Ukrainian troops head towards the front line. Ceasefire talks could soon begin with Kyiv and Russia urged to make concessions to end the three-year war. AFP
Ukrainian troops head towards the front line. Ceasefire talks could soon begin with Kyiv and Russia urged to make concessions to end the three-year war. AFP
Ukrainian troops head towards the front line. Ceasefire talks could soon begin with Kyiv and Russia urged to make concessions to end the three-year war. AFP
Ukrainian troops head towards the front line. Ceasefire talks could soon begin with Kyiv and Russia urged to make concessions to end the three-year war. AFP

Trump peace deal would mean ‘no one gets everything they want’


Thomas Harding
  • English
  • Arabic

Neither Ukraine nor Russia will get everything they want in coming peace negotiations to end the three-year war, the US Defence Secretary has said, after bewildered Nato allies absorbed Washington's apparent plan to force Kyiv to concede territory.

In a forthright speech and press conference, Pete Hegseth also told Nato’s European members that they had to take greater control for what was happening on their doorstep and increase defence spending.

“Make no mistake, President [Donald] Trump will not allow anyone to turn Uncle Sam into Uncle Sucker," he said, echoing comments by former US president Dwight Eisenhower after the Second World War.

He also argued that President Vladimir Putin only respected leaders who were strong negotiators and wielded “hard power”, adding that the Russian leader did not dare to invade Ukraine while Mr Trump was in the White House.

He also attempted to reassure fellow defence chiefs at Nato headquarters in Brussels, stating that “we're not abandoning our allies in Europe” but added that “no decisions have been made on troop levels”.

“We are committed to that Nato alliance, we understand the importance of that partnership but it can't endure on the status quo forever in light of the threats we face,” he said.

Nato defence chiefs on Thursday had to contend with the news that following a 90-minute phone call with Mr Putin, Mr Trump indicated that Ukraine should give up territory and any aspiration for Nato membership.

That resulted in a strong backlash from European leaders, shocked after years of sacrifices made in the face of Moscow’s invasion.

Nato’s Secretary General Mark Rutte insisted that any potential peace deal had to be “enduring”, highlighting similar comments made earlier by Mr Hegseth, but he too insisted Kyiv be “closely involved”.

The EU's foreign affairs chief, Kaja Kallas, said “any quick fix is a dirty deal”, while British Defence Secretary John Healey added that “Ukraine's voice must be at the heart of any talks”. According to a YouGov poll, more than four in 10 (44 per cent) of people in the UK say the US does not have a responsibility to defend Europe, compared with three in 10 (29 per cent) who say it does. A majority, (51 per cent) thought any Trump-Putin negotiated peace deal would be better for Russia than Ukraine.

Europe’s military leaders were startled by the US's readiness to concede to the Kremlin’s demands after Russia has seized more than 20 per cent of Ukraine's territory. However, Mr Hegseth said Mr Trump's efforts to seek peace were “certainly not a betrayal” of Kyiv.

“There is a recognition that the whole world and the United States is invested and interested in peace,” Mr Hegseth said ahead of the meeting of Nato defence ministers. “That will require both sides recognising things they don't want to.”

He added that it was not realistic for Ukraine to regain all its land or become a Nato member and insisted that Europe should provide the “overwhelming share” of military aid to Ukraine.

Nato Secretary General Mark Rutte, right, and US Secretary of Defence Pete Hegseth. AP
Nato Secretary General Mark Rutte, right, and US Secretary of Defence Pete Hegseth. AP

Germany's Defence Minister Boris Pistorius hit back, saying it was “regrettable” that Washington had made “concessions” to Russia before peace talks had even started.

Mr Trump’s former vice president Mike Pence said Ukraine would be “Russian some day” if the US abandoned the country to face Moscow’s “brutal invasion”. He added: “If Ukraine falls, it will only be a matter of time until Russia invades a Nato ally our troops will be required to defend."

The Kremlin’s official readout of the phone call claimed Mr Putin emphasised the need to “eliminate the root causes” of the war and that he agreed with Mr Trump that “a long-term settlement could be achieved through peaceful negotiations”.

It is understood Mr Putin wants to shore up his position that Nato will not interfere with countries east of its borders, that includes Ukraine, something he claims was the “root cause” of the invasion.

