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February 21, 2025

Analytical team

Ukraine’s Great Game: Trump’s Gambit, Putin’s Play, Europe’s Gamble

This report examines the multifaceted geopolitical dynamics surrounding Ukraine, a nation now at the center of an extended conflict that has evolved into a high-stakes diplomatic and strategic contest. The analysis focuses on the divergent strategies pursued by key players—Vladimir Putin, Donald Trump, European leaders—and Ukraine’s own position amid these pressures.

1. Overview of the Conflict

Three years into Russia’s invasion of Ukraine, the conflict has shifted from traditional military engagements to a complex interplay of diplomacy and strategic positioning. With no clear military victory by either side, negotiations and alliance realignments have become the critical arenas for influencing the future of the region and the broader international order.

2. Vladimir Putin’s Strategic Maneuvers

Diplomatic Deception and Long-Term Objectives

Putin’s approach is characterized by carefully staged diplomatic gestures that serve as “trompe-l'oeil” openings—meant to create an illusion of willingness to negotiate while masking deeper, long-term objectives. Rather than seeking a rapid resolution, Putin is focused on reshaping the European security landscape in a way that diminishes NATO’s influence. His strategy involves imposing conditions on any peace process, such as questioning the legitimacy of Ukrainian President Volodymyr Zelensky and demanding a rollback of NATO’s expansion commitments. This, he believes, will restore Russia’s ability to interfere in its neighborhood and help ease the economic sanctions that have isolated Russia since the annexation of Crimea.

Economic and Diplomatic Resurgence

In parallel with these security demands, Moscow is working to "unsanction" its economy by reopening channels for economic exchange with the West. Recent diplomatic engagements, notably those in Riyadh, indicate that Putin is prepared to initiate broader strategic dialogues with Washington, aiming to rebalance global power in favor of Russia over the long term.

3. Donald Trump’s Unconventional Approach

Pursuit of a Swift, Cost-Effective Peace

President Donald Trump’s strategy diverges sharply from Putin’s long-term vision. Trump is driven by a desire to end the conflict quickly, even if that means compromising Ukraine’s security and democratic trajectory. By labeling Zelensky a “dictator without elections” and aligning with narratives that blame Ukraine for the war, Trump is effectively sidelining Ukrainian interests. His approach views Ukraine as a costly distraction that disrupts what he considers normal international relations, prompting him to prioritize a rapid exit from the conflict.

Implications for the Transatlantic Alliance

Trump’s pursuit of an expedited peace risks undermining the traditional commitments of the transatlantic alliance. His willingness to negotiate directly with Russia—often on terms that marginalize Ukraine—poses a challenge for NATO, as it may weaken the collective defense posture that has long underpinned European security. This unpredictability complicates the strategic landscape, forcing Europe to reconsider its reliance on U.S. military support.

4. Europe’s Strategic Response

Facing a New Reality

European leaders now find themselves in a precarious position as the U.S. appears increasingly inclined to pursue its own strategic interests at the expense of long-term alliance commitments. The potential withdrawal or reduction of U.S. support is compelling Europe to assume greater responsibility for its own security. However, Europe’s military capabilities are constrained by aging infrastructure, budgetary limitations, and internal divisions.

Proposals for a European-Led Peacekeeping Force

In response, discussions have emerged about establishing a European peacekeeping or deterrence force in Ukraine—a concept inspired by historical precedents such as the Korean ceasefire. NATO’s recent “Steadfast Dart 2025” exercise in Bulgaria, which saw European troops mobilized without American involvement, serves as an early model for such an initiative. Yet, the logistical challenges are daunting. The proposed force would need to monitor and secure a ceasefire line stretching 1,200 kilometers, a task that may require tens of thousands of troops—numbers far beyond current European capacities. This situation highlights the urgent need for Europe to develop a more unified and robust defense strategy independent of U.S. backing.

5. Ukraine’s Position and Strategic Dilemma

A Struggle for Sovereignty and Democratic Integrity

Ukraine, led by President Zelensky, is at the epicenter of this geopolitical contest. Despite facing significant military setbacks and enduring heavy civilian casualties, Ukraine remains resolute in its pursuit of full integration into the European Union and NATO. Such integration is seen as essential for safeguarding its sovereignty and preventing future aggression. Zelensky’s leadership is driven by the imperative to secure lasting security guarantees that will protect Ukraine’s territorial integrity and democratic future.

Risks of Being Sidelined

However, Ukraine is caught in a diplomatic tug-of-war between Moscow and Washington. As Trump’s administration appears willing to negotiate with Russia on terms that largely exclude Ukrainian interests, there is a significant risk that Ukraine could be forced into a settlement that compromises its independence. The diplomatic strategies of both Trump and Putin threaten to marginalize Ukraine, leaving it vulnerable to renewed aggression and undermining its long-term prospects.

6. Conclusion

The dynamics over Ukraine today represent a multifaceted geopolitical struggle with profound implications for global security. Vladimir Putin’s strategy is aimed at neutralizing NATO and reasserting Russia’s influence by reshaping European security arrangements, while Donald Trump’s approach seeks a rapid exit from the conflict—one that prioritizes short-term U.S. interests over Ukraine’s democratic future. European leaders, facing dwindling U.S. commitments and internal challenges, are compelled to reconfigure their defense strategies to ensure that they are not left alone in the face of potential Russian aggression. Meanwhile, Ukraine, as the central battleground, must navigate this complex landscape to preserve its sovereignty and secure a future as an integral part of the Western democratic community. The outcome of this high-stakes contest will not only determine Ukraine’s destiny but also redefine the balance of power in the transatlantic security framework and the broader global order.