "root causes" of the conflict, while Ukrainian leaders remain wary. On the surface, a pause in hostilities offers a glimmer of relief for a war-weary population. Yet, beneath the diplomatic veneer, the proposed ceasefire is riddled with problems—strategic, political, and practical—that threaten to undermine its viability and, worse, exacerbate an already volatile situation.

A Temporary Fix with No Clear Endgame
The most glaring issue with the ceasefire is its brevity. At 30 days, it offers little more than a fleeting respite, unlikely to resolve the deep-seated issues fuelling the war. Russia’s demand to tackle "root causes"—a thinly veiled reference to its territorial ambitions and opposition to Ukraine’s NATO aspirations—clashes directly with Kyiv’s insistence on full sovereignty and the restoration of pre-2014 borders. Without a framework for meaningful negotiations, the ceasefire risks becoming a mere intermission, allowing both sides to regroup and rearm rather than pursue peace.

Historical precedent supports this scepticism. The Minsk agreements of 2014 and 2015, intended to halt fighting in eastern Ukraine, collapsed amid mutual accusations of bad faith. A short-term truce now, absent a robust enforcement mechanism or mutual trust, could follow a similar trajectory, leaving civilians to bear the brunt when hostilities inevitably resume.

The Strategic Dilemma for Ukraine
For Ukraine, the ceasefire poses a strategic conundrum. President Volodymyr Zelensky has spent years rallying domestic and international support around the mantra of "no concessions" to Russian aggression. Pausing the fight now, especially after the recent loss of territory in Russia’s Kursk region, could be perceived as a sign of weakness, emboldening Moscow and disheartening Kyiv’s allies. Ukrainian commanders, including Oleksandr Syrskii, have prioritised preserving troop strength, but a ceasefire might freeze their forces in disadvantageous positions, particularly along the eastern front, where Russia continues to press its advantage.

Moreover, the timing is suspect. The temporary suspension of U.S. intelligence support earlier this year left Ukraine reeling, and while that assistance has resumed, Kyiv remains on the back foot. A ceasefire now could lock in Russia’s recent gains, including reclaimed territory in Kursk, without guaranteeing reciprocal concessions. For a nation fighting for survival, this asymmetry is a bitter pill to swallow.

Russia’s Leverage and Bad Faith
On the Russian side, the ceasefire proposal raises questions of intent. Putin’s willingness to entertain a truce comes as his forces, bolstered by North Korean reinforcements, have regained momentum. The Kremlin may see the pause as an opportunity to consolidate control over occupied regions, reinforce supply lines, and prepare for a spring offensive—all while avoiding the political cost of appearing to reject peace outright. Moscow’s track record of violating ceasefires, from Donbas to Syria, fuels Ukrainian fears that any lull would be exploited rather than honoured.

The involvement of North Korean troops adds another layer of complexity. Their presence, a breach of international norms, has drawn muted criticism from Western powers, yet the ceasefire proposal does not explicitly address this escalation. Without mechanisms to monitor or reverse such foreign involvement, the truce risks legitimising Russia’s reliance on external support, further tilting the battlefield in its favour.

The Humanitarian Paradox
Proponents argue that a ceasefire would alleviate civilian suffering, particularly as winter tightens its grip on Ukraine’s battered infrastructure. Yet, this humanitarian promise is fraught with paradox. Russia has repeatedly targeted energy grids and civilian areas, a tactic likely to persist during any truce unless explicitly prohibited and enforced. A 30-day pause might allow limited aid delivery, but without guarantees of safety or a longer-term commitment, it could also delay the broader reconstruction Ukraine desperately needs.

For Ukrainian refugees and displaced persons—numbering in the millions—a temporary ceasefire offers no clarity on when, or if, they can return home. Meanwhile, Russian authorities in occupied territories have accelerated "Russification" efforts, including forced conscription and passportisation, which a short truce would do little to halt.

The Absence of Enforcement
Perhaps the most damning flaw is the lack of an enforcement mechanism. Who would monitor compliance? The United Nations, hamstrung by Russia’s Security Council veto, is ill-equipped to intervene. NATO, while supportive of Ukraine, has stopped short of direct involvement, and independent observers lack the authority to deter violations. Without a credible arbiter, the ceasefire hinges on goodwill—a commodity in short supply after years of bloodshed and broken promises.

A Fragile Hope Undermined by Reality
The proposed ceasefire reflects a well-intentioned but flawed attempt to pause a war that defies easy resolution. For Ukraine, it risks entrenching losses without securing gains; for Russia, it offers a chance to regroup under the guise of diplomacy. For both, it lacks the substance to bridge their irreconcilable aims. As the U.S. and its allies prepare to table the proposal, they must confront an uncomfortable truth: a truce that fails to address the conflict’s underlying drivers—or to enforce its terms—may do more harm than good, prolonging a war it seeks to pause.

In Kyiv, where resilience has become a way of life, the mood is one of cautious defiance. "We want peace," a senior Ukrainian official remarked this week, "but not at the cost of our future." Until the ceasefire’s proponents can answer that concern, its promise remains as fragile as the front lines it aims to still.