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

EUR -
AED 4.275912
AFN 76.945742
ALL 96.507033
AMD 443.502545
ANG 2.084172
AOA 1067.669546
ARS 1669.615862
AUD 1.754156
AWG 2.095752
AZN 1.979584
BAM 1.95493
BBD 2.344656
BDT 142.426589
BGN 1.95493
BHD 0.438905
BIF 3439.568645
BMD 1.164307
BND 1.508029
BOB 8.044418
BRL 6.33336
BSD 1.164082
BTN 104.665401
BWP 15.466114
BYN 3.34681
BYR 22820.40996
BZD 2.341258
CAD 1.610277
CDF 2598.732168
CHF 0.936687
CLF 0.027361
CLP 1073.35122
CNY 8.231765
CNH 8.230635
COP 4422.730924
CRC 568.646829
CUC 1.164307
CUP 30.854126
CVE 110.21593
CZK 24.208254
DJF 207.297707
DKK 7.468805
DOP 74.506828
DZD 151.014766
EGP 55.297703
ERN 17.464599
ETB 180.565709
FJD 2.631857
FKP 0.872874
GBP 0.873789
GEL 3.137823
GGP 0.872874
GHS 13.242104
GIP 0.872874
GMD 84.994444
GNF 10115.496406
GTQ 8.91703
GYD 243.551567
HKD 9.063324
HNL 30.660349
HRK 7.534581
HTG 152.392152
HUF 381.731319
IDR 19431.753727
ILS 3.767358
IMP 0.872874
INR 104.724139
IQD 1525.021034
IRR 49031.867707
ISK 149.007685
JEP 0.872874
JMD 186.327044
JOD 0.825436
JPY 180.689329
KES 150.582958
KGS 101.819216
KHR 4660.924876
KMF 491.33727
KPW 1047.875385
KRW 1715.96691
KWD 0.357407
KYD 0.970168
KZT 588.717893
LAK 25243.761042
LBP 104246.887486
LKR 359.070136
LRD 204.88878
LSL 19.729516
LTL 3.437895
LVL 0.704277
LYD 6.328183
MAD 10.751913
MDL 19.807182
MGA 5192.688126
MKD 61.612569
MMK 2444.575233
MNT 4130.230657
MOP 9.335044
MRU 46.422332
MUR 53.640008
MVR 17.932029
MWK 2018.601284
MXN 21.162059
MYR 4.786443
MZN 74.410886
NAD 19.729516
NGN 1688.338127
NIO 42.840926
NOK 11.772625
NPR 167.464442
NZD 2.014838
OMR 0.446781
PAB 1.164182
PEN 3.913058
PGK 4.939801
PHP 68.653379
PKR 326.360799
PLN 4.229232
PYG 8006.435397
QAR 4.243211
RON 5.091044
RSD 117.347755
RUB 89.441675
RWF 1693.745915
SAR 4.36976
SBD 9.582933
SCR 15.771732
SDG 700.335953
SEK 10.943923
SGD 1.508534
SHP 0.873532
SLE 27.599807
SLL 24414.925724
SOS 664.104329
SRD 44.975958
STD 24098.796527
STN 24.489097
SVC 10.186465
SYP 12873.549183
SZL 19.714223
THB 37.112262
TJS 10.680845
TMT 4.086716
TND 3.41488
TOP 2.803371
TRY 49.55243
TTD 7.891487
TWD 36.43004
TZS 2840.6353
UAH 48.871442
UGX 4118.166521
USD 1.164307
UYU 45.529729
UZS 13926.799548
VES 296.376506
VND 30691.122782
VUV 141.301541
WST 3.246799
XAF 655.665087
XAG 0.019914
XAU 0.000277
XCD 3.146597
XCG 2.098066
XDR 0.815437
XOF 655.665087
XPF 119.331742
YER 277.745094
ZAR 19.719145
ZMK 10480.15708
ZMW 26.914017
ZWL 374.90626
  • RBGPF

    0.0000

    78.35

    0%

  • CMSD

    -0.0700

    23.25

    -0.3%

  • JRI

    0.0400

    13.79

    +0.29%

  • SCS

    -0.0900

    16.14

    -0.56%

  • RELX

    -0.2200

    40.32

    -0.55%

  • BCC

    -1.2100

    73.05

    -1.66%

  • BCE

    0.3300

    23.55

    +1.4%

  • GSK

    -0.1600

    48.41

    -0.33%

  • NGG

    -0.5000

    75.41

    -0.66%

  • CMSC

    -0.0500

    23.43

    -0.21%

  • RIO

    -0.6700

    73.06

    -0.92%

  • VOD

    -0.1630

    12.47

    -1.31%

  • BTI

    -1.0300

    57.01

    -1.81%

  • RYCEF

    -0.0500

    14.62

    -0.34%

  • BP

    -1.4000

    35.83

    -3.91%

  • AZN

    0.1500

    90.18

    +0.17%


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.