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

EUR -
AED 4.311383
AFN 80.689649
ALL 97.605582
AMD 450.665792
ANG 2.100733
AOA 1076.366783
ARS 1503.320158
AUD 1.788675
AWG 2.115171
AZN 2.000105
BAM 1.958914
BBD 2.371952
BDT 143.608298
BGN 1.957467
BHD 0.442417
BIF 3501.556007
BMD 1.173791
BND 1.505231
BOB 8.117077
BRL 6.527432
BSD 1.174707
BTN 101.670628
BWP 15.772141
BYN 3.844443
BYR 23006.303709
BZD 2.359712
CAD 1.609104
CDF 3391.08264
CHF 0.933305
CLF 0.028613
CLP 1122.485065
CNY 8.397349
CNH 8.412807
COP 4823.694137
CRC 593.458604
CUC 1.173791
CUP 31.105462
CVE 110.44057
CZK 24.558412
DJF 208.606599
DKK 7.464119
DOP 71.275738
DZD 151.988957
EGP 57.621523
ERN 17.606865
ETB 163.480167
FJD 2.63364
FKP 0.867917
GBP 0.874111
GEL 3.181432
GGP 0.867917
GHS 12.275515
GIP 0.867917
GMD 84.51337
GNF 10194.20599
GTQ 9.016487
GYD 245.770708
HKD 9.214084
HNL 30.7599
HRK 7.535274
HTG 154.157695
HUF 396.267195
IDR 19199.699478
ILS 3.936138
IMP 0.867917
INR 101.477641
IQD 1538.846343
IRR 49431.278201
ISK 142.205233
JEP 0.867917
JMD 187.377879
JOD 0.832264
JPY 173.277422
KES 151.65826
KGS 102.476414
KHR 4705.600881
KMF 491.235989
KPW 1056.390967
KRW 1622.842408
KWD 0.358406
KYD 0.978956
KZT 640.133998
LAK 25323.905293
LBP 105255.769578
LKR 354.44555
LRD 235.526429
LSL 20.849455
LTL 3.4659
LVL 0.710015
LYD 6.341081
MAD 10.563593
MDL 19.75841
MGA 5188.380707
MKD 61.660124
MMK 2464.391977
MNT 4210.728168
MOP 9.497699
MRU 46.88253
MUR 53.302294
MVR 18.08077
MWK 2036.938173
MXN 21.788735
MYR 4.955163
MZN 75.07563
NAD 20.848744
NGN 1798.166097
NIO 43.224111
NOK 11.929526
NPR 162.676769
NZD 1.952267
OMR 0.451318
PAB 1.174697
PEN 4.160171
PGK 4.86874
PHP 67.07868
PKR 332.893353
PLN 4.249499
PYG 8798.987976
QAR 4.282007
RON 5.069725
RSD 117.180775
RUB 93.140377
RWF 1697.999353
SAR 4.403405
SBD 9.72497
SCR 17.240676
SDG 704.865814
SEK 11.17574
SGD 1.503357
SHP 0.922415
SLE 26.938939
SLL 24613.815124
SOS 671.378747
SRD 43.035291
STD 24295.10394
STN 24.539638
SVC 10.27834
SYP 15262.668311
SZL 20.841487
THB 38.028525
TJS 11.21853
TMT 4.120006
TND 3.429452
TOP 2.74914
TRY 47.599343
TTD 7.987903
TWD 34.599882
TZS 3007.84067
UAH 49.117383
UGX 4211.839198
USD 1.173791
UYU 47.054804
UZS 14863.629091
VES 141.17584
VND 30688.76584
VUV 140.241829
WST 3.213239
XAF 657.018271
XAG 0.030697
XAU 0.000352
XCD 3.172229
XCG 2.11712
XDR 0.814652
XOF 657.001452
XPF 119.331742
YER 282.825369
ZAR 20.847679
ZMK 10565.531807
ZMW 27.400142
ZWL 377.960225
  • RBGPF

    7.0000

    75

    +9.33%

  • JRI

    -0.0600

    13.09

    -0.46%

  • BCC

    1.7100

    88.14

    +1.94%

  • BTI

    -0.3700

    52.25

    -0.71%

  • CMSC

    0.0550

    22.485

    +0.24%

  • BCE

    -0.2300

    24.2

    -0.95%

  • GSK

    -0.2600

    37.97

    -0.68%

  • SCS

    0.0700

    10.58

    +0.66%

  • RIO

    -0.7300

    63.1

    -1.16%

  • RELX

    -0.9800

    52.73

    -1.86%

  • SCU

    0.0000

    12.72

    0%

  • NGG

    -0.0800

    72.15

    -0.11%

  • CMSD

    0.0400

    22.89

    +0.17%

  • BP

    0.0700

    32.2

    +0.22%

  • RYCEF

    -0.3500

    13.15

    -2.66%

  • VOD

    -0.0900

    11.43

    -0.79%

  • AZN

    -1.0200

    72.66

    -1.4%


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.