By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Ukraine pleads with developing nations at Swiss peace summit
News

Ukraine pleads with developing nations at Swiss peace summit

News Room
Last updated: 2024/06/14 at 6:43 AM
By News Room
Share
5 Min Read
SHARE

Stay informed with free updates

Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.

Ukraine is set to hold a first global summit aimed at broadening support for Kyiv’s peace plan and dialling up pressure on Moscow to end the war.

Some 80 world leaders are expected at the Swiss resort of Bürgenstock on Saturday and Sunday, where President Volodymyr Zelenskyy is set to appeal to nations that have been indifferent to his nation’s plight, more than two years after Russia’s full-scale invasion. He will home in on three of the 10 points in his peace plan: nuclear safety, food security and return of Ukrainians, including children, being held by Russia.

The remaining points, which include the full retreat of Russian forces from Ukrainian territory, would be tackled at a later stage, officials said.

Vladimir Putin is not invited to the summit and the Kremlin has said it would not have accepted the invitation anyway. China, Saudi Arabia and Brazil have declined to participate because of the Russian president’s absence.

Throughout the war, Zelenskyy, who has spearheaded the peace summit initiative, said there was no point negotiating with Russia, which has already broken previous agreements. In addition, both Kyiv and Moscow have been reluctant to hold direct talks during an active conflict.

But over the past month, Ukrainian officials have started entertaining the prospect of negotiations, at some point in the future.

Ukraine’s intelligence general Vadym Skibitsky told the Economist last month that the war would end in negotiations and floated mid-2025 as the point when they estimate Russia will be at its weakest.

Expanding on Skibitsky’s comments, a senior Ukrainian official told the Financial Times that the 2025 date depends on the west outspending Russia to create the best possible negotiating position for Ukraine.

“We hope that the war has an economic effect, which will lead to political collapse in Russia. We will not be able to beat [Russia],” said a Ukrainian defence official.

Earlier this month, Zelenskyy said the Swiss summit was a first step in a process modelled on the successful Black Sea grain corridor initiative where Ukraine negotiated with the UN and Turkey and they in turn talked to Russia. In the end, two separate documents were signed.

Ukrainians believe they will able to retake the initiative on the battlefield by 2025 as more western weapons arrive over the next few months. “With new war dynamic [there will be] a possibility to conduct real negotiations,” said Alyona Getmanchuk, director of the New Europe Center, a Kyiv-based think-tank.

The Pentagon said earlier this week that the first new round of western weaponry had already enabled Ukraine to hold back the new Russian offensive in north-east Kharkiv region.

Elina Ribakova, a Russian economy expert, said that Moscow stopping its recent offensive was “dependent on how much it sees Ukraine getting support”.

Oleksandr Merezhko, head of Ukraine’s parliamentary foreign affairs committee did not rule out peace talks or the more likely prospect of a negotiated ceasefire, using the example of North and South Korea, who never formally declared peace.

But even ceasefire talks would be “hopeless” without serious security guarantees from the west, said Merezhko. A formal peace agreement would only be possible if China and the US, “the two countries Russia respects”, teamed up to pressure Moscow.

The lawmaker admitted that his country’s battered economy was unable to rival Russia or China’s offerings to developing nations.

“We cannot offer anything, except for our problems. We can only say it’s in your interest to support us because today international law is violated against us, and tomorrow it might be violated against you.”

Additional reporting from Christopher Miller in Kyiv

 

Read the full article here

News Room June 14, 2024 June 14, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Powell is an expert at making mistakes, but “doesn’t allow” himself the luxury of regrets.

Watch full video on YouTube

How Footwear Companies Are Changing

Watch full video on YouTube

Equinor ASA (EQNR) Shareholder/Analyst Call Prepared Remarks Transcript

FollowPlay Earnings CallPlay Earnings Call Equinor ASA (EQNR) Shareholder/Analyst Call May 12,…

Fed Chair Powell gives his advice to Harvard students on how he approaches AI

Watch full video on YouTube

The reservation wars are heating up

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

Equinor ASA (EQNR) Shareholder/Analyst Call Prepared Remarks Transcript

By News Room
News

Credit Saison Co., Ltd. 2026 Q4 – Results – Earnings Call Presentation (OTCMKTS:CSASF) 2026-05-16

By News Room
News

ABN AMRO Stock: Cost Cuts And Capital Returns Support A Buy Rating (OTCMKTS:AAVMY)

By News Room
News

ConocoPhillips: More Upside Given Long-Term Cash Flow Tailwinds (NYSE:COP)

By News Room
News

MaxCyte, Inc. (MXCT) Q1 2026 Earnings Call Transcript

By News Room
News

Draganfly Inc. (DPRO) Q1 2026 Earnings Call Transcript

By News Room
News

Fidelity Blue Chip Growth Fund Q1 2026 Commentary (FBGRX)

By News Room
News

Ryerson Holding Corporation 2026 Q1 – Results – Earnings Call Presentation (NYSE:RYZ) 2026-05-09

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?