Berliner Boersenzeitung - Trump, Putin and the question: What now?

EUR -
AED 4.178503
AFN 72.817958
ALL 94.307534
AMD 417.52196
ANG 2.037089
AOA 1043.346278
ARS 1680.769414
AUD 1.651341
AWG 2.048008
AZN 1.93225
BAM 1.956432
BBD 2.287709
BDT 139.595071
BGN 1.923854
BHD 0.428258
BIF 3384.665992
BMD 1.137782
BND 1.473596
BOB 7.842256
BRL 5.890069
BSD 1.135895
BTN 107.07969
BWP 15.499673
BYN 3.232373
BYR 22300.534107
BZD 2.284324
CAD 1.615042
CDF 2582.766022
CHF 0.920534
CLF 0.026602
CLP 1046.982471
CNY 7.7413
CNH 7.743707
COP 3922.311237
CRC 516.953106
CUC 1.137782
CUP 30.151232
CVE 110.763235
CZK 24.277888
DJF 202.270638
DKK 7.476521
DOP 67.555825
DZD 151.788141
EGP 56.327508
ERN 17.066735
ETB 179.147185
FJD 2.578327
FKP 0.86098
GBP 0.861978
GEL 3.009454
GGP 0.86098
GHS 12.800022
GIP 0.86098
GMD 83.058454
GNF 9989.728998
GTQ 8.658529
GYD 237.458319
HKD 8.921738
HNL 30.393523
HRK 7.536331
HTG 148.454055
HUF 354.703076
IDR 20406.12649
ILS 3.408797
IMP 0.86098
INR 107.733255
IQD 1487.898492
IRR 1564507.623398
ISK 144.0318
JEP 0.86098
JMD 179.011531
JOD 0.80665
JPY 183.89464
KES 147.400055
KGS 99.498748
KHR 4574.054744
KMF 493.797784
KPW 1024.004515
KRW 1757.771222
KWD 0.352325
KYD 0.946517
KZT 550.471387
LAK 25245.118479
LBP 101714.675008
LKR 382.811546
LRD 206.553058
LSL 18.809207
LTL 3.359576
LVL 0.688233
LYD 7.294317
MAD 10.712788
MDL 20.160659
MGA 4842.479059
MKD 61.64892
MMK 2388.717343
MNT 4073.536608
MOP 9.172959
MRU 45.114269
MUR 54.28369
MVR 17.578643
MWK 1969.628551
MXN 19.953521
MYR 4.665593
MZN 72.702936
NAD 18.809207
NGN 1565.725144
NIO 41.794718
NOK 11.244822
NPR 171.458449
NZD 2.016111
OMR 0.437478
PAB 1.134927
PEN 3.89355
PGK 4.984333
PHP 69.725601
PKR 316.112646
PLN 4.284775
PYG 6940.914354
QAR 4.147219
RON 5.235849
RSD 117.403259
RUB 85.734578
RWF 1669.085812
SAR 4.264425
SBD 9.16137
SCR 15.065958
SDG 682.668892
SEK 11.077933
SGD 1.474663
SHP 0.849469
SLE 28.216233
SLL 23858.731208
SOS 649.094488
SRD 42.461874
STD 23549.797521
STN 24.526241
SVC 9.938677
SYP 125.76147
SZL 18.808446
THB 38.041816
TJS 10.492303
TMT 3.982238
TND 3.342235
TOP 2.739507
TRY 53.048437
TTD 7.714288
TWD 36.245165
TZS 2989.734767
UAH 51.074789
UGX 4199.208158
USD 1.137782
UYU 45.533301
UZS 13633.162054
VES 706.281792
VND 29934.4848
VUV 136.478022
WST 3.169289
XAF 656.659583
XAG 0.020121
XAU 0.000284
XCD 3.074914
XCG 2.046999
XDR 0.816724
XOF 656.705807
XPF 119.331742
YER 271.503336
ZAR 18.796699
ZMK 10241.409173
ZMW 20.502378
ZWL 366.365453
  • RBGPF

