Russia, Ukraine prepare for peace by getting ready for war
By M. K. BHADRAKUMAR | Indian Punchline | May 17, 2025
May 16 will stand out as a turning point, for good or bad, in the Ukraine conflict. The main thing is, Russia-Ukraine ‘peace talks’ have resumed in Istanbul and will hopefully carry forward the threads of the draft agreement negotiated in March 2022. But caveats must be added. The fact that it took Turkish President Recep Erdogan three hours to persuade Ukrainian president Volodymyr Zelensky to green light the negotiations speaks for itself.
On the other hand, Zelensky showed remarkable flexibility by violating his own presidential decree banning any such negotiations on the part of Ukrainian officials other than himself with Russian officials. Turkey showed again that it remains a significant influencer in the Ukraine conflict.
The result was an extraordinary spectacle. Reports mention that the Russian delegation had not one but three meetings, in fact — with a Turkish-American team followed by a Turkish-American-Ukrainian team and culminating in an exclusive huddle with the Ukrainian team.
The ‘bilateral’ Russian-Ukrainian negotiations reportedly touched on the topics of ceasefire options in the Ukraine conflict; a major prisoner exchange; a potential meeting between Zelensky and Russian president Vladimir Putin; an agreement in principle to hold a follow-up meeting and so on.
The Ukrainian media reported that the Russian side repeated their demands for Kiev’s forces to vacate the remaining parts of the four eastern and southern regions that Moscow has annexed. Ukraine of course rejected the demand. Indeed, these talking points at the Istanbul meeting would have been a plateful for a meeting that lasted only for an hour and forty minutes.
Turkiye has joined as a stakeholder, as the pacemaking in Ukraine provides an opportunity for it to work closely with the US, which could have positive fallouts for the two main discords that put strains on it in the recent years — Syria and the Kurdish problem. The Kurdistan Workers’ Party (PKK) has taken a historic decision on May 12 to give up armed struggle and dissolve itself, which opens the possibility to end decades of political violence in Turkiye. The ‘peacemaker president’ in the White House can help Ankara to mediate a Kurdish settlement.
Turkiye has promoted the US’ normalisation with the Islamist government in Damascus. Trump’s meeting with Syrian President Ahmed al-Sharaa in Riyadh on Wednesday alongside the lifting of Washington’s sanctions against Syria, which shake up the geopolitics of the Middle East, will bring Turkiye and the US on the same page.
Notably, all this is happening against the backdrop of a ‘westernist’ tilt in the Turkish foreign policies during the past year following Erdogan’s re-election as president. Traditionally, the equations between Trump and Erdogan remained cordial and friendly. Suffice to say, Trump can expect Erdogan’s cooperation in the peacemaking in Ukraine talks, where the Turkish leader’s excellent equations with Zelensky are an added factor, which was on display in Ankara yesterday.
Erdogan held Zelensky’s hand through thick and thin. The high-tech Turkish drones supplied to Ukraine, which are to be manufactured locally, will significantly boost Kiev’s military capability. Turkiye, as the inheritor of the Ottoman legacy, is home away from home for an influential Tatar community. Tatar language is an Oghuz language descended from Ottoman Turkish. In fact, Turkey has refused to recognise Crimea as part of Russia. Ukrainian Defence Minister, a close associate of Zelensky, is an ethnic Tatar.
Moscow understands all this. Putin hastened to put behind the friction in Russo-Turkish relations in the downstream of the regime change in Syria last December to reach out to Erdogan on May 11 to discuss the direct talks between Russia and Ukraine in Istanbul. The Kremlin readout said Erdogan “expressed his full support for Russia’s proposal and emphasised his willingness to provide a venue for the talks in Istanbul. The Turkish side will offer all possible assistance in organising and holding talks aimed at achieving sustainable peace… The leaders have also expressed mutual interest in further expanding the bilateral ties in trade and investment and, in particular, implementing joint strategic projects in energy.”
Erdogan is a difficult interlocutor to handle but Putin has been largely successful in keeping the relationship stable and (mostly) predictable. The Turkish factor can be a game changer if at some point Zelensky ceases to be the captive of the CoW4 (the four European musketeers of the so-called ‘coalition of the willing’ — Britain, France, Germany and Poland.) Trust Erdogan to shift gears to an activist role.
On the whole, Russia has scored a diplomatic victory insofar as its initiative on ‘Ukraine direct talks without preconditions’ has found acceptability with Trump. The format of yesterday’s talks implied a resumption of the Russian-Ukrainian talks in Istanbul in 2022. