Why a Russia-Ukraine deal may be difficult to reach

Why a Russia-Ukraine deal may be difficult to reach


It will be difficult to find a diplomatic resolution for the war in Ukraine unless the situation on the ground changes, according to Francis Fukuyama, a senior fellow at Stanford University’s Freeman Spogli Institute for International Studies.

“Both of the sides have lost so much that the kind of concessions that would be needed to come to a compromise solution are just not politically acceptable,” he told CNBC’s “Street Signs Asia” on Wednesday.

For Ukraine, it’s difficult to accept anything less than Russia withdrawing to its pre-war territory, he said.

“If the Russians don’t withdraw to the positions they held on Feb. 23, before the invasion, I don’t see how a Ukrainian president could survive that,” said Fukuyama.

“He’s basically conceding Ukrainian territory to Russian aggression,” he added.

The Russians have been demoralized, they’ve abandoned their vehicles. They don’t know why they’re fighting.

Francis Fukuyama

Stanford University

On the other hand, Russia cannot agree to letting go of any territorial gains since the war in Ukraine began.

“It would mean that [President Vladimir Putin] launched this massive war, he’s taken massive casualties and inflicted massive casualties — all for nothing,” Fukuyama said.

“A solution will have to await new developments on the battlefield,” he said.

Besides the territorial issue, Russia has said it wants Ukraine to sign a neutrality agreement, something that Ukrainian President Volodymyr Zelenskyy has said he is prepared to do.

Zelenskyy also said he was willing to compromise with Russia with regard to the Donbas, a contested region in the east of Ukraine.

‘Destroyed’ and demoralized

While Fukuyama said he can’t predict how the war will play out, he said Russia has already been defeated in the area north of Kyiv.

“They claim that they’re just regrouping but, you know, make no mistake about it, the Ukrainians really destroyed, you know, a quarter to a third of that massive force that they had,” he said.

Fukuyama said he’s “more optimistic” about Ukraine’s odds of winning the war because their morale is higher.

“The Russians have been demoralized, they’ve abandoned their vehicles. They don’t know why they’re fighting,” he said, adding Russia’s vehicles were not well maintained due to corruption.

On the other hand, “tens of thousands” of Ukrainians returned home to fight on behalf of their country.

“They’ve been motivated by a deep sense of patriotism and national identity,” said Fukuyama.

“I think that those are factors that really play a huge role in determining the outcome of the military conflict,” he said.



Source

Stocks making the biggest moves midday: MP Materials, Alibaba, Protagonist Therapeutics & more
World

Stocks making the biggest moves midday: MP Materials, Alibaba, Protagonist Therapeutics & more

Check out the companies making the biggest moves midday: Rare earth stocks — The group rose broadly after President Donald Trump said China was holding the world “captive” over the minerals, threatening countermeasures. MP Materials traded 13% higher along with USA Rare Earth . Magnificent Seven — Megacap tech stocks tumbled Friday after Donald Trump […]

Read More
U.S. crude oil falls 4% after Trump-China trade flare-up threatens to slow global growth
World

U.S. crude oil falls 4% after Trump-China trade flare-up threatens to slow global growth

Oil prices were little changed in early Asian trade on Friday after falling more than 1% in the previous session. Chunyip Wong | E+ | Getty Images U.S. crude oil fell 4% on Friday, after President Donald Trump threatened China with higher tariffs in retaliation for Beijing imposing stricter export controls rare earth minerals. U.S. […]

Read More
European markets tumble as Trump threatens China with tariffs hike
World

European markets tumble as Trump threatens China with tariffs hike

Stocks listed in Europe dropped Friday after U.S. President Donald Trump threatened China with a fresh wave of tariff increases. The pan-European Stoxx 600 finished Friday’s trading session down 1.3%, with most sectors and major bourses in the red. The U.K.’s FTSE 100 was down 0.9% and Germany’s DAX was lower at 1.4%. The CAC […]

Read More