Putin
‘ready for negotiations’ with Trump on Ukraine war
Russian
president strikes noticeably favourable tone, downplaying Trump’s economic
threats
Pjotr Sauer
Fri 24 Jan
2025 17.36 CET
Vladimir
Putin has said he is ready to discuss the war in Ukraine with Donald Trump and
suggested it would be a good idea for them to meet.
In his first
comments since Trump issued threats to inflict economic damage on Russia if it
failed to end the war in Ukraine, Putin struck a favourable tone towards the US
president.
Putin told a
Russian state TV journalist: “We believe the current president’s statements
about his readiness to work together. We are always open to this and ready for
negotiations.
“It would be
better for us to meet, based on the realities of today, to talk calmly.”
Putin went
on to describe his relationship with Trump as “businesslike, pragmatic and
trustworthy”.
He added
that negotiating with Ukraine was complicated by the fact that its president,
Volodymyr Zelenskyy, had signed a decree preventing him from conducting talks
with Putin.
In what
seems to be an effort to court Trump’s favour, Putin echoed the US president’s
claim that he would have prevented the war starting in Ukraine in 2022, and
parroted Trump’s debunked assertion that the 2020 US elections were “stolen”
from him.
In the days
since his inauguration, Trump has repeatedly called for a swift resolution to
the war in Ukraine, now nearing its third year, and has expressed his readiness
to meet Putin “immediately”.
In his
nightly video address late on Friday, Zelenskyy said that Putin was seeking to
“manipulate” Trump.
“He is
trying to manipulate the US president’s desire to achieve peace. I am confident
that no Russian manipulations will succeed any longer,” he said.
Trump’s
attempts to persuade Putin to negotiate have been reinforced by threats to
escalate pressure on Russia’s already strained economy, including introducing
sanctions and tariffs, if Moscow fails to “make a deal” to end the war.
Speaking at
the World Economic Forum in Davos on Thursday evening, Trump called on Opec to
push down global oil prices as a way to hit a vital stream of revenue for the
Kremlin.
“Right now
the price is high enough that that war will continue,” he said.
Oil and gas
revenues have been Russia’s most important source of cash, accounting for a
third to a half of federal budget proceeds over the past decade.
On Friday,
Putin downplayed Trump’s economic threats, saying “excessively” low oil prices
were bad for both the US and Russia.
In response
to Trump’s initial approach, Moscow officials are choosing their words
carefully while maintaining a firm position on their demands to end the war.
“We don’t
see anything new here,” Peskov said on Thursday when asked about Trump’s
economic ultimatums.
Still,
Trump’s threats seem to have stirred frustration among Moscow’s elite, with
some politicians and nationalists reacting negatively, sentiments amplified on
state TV.
A source in
the Russian foreign policy establishment said: “Putin does not like public
threats. He wants to be spoken to as an equal. It is clear that any deal will
take some time.”
Some
observers believe Putin may view Trump’s economic warning with scepticism.
Throughout
the war, Putin has expressed confidence that Russia’s economy has withstood
western sanctions better than anticipated by most economists, both inside and
outside Russia.
Still,
cracks in the economy are beginning to show as Russia struggles with runaway
inflation while pouring billions into defence.
Despite
this, many in the elite believe Russia’s ability to withstand at least another
year of conflict means Putin is unlikely to let the economy influence his
decisions.
Alexandra
Prokopenko, a former Russian Central Bank official and Russian economy expert,
wrote in a piece for Foreign Affairs that “simmering economic problems are
unlikely to overpower the forces keeping Putin determined to continue the war
in Ukraine”.
Russia has
made gradual but steady advances in eastern Ukraine despite record casualties.
Kyiv is facing a personnel crisis, prompting the Biden administration to urge
Ukraine to lower its mobilisation age from 25 to 18.
Putin last
outlined his position for peace talks during his annual end-of-year conference,
demanding that the west lift all sanctions and Ukraine withdraw from the
regions of Donetsk, Luhansk, Kherson and Zaporizhzhia.
He also
insisted that Ukraine abandon its Nato aspirations, become a permanently
neutral state, and drastically reduce its military forces – moves that would in
effect strip Ukraine of its sovereignty.
It remains
unclear how flexible Putin is on these demands.
One source
briefed on top-level Kremlin discussions about possible negotiation tactics
suggested Moscow was curious about potential overtures from the US, but might
have little interest in signing a deal. The source suggested Moscow could keep
the talks going to prolong the fighting while shifting its terms for peace.
Several
hardline figures close to Putin have recently said Ukraine’s capitulation is
the only acceptable outcome.
On Friday,
the businessperson Konstantin Malofeev, one of Russia’s most prominent
conservative voices, reiterated Putin’s maximalist demands for peace. “We must
achieve victory, which will eliminate the Ukrainian state as such. We are, of
course, ready to stop military action, but only on terms that ensure our
security for many years to come,” he wrote on his Telegram channel.
While Trump
has not given a detailed blueprint for ending the war, his running mate, JD
Vance, has suggested Trump could push a “heavily fortified” demilitarised zone
at the countries’ borders, freezing the war along the current frontlines.
Trump’s
return to the White House has reignited discussions about the possibility of
western peacekeeping forces being stationed in Ukraine to help maintain a
ceasefire.
But the
Russian foreign ministry has called the idea “unacceptable”, while also
dismissing calls to freeze the war along the frontlines.
Still, the
situation remains in flux, and this week Trump made statements that appeared
aimed at soothing Moscow.
In an
interview with Fox News on Thursday, he described President Zelenskyy as “no
angel” and suggested the Ukrainian leader shared some of the blame for the
war’s outbreak. “He shouldn’t have allowed this war to happen.”
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