    0.0000

    61.3

    0%

  • CMSC

    -0.0190

    22.046

    -0.09%

  • GSK

    0.8000

    51.89

    +1.54%

  • NGG

    0.5900

    83.42

    +0.71%

  • BP

    -0.1400

    37.72

    -0.37%

  • CMSD

    -0.0900

    21.93

    -0.41%

  • BTI

    1.0900

    62.48

    +1.74%

  • BCC

    2.1000

    79.76

    +2.63%

  • BCE

    0.0000

    23.2

    0%

  • RYCEF

    0.7000

    18.7

    +3.74%

  • RIO

    1.0800

    95.11

    +1.14%

  • RELX

    -0.2300

    30.92

    -0.74%

  • JRI

    0.0100

    12.58

    +0.08%

  • AZN

    2.6600

    185.68

    +1.43%

  • VOD

    0.0500

    13.86

    +0.36%


Trump, Putin and the question: What now?




US President Donald Trump's (78) hopes for a quick diplomatic solution to the Ukraine conflict were sorely tried again yesterday. After a two-hour phone call with Russian dictator and war criminal Vladimir Putin (72), there is still no breakthrough in sight. Putin firmly rejected a proposal for a 30-day general ceasefire supported by Trump and stuck to his maximum demands, as Russian and American sources agree.

Trump, who has repeatedly promised to quickly end the war in Ukraine since taking office on 20 January 2025, has been counting on direct talks with Putin to make progress. He spoke to the Kremlin chief as early as Tuesday 18 March, after his vassal and ‘special envoy’ Steve Witkoff was in Moscow the previous week. The aim was to agree to a ceasefire, which had been accepted by Ukraine in previous talks with the US in Saudi Arabia. But Putin remains intransigent: a general ceasefire will only come into question if the US and its partners cease military and intelligence support for Ukraine – a demand that is unacceptable to Washington.

Instead, both sides merely agreed to a limited 30-day ceasefire in attacks on Ukraine's energy infrastructure, which is to take effect immediately. This was confirmed by both the White House and the Kremlin. However, experts view this as minimal progress. ‘It's not a real breakthrough,’ said Nicole Deitelhoff of the Leibniz Institute for Peace and Conflict Research, commenting on the results. Putin has hardly budged and is clearly showing that he will not be put under pressure – either by Trump or by other actors.

Ukraine itself is being left out of the negotiations, which is causing concern in Kiev and European capitals. President Volodymyr Zelenskyy had previously emphasised that any solution without Ukrainian participation sends a ‘dangerous signal’ to authoritarian regimes worldwide. European politicians such as German Foreign Minister Annalena Baerbock and her French counterpart Jean-Noël Barrot reiterated their demand that decisions about Ukraine must not be made over the country's head. ‘There can be no decisions about Ukraine without Ukraine,’ Baerbock said on the sidelines of talks in Paris.

While Trump spoke of ‘progress’ after the phone call, Putin's attitude shows that Russia does not want to give up its position of strength. In June 2024, the nefarious Kremlin leader had already made it clear that he sees the recognition of the Ukrainian territories annexed in 2014 and 2023, a demilitarisation of Ukraine and the end of Western sanctions as prerequisites for peace. He maintained this line in his conversation with Trump.

Reactions in Ukraine have been muted. Journalists report concerns that a forced peace could give Russia time to recover militarily, only to reignite the conflict later. In Europe, outgoing German Chancellor Olaf Scholz (SPD) warned against a ‘dictated peace’ that would weaken Ukraine. ‘Ukraine must retain a strong army even after a peace agreement,’ he emphasised.

For Trump, who had claimed during the election campaign that he could end the war ‘within 24 hours’, reality is increasingly becoming a challenge. Putin's uncompromising stance is undermining the US president's plans and raising the question of how long Washington can maintain its patience with Moscow. The coming weeks will show whether Trump will adjust his strategy – or whether the conflict will remain in limbo.