Published by Global Banking and Finance Review
Posted on August 10, 2025
By Dan Peleschuk and Mark Trevelyan
(Reuters) -Ukrainian President Volodymyr Zelenskiy won diplomatic backing from Europe and the NATO alliance on Sunday ahead of a Russia-U.S. summit this week where Kyiv fears Vladimir Putin and Donald Trump may try to dictate terms for ending the 3-1/2-year war.
Trump, who for weeks had been threatening new sanctions against Russia for failing to halt the war, announced instead on Friday that he would meet Putin on August 15 in Alaska.
A White House official has said Trump is open to Zelenskiy attending but preparations are underway for only a bilateral meeting.
The Kremlin leader last week ruled out meeting Zelenskiy, saying conditions for such an encounter were "unfortunately still far" from being met.
Trump said a potential deal would involve "some swapping of territories to the betterment of both (sides)", compounding Ukrainian fears that it may face pressure to surrender land.
Zelenskiy says any decisions taken without Ukraine will be "stillborn" and unworkable. On Saturday the leaders of Britain, France, Germany, Italy, Poland, Finland and the European Commission said any diplomatic solution must protect the security interests of Ukraine and Europe.
"The U.S. has the power to force Russia to negotiate seriously," EU foreign policy chief Kaja Kallas said on Sunday. "Any deal between the U.S. and Russia must have Ukraine and the EU included, for it is a matter of Ukraine’s and the whole of Europe’s security."
EU foreign ministers will meet on Monday to discuss next steps, she said.
NATO Secretary General Mark Rutte told U.S. network ABC News that Friday's summit "will be about testing Putin, how serious he is on bringing this terrible war to an end".
He added: "It will be, of course, about security guarantees, but also about the absolute need to acknowledge that Ukraine decides on its own future, that Ukraine has to be a sovereign nation, deciding on its own geopolitical future."
Russia holds nearly a fifth of the country.
Rutte said a deal could not include legal recognition of Russian control over Ukrainian land, although it might include de facto recognition. He compared it to the situation after World War Two when Washington accepted that the Baltic states of Latvia, Lithuania and Estonia were de facto controlled by the Soviet Union but did not legally recognise their annexation.
Zelenskiy said on Sunday: "The end of the war must be fair, and I am grateful to everyone who stands with Ukraine and our people today."
A European official said Europe had come up with a counter-proposal to Trump's, but declined to provide details. Russian officials accused Europe of trying to thwart Trump's efforts to end the war.
"The Euro-imbeciles are trying to prevent American efforts to help resolve the Ukrainian conflict," former Russian president Dmitry Medvedev posted on social media on Sunday.
Russian Foreign Ministry spokeswoman Maria Zakharova said in a vituperative statement that the relationship between Ukraine and the European Union resembled "necrophilia".
Roman Alekhin, a Russian war blogger, said Europe had been reduced to the role of a spectator.
"If Putin and Trump reach an agreement directly, Europe will be faced with a fait accompli. Kyiv - even more so," he said.
CAPTURED TERRITORY
In addition to Crimea, which it seized in 2014, Russia has formally claimed the Ukrainian regions of Luhansk, Donetsk, Kherson and Zaporizhzhia as its own, although it controls only about 70% of the last three. It holds smaller pieces of territory in three other regions, while Ukraine says it holds a sliver of Russia's Kursk region.
Sergei Markov, a pro-Kremlin analyst, said a swap could entail Russia handing over 1,500 sq km to Ukraine and obtaining 7,000 sq km, which he said Russia would capture anyway within about six months.
He provided no evidence to back any of those figures. Russia took about 500 sq km of territory in July, according to Western military analysts who say its grinding advances have come at the cost of very high casualties.
Ukraine and its European allies have been haunted for months by the fear that Trump, keen to claim credit for making peace and hoping to seal lucrative joint business deals between the U.S. and Russia, could align with Putin to cut a deal that would be deeply disadvantageous to Kyiv.
They had drawn some encouragement lately as Trump, having piled heavy pressure on Zelenskiy and berated him publicly in the Oval Office in February, began criticising Putin as Russia pounded Kyiv and other cities with its heaviest air attacks of the war.
But the impending Putin-Trump summit has revived fears that Kyiv and Europe could be sidelined.
"What we will see emerge from Alaska will almost certainly be a catastrophe for Ukraine and Europe," wrote Phillips P. O'Brien, professor of strategic studies at the University of St Andrews in Scotland.
"And Ukraine will face the most terrible dilemma. Do they accept this humiliating and destructive deal? Or do they go it alone, unsure of the backing of European states?"
Ukrainian political analyst Volodymyr Fesenko said on Sunday that Kyiv's partnership with its European allies was critical to countering any attempts to keep it away from the table.
"For us right now, a joint position with the Europeans is our main resource," he said on Ukrainian radio.
U.S. Vice President JD Vance said a negotiated settlement was unlikely to satisfy either side. "Both the Russians and the Ukrainians, probably, at the end of the day, are going to be unhappy with it," he said on Fox News' Sunday Morning Futures with Maria Bartiromo.
(Additional reporting by Timothy Reid in Washington, Lili Bayer in Brussels and Moscow bureau, writing by Mark Trevelyan, editing by Christina Fincher)
