Published by Global Banking & Finance Review®
Posted on February 12, 2025
4 min readLast updated: January 26, 2026
Add as preferred source on Google
Trump engages in diplomacy with Putin and Zelenskiy to negotiate peace in Ukraine, focusing on ending the war and discussing potential US investments.
WASHINGTON/MOSCOW/KYIV (Reuters) - Donald Trump discussed the war in Ukraine on Wednesday in phone calls with Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy, the new U.S. president's first big step towards diplomacy over a war he has promised to end.
In a post on his social media platform after speaking to Putin, Trump said they had "agreed to have our respective teams start negotiations immediately," and that he would begin by phoning Zelenskiy.
After speaking to the Ukrainian leader, Trump said: "The conversation went very well. He, like President Putin, wants to make PEACE."
Zelenskiy's office said Trump and Zelenskiy had spoken by phone for about an hour, while the Kremlin said Putin's call with Trump lasted nearly an hour and a half.
"I had a meaningful conversation with @POTUS. We... talked about opportunities to achieve peace, discussed our readiness to work together ...and Ukraine's technological capabilities... including drones and other advanced industries," Zelenskiy wrote on X.
The Kremlin said Putin and Trump had agreed to meet, and Putin had invited Trump to visit Moscow.
Trump has long said he would quickly end the war in Ukraine, without spelling out exactly how he would accomplish this.
Earlier on Wednesday, Trump's Defense Secretary, Pete Hegseth, delivered the new administration's bluntest statement so far on its approach to the war, saying recovering all of Ukraine's territory occupied by Russia since 2014 was unrealistic, as was securing its membership in NATO.
"We want, like you, a sovereign and prosperous Ukraine. But we must start by recognising that returning to Ukraine's pre-2014 borders is an unrealistic objective," Hegseth told a meeting of Ukraine and more than 40 allies at NATO headquarters in Brussels. "Chasing this illusionary goal will only prolong the war and cause more suffering."
Hegseth said any durable peace must include "robust security guarantees to ensure that the war will not begin again". But he said U.S. troops would not be deployed to Ukraine as part of such guarantees.
"The United States does not believe that NATO membership for Ukraine is a realistic outcome of a negotiated settlement".
France, Germany and Spain said Ukraine's fate must not be decided without Kyiv's active participation, with French Foreign Minister Jean-Noel Barrot saying Europe would play its role in offering security guarantees for Ukraine even if NATO membership were not immediate.
ZELENSKIY OFFERS MINERALS
Zelenskiy, hoping to keep Trump interested in continuing to support his country, has lately proposed a deal under which the United States would invest in minerals in Ukraine.
Trump's Treasury Secretary Scott Bessent, in Kyiv on Wednesday on the first visit by a cabinet member in the new U.S. administration, said such a mineral deal could serve as a "security shield" for Ukraine after the war.
No peace talks have been held since the early months of the conflict, now approaching its third anniversary. Trump's predecessor Joe Biden and most Western leaders held no direct discussions with Putin after Russia launched its full-scale invasion of Ukraine in February 2022.
During the war's first year, Ukraine succeeded in pushing Russian forces back from the outskirts of Kyiv and recapturing swathes of Russian-occupied territory.
But Moscow has mostly had the upper hand since a failed Ukrainian counteroffensive in 2023, making slow but steady gains in intense fighting that has killed or injured hundreds of thousands of troops on both sides and laid Ukrainian cities to waste.
Russia occupies around a fifth of Ukraine and has demanded Kyiv cede more territory and be rendered permanently neutral under any peace deal. Ukraine demands Russia withdraw from captured territory and says it must receive NATO membership or equivalent security guarantees to prevent Moscow from attacking again.
In recent discussions, Kyiv appears to have accepted that it will not be admitted to NATO soon but has emphasised its need for military support under a peace deal.
"If Ukraine is not in NATO, it means that Ukraine will build NATO on its territory. So we need an army as numerous as the Russians have today," Zelenskiy said in an interview with The Economist published on Wednesday.
"And for all this, we need weapons and money. And we will ask the U.S. for this," Zelenskiy said, describing that as his "Plan B".
(Reporting by Katharine Jackson, Doina Chiacu; Writing by Peter Graff; Editing by Jon Boyle and Mike Collett-White)
The article discusses Trump's diplomatic efforts to negotiate peace in the Ukraine conflict by speaking with Putin and Zelenskiy.
Trump discussed opportunities for peace and the start of negotiations with both leaders to end the Ukraine war.
The US considers Ukraine's NATO membership unrealistic and suggests alternative security guarantees.
Explore more articles in the Headlines category