Concessions for peace

There is a sense now that both sides realise they may well have to make concessions in a conflict that has seen up to one million Russians dead and wounded, at least 45,000 Ukrainian soldiers killed, as well as billions of dollars of damage and thousands of civilians dead.

Ukraine might forfeit Crimea, which was seized in 2014, but will almost certainly want the vast amount of territory taken in the last three years of war returned.

Nato membership could be delayed for a decade and a Europe-led deterrence force would probably be installed on the front line.

In return Russia will have some of its land-grab confirmed and an end to the war that is hammering its economy, plus time to regroup its battered military. “Trump appears to be ignoring Europe and the UK and playing into Putin's hands,” retired British army officer Hamish de Bretton-Gordon told The National. “But after what Trump has said about Gaza, anything it seems is on the table. It's almost as though he doesn't realise the seriousness of the situation.”

Military analysts say Europe now had to significantly increase its defence spending.

“We have been playing fast and loose with security in Europe since the end of the Cold War, so I do agree with Trump that Europe should be spending not 2 per cent of GDP on defence but looking at 3 per cent,” said Col de Bretton-Gordon. “That is what is required with the US almost abrogating its Nato responsibilities.”

UAE currency: the story behind the money in your pockets
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

The biog

Name: Abeer Al Shahi

Emirate: Sharjah – Khor Fakkan

Education: Master’s degree in special education, preparing for a PhD in philosophy.

Favourite activities: Bungee jumping

Favourite quote: “My people and I will not settle for anything less than first place” – Sheikh Mohammed bin Rashid.

Getting%20there%20and%20where%20to%20stay
%3Cp%3EFly%20with%20Etihad%20Airways%20from%20Abu%20Dhabi%20to%20New%20York%E2%80%99s%20JFK.%20There's%2011%20flights%20a%20week%20and%20economy%20fares%20start%20at%20around%20Dh5%2C000.%3Cbr%3EStay%20at%20The%20Mark%20Hotel%20on%20the%20city%E2%80%99s%20Upper%20East%20Side.%20Overnight%20stays%20start%20from%20%241395%20per%20night.%3Cbr%3EVisit%20NYC%20Go%2C%20the%20official%20destination%20resource%20for%20New%20York%20City%20for%20all%20the%20latest%20events%2C%20activites%20and%20openings.%3Cbr%3E%3C%2Fp%3E%0A
Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

'The Sky is Everywhere'

Director:Josephine Decker

Stars:Grace Kaufman, Pico Alexander, Jacques Colimon

Rating:2/5

The specs: 2019 BMW X4

Price, base / as tested: Dh276,675 / Dh346,800

Engine: 3.0-litre turbocharged in-line six-cylinder

Transmission: Eight-speed automatic

Power: 354hp @ 5,500rpm

Torque: 500Nm @ 1,550rpm

Fuel economy, combined: 9.0L / 100km

Kandahar%20
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Ric%20Roman%20Waugh%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%C2%A0%3C%2Fstrong%3EGerard%20Butler%2C%20Navid%20Negahban%2C%20Ali%20Fazal%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202.5%2F5%3C%2Fp%3E%0A
Europe’s rearming plan
  • Suspend strict budget rules to allow member countries to step up defence spending
  • Create new "instrument" providing €150 billion of loans to member countries for defence investment
  • Use the existing EU budget to direct more funds towards defence-related investment
  • Engage the bloc's European Investment Bank to drop limits on lending to defence firms
  • Create a savings and investments union to help companies access capital
Ultra processed foods

- Carbonated drinks, sweet or savoury packaged snacks, confectionery, mass-produced packaged breads and buns 

- margarines and spreads; cookies, biscuits, pastries, cakes, and cake mixes, breakfast cereals, cereal and energy bars;

- energy drinks, milk drinks, fruit yoghurts and fruit drinks, cocoa drinks, meat and chicken extracts and instant sauces

- infant formulas and follow-on milks, health and slimming products such as powdered or fortified meal and dish substitutes,

- many ready-to-heat products including pre-prepared pies and pasta and pizza dishes, poultry and fish nuggets and sticks, sausages, burgers, hot dogs, and other reconstituted meat products, powdered and packaged instant soups, noodles and desserts.

Updated: February 14, 2025, 5:56 AM