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

EUR -
AED 4.32435
AFN 74.767596
ALL 95.493453
AMD 434.448393
ANG 2.10758
AOA 1080.940537
ARS 1640.544696
AUD 1.625937
AWG 2.119491
AZN 2.00738
BAM 1.956972
BBD 2.371841
BDT 144.756688
BGN 1.964182
BHD 0.444328
BIF 3504.225563
BMD 1.177495
BND 1.495327
BOB 8.136873
BRL 5.779501
BSD 1.177625
BTN 112.180609
BWP 15.833617
BYN 3.2932
BYR 23078.904915
BZD 2.368449
CAD 1.611013
CDF 2603.442378
CHF 0.916622
CLF 0.026858
CLP 1057.061236
CNY 8.001106
CNH 7.998367
COP 4429.866274
CRC 539.727802
CUC 1.177495
CUP 31.203621
CVE 110.713971
CZK 24.327633
DJF 209.26438
DKK 7.470865
DOP 69.648624
DZD 155.739777
EGP 62.075428
ERN 17.662427
ETB 184.981179
FJD 2.571591
FKP 0.863625
GBP 0.865724
GEL 3.149816
GGP 0.863625
GHS 13.294621
GIP 0.863625
GMD 85.956967
GNF 10335.463626
GTQ 8.987604
GYD 246.309596
HKD 9.218292
HNL 31.333495
HRK 7.531851
HTG 154.125571
HUF 355.8879
IDR 20513.672859
ILS 3.416914
IMP 0.863625
INR 112.323323
IQD 1542.518645
IRR 1544346.705877
ISK 143.607451
JEP 0.863625
JMD 185.782835
JOD 0.83484
JPY 185.192889
KES 152.073578
KGS 102.971498
KHR 4724.735533
KMF 493.370017
KPW 1059.745583
KRW 1739.218877
KWD 0.362633
KYD 0.981396
KZT 545.591364
LAK 25846.018995
LBP 105444.68985
LKR 379.330385
LRD 215.746543
LSL 19.345919
LTL 3.476837
LVL 0.712255
LYD 7.44767
MAD 10.71079
MDL 20.184259
MGA 4910.155076
MKD 61.630297
MMK 2472.182192
MNT 4211.555483
MOP 9.496808
MRU 47.041013
MUR 55.024877
MVR 18.145569
MWK 2051.196213
MXN 20.252269
MYR 4.621697
MZN 75.207284
NAD 19.358292
NGN 1610.141993
NIO 43.226545
NOK 10.814646
NPR 179.488012
NZD 1.974589
OMR 0.452755
PAB 1.177605
PEN 4.037603
PGK 5.109445
PHP 72.021519
PKR 328.046584
PLN 4.239513
PYG 7238.303958
QAR 4.289025
RON 5.206294
RSD 117.393915
RUB 86.660659
RWF 1721.497907
SAR 4.417706
SBD 9.457945
SCR 16.12077
SDG 707.085325
SEK 10.8664
SGD 1.494715
SHP 0.879119
SLE 29.037285
SLL 24691.480006
SOS 672.945382
SRD 44.042442
STD 24371.772225
STN 24.962897
SVC 10.304302
SYP 130.169658
SZL 19.357396
THB 38.026003
TJS 11.022641
TMT 4.133008
TND 3.369401
TOP 2.835126
TRY 53.446268
TTD 7.982848
TWD 36.934254
TZS 3076.205014
UAH 51.753833
UGX 4427.689146
USD 1.177495
UYU 46.948778
UZS 14300.678949
VES 588.553311
VND 30997.55979
VUV 139.62477
WST 3.187593
XAF 656.355636
XAG 0.013577
XAU 0.000247
XCD 3.182239
XCG 2.122398
XDR 0.816296
XOF 654.095634
XPF 119.331742
YER 280.947421
ZAR 19.364497
ZMK 10598.86755
ZMW 22.265618
ZWL 379.152957
  • RBGPF

    0.2700

    63.18

    +0.43%

  • CMSD

    0.0763

    23.61

    +0.32%

  • BCC

    -1.4700

    69.2

    -2.12%

  • NGG

    0.2700

    87.16

    +0.31%

  • CMSC

    0.0100

    23.12

    +0.04%

  • RYCEF

    0.4200

    16.79

    +2.5%

  • GSK

    -0.6000

    49.81

    -1.2%

  • RIO

    2.5200

    107.9

    +2.34%

  • BCE

    0.1400

    24.28

    +0.58%

  • BTI

    2.1600

    60.44

    +3.57%

  • RELX

    -0.3100

    33.27

    -0.93%

  • AZN

    -0.9900

    181.86

    -0.54%

  • JRI

    -0.0197

    13.13

    -0.15%

  • BP

    0.8800

    44.22

    +1.99%

  • VOD

    0.1200

    16.32

    +0.74%


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.