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Putin on a ceasefire in Ukraine, Western companies and gas
Published by Global Banking & Finance Review®
Posted on March 13, 2025
2 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 13, 2025
2 min readLast updated: January 24, 2026
Putin supports a US-proposed Ukraine ceasefire, stressing long-term peace. He welcomes Western companies back to Russia and discusses energy cooperation.
MOSCOW (Reuters) -President Vladimir Putin said on Thursday that Russia agreed with U.S. proposals for a ceasefire in Ukraine but that any ceasefire would have to deal with the root causes of the conflict and that many details needed to be sorted out.
The following are Putin's key quotes translated by Reuters reporters from Russian.
ON THE CEASEFIRE DEAL
"We agree with the proposals to cease hostilities. But we proceed from the fact that the cessation should be such that it would lead to long-term peace and would eliminate the original causes of this crisis."
"The idea itself is correct, and we certainly support it. But there are issues that we need to discuss. And I think we need to talk to our American colleagues as well. Maybe I should call President Trump and have a discussion with him. But we support the idea of ending this conflict by peaceful means."
ON THE RISKS OF UKRAINE RE-ARMING:
"Russian troops are advancing in almost all areas of the front... So how will these 30 days be used? For forced mobilisation to continue in Ukraine, for weapons to be delivered there, for the newly-mobilised units to be trained?... How can we and how will we be guaranteed that nothing like that will happen? How will control be organised?
"These are all serious questions. Who will give orders to stop hostilities?... Who will determine where and who has violated a possible ceasefire agreement for 2,000 kilometres?
ON THE POSSIBLE RETURN OF WESTERN COMPANIES TO RUSSIA:
"We did not close ourselves off from anyone and did not expel anyone. To those (companies) who want to return, we say: Welcome, welcome at any moment." (Putin used the English word welcome)
"But naturally we will proceed from the situation that has developed to date. If niches are occupied, then, accordingly, they are occupied. We will not create any preferences for anyone to return to our market."
ON ENERGY COOPERATION:
"If, say, the U.S. and Russia agree on energy cooperation, a gas pipeline for Europe can be secured. And this will benefit Europe, because it will receive cheap Russian gas."
(Reporting by Reuters; Compiled by Lucy Papachristou and Darya Korsunskaya; editing by Guy Faulconbridge)
Putin stated that Russia agrees with U.S. proposals for a ceasefire but emphasized that it must address the root causes of the conflict to ensure long-term peace.
Putin welcomed Western companies that wish to return to Russia but noted that the current market situation would determine the feasibility of their return.
Putin expressed concerns about the potential for Ukraine to continue mobilizing forces and receiving weapons during a ceasefire, questioning who would enforce the agreement.
He mentioned that if the U.S. and Russia could agree on energy cooperation, it could lead to a gas pipeline for Europe, providing them with cheaper Russian gas.
Putin indicated that a ceasefire must not only halt hostilities but also eliminate the underlying causes of the conflict to be effective.
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