Berliner Boersenzeitung - Ukraine: Problem with the ceasefire?

EUR -
AED 4.183233
AFN 72.900796
ALL 94.178505
AMD 419.314312
ANG 2.039391
AOA 1044.526125
ARS 1682.963331
AUD 1.650836
AWG 2.050323
AZN 1.940938
BAM 1.953816
BBD 2.29467
BDT 140.137703
BGN 1.926028
BHD 0.429564
BIF 3383.764104
BMD 1.139068
BND 1.474203
BOB 7.873316
BRL 5.906116
BSD 1.139343
BTN 106.936538
BWP 15.483957
BYN 3.304345
BYR 22325.7403
BZD 2.291333
CAD 1.616088
CDF 2585.685641
CHF 0.921945
CLF 0.026716
CLP 1051.47848
CNY 7.750051
CNH 7.748997
COP 3924.853754
CRC 517.274756
CUC 1.139068
CUP 30.185312
CVE 110.152667
CZK 24.262503
DJF 202.435681
DKK 7.474852
DOP 66.942027
DZD 151.891398
EGP 56.388104
ERN 17.086026
ETB 183.690043
FJD 2.581248
FKP 0.861953
GBP 0.862588
GEL 3.012882
GGP 0.861953
GHS 12.846463
GIP 0.861953
GMD 83.152397
GNF 9982.863336
GTQ 8.692174
GYD 238.447299
HKD 8.931931
HNL 30.484046
HRK 7.534145
HTG 148.908797
HUF 353.806604
IDR 20318.644856
ILS 3.419541
IMP 0.861953
INR 107.482778
IQD 1492.484522
IRR 1566275.979936
ISK 143.990074
JEP 0.861953
JMD 179.437798
JOD 0.807645
JPY 184.248302
KES 147.464231
KGS 99.611968
KHR 4573.356185
KMF 494.356077
KPW 1025.161943
KRW 1749.07411
KWD 0.352667
KYD 0.949478
KZT 552.798685
LAK 25007.607115
LBP 102029.928944
LKR 382.987923
LRD 207.538374
LSL 18.727983
LTL 3.363373
LVL 0.689012
LYD 7.313542
MAD 10.683358
MDL 20.201374
MGA 4819.022121
MKD 61.650608
MMK 2391.4173
MNT 4078.140908
MOP 9.203718
MRU 45.46983
MUR 54.345384
MVR 17.599037
MWK 1975.671941
MXN 19.928917
MYR 4.656556
MZN 72.790718
NAD 18.727983
NGN 1569.96699
NIO 41.927427
NOK 11.321935
NPR 171.101263
NZD 2.019175
OMR 0.437978
PAB 1.139393
PEN 3.885055
PGK 4.999879
PHP 69.810658
PKR 317.086147
PLN 4.288536
PYG 6953.908432
QAR 4.152965
RON 5.240402
RSD 117.409287
RUB 89.840095
RWF 1668.578957
SAR 4.278556
SBD 9.171725
SCR 15.116694
SDG 683.441416
SEK 11.086063
SGD 1.474085
SHP 0.85043
SLE 28.253073
SLL 23885.698624
SOS 651.167384
SRD 42.695744
STD 23576.41575
STN 24.475148
SVC 9.968834
SYP 125.903618
SZL 18.716995
THB 37.997617
TJS 10.544809
TMT 3.986739
TND 3.377019
TOP 2.742604
TRY 53.107967
TTD 7.743002
TWD 36.285825
TZS 2987.418743
UAH 51.139324
UGX 4181.643799
USD 1.139068
UYU 45.735567
UZS 13685.704189
VES 707.080099
VND 29957.498463
VUV 136.632283
WST 3.172872
XAF 655.291613
XAG 0.019292
XAU 0.000279
XCD 3.07839
XCG 2.053315
XDR 0.816089
XOF 655.288739
XPF 119.331742
YER 271.810235
ZAR 18.752312
ZMK 10252.986409
ZMW 20.523521
ZWL 366.779554
  • RBGPF

    0.0000

    61.3

    0%

  • CMSC

    -0.1060

    21.94

    -0.48%

  • BCC

    0.1550

    79.915

    +0.19%

  • BCE

    -0.3750

    22.825

    -1.64%

  • BTI

    0.1100

    62.59

    +0.18%

  • GSK

    0.3700

    52.26

    +0.71%

  • RELX

    0.3650

    31.285

    +1.17%

  • RIO

    -1.0750

    94.035

    -1.14%

  • NGG

    -0.3700

    83.05

    -0.45%

  • CMSD

    -0.1100

    21.82

    -0.5%

  • RYCEF

    0.7000

    18.7

    +3.74%

  • VOD

    0.0800

    13.94

    +0.57%

  • AZN

    3.3000

    188.98

    +1.75%

  • JRI

    0.1850

    12.765

    +1.45%

  • BP

    -0.5850

    37.135

    -1.58%


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.