Putin

The summit between Presidents Donald Trump and Vladimir Putin ended predictably, without a ceasefire deal or, it seems, assent on much else. Trump said “Many points were agreed to, and there are just a very few that are left,” but failed to offer any details. Even if true, the leftovers are critical, and the gulf between the two governments on the war remains huge. Critically, Putin cares more about security than image or economics, and understandably believes that he would lose leverage by agreeing to halt military operations before winning the concessions he demands from Ukraine. Nevertheless, the summit improved, however slightly, the prospects for negotiating an end to the war.

Ahead of the Trump-Putin summit in Alaska to discuss Ukraine, President Trump said there would be “some land swapping.” He waxed lyrical about “prime real estate.” The summit’s location is a good example of land swaps and prime real estate and is in a region of growing geopolitical importance.   In 1867 Russia "swapped" Alaska for $7.2 million in a deal mocked as Seward’s Folly after Secretary of State William H. Seward who negotiated the exchange. It turned out to be a snip. Commercially viable oil was discovered three decades later and has brought in more than $180 billion in revenue since Alaska became a state in 1959.

The Trump-Putin honeymoon is over. After three months of lengthy one-on-one phone calls, a handful of false starts on negotiations and flashes of Trumpian boosterism over the prospect of great commercial deals with the Kremlin, a fourth summer of war in Ukraine looks inevitable. Vladimir Putin will pretend to negotiate, while at the same time continuing to pound Ukraine’s cities with missiles and pressing forward on the ground. The Ukrainians will continue to scramble for men and resources with which to defend themselves. And the White House will continue to blame both sides for not reaching a deal. Over these three months of false hope, Putin has made two things very clear.

‘You want a ceasefire? I want your death,’ said Russia’s chief propagandist Vladimir Soloviev during prime time television, the camera zooming in on his face. His message was aimed at both Ukrainians and Europeans urging the Kremlin to stop the war. Soloviev, alongside a chorus of other Kremlin loyalists and military experts, has lately been gloating about how Vladimir Putin weathered western pressure and secured Donald Trump on his side. There will be no peace, they say, until Ukraine capitulates to Russian demands. Putin, as if to prove the point, announced yesterday that he had ordered the military to begin creating a ‘security buffer zone’ along the Ukrainian border – which is not quite the peace process Trump has been calling for.

Washington, DC My office this week has been the Starbucks on Capitol Hill. Any random subscriber to my Substack can get a half-hour with me if they book a slot. I do this a lot when I travel and oddly, given the rot of this rotting world, I rarely come away with the feeling that here were 30 precious minutes I’ll never see again. I often want to spend an hour or two. And no one yet has killed or even attacked me. A leftist policy wonk did show up without an appointment, but he just wanted to talk about Ezra Klein. One of this week’s characters was a Russia expert at a foreign policy thinktank, who seems to really know his stuff. He filled in important nuances ofthe Prigozhin coup. Yevgeny Prigozhin never meant to overthrow Vladimir Putin, he said.

The verbal pummelling of Volodymyr Zelensky in the White House last week was an ugly moment of bitter truth. We saw the West tearing itself apart thanks to Donald Trump’s vanity and J.D. Vance’s disdain for the Ukrainian leader. If there is anything positive to be taken from the uncomfortable spectacle, it is that Europe now understands it has to take its defence much more seriously. And it is a mercy that negotiations between Zelensky and Trump have not been derailed for good. The Ukrainian President spent the week doing what his US counterpart accused him of failing to do: thanking the US for military and other aid it has received since Russia’s full-scale invasion three years ago. Zelensky appears keen to return to the table to discuss a minerals deal.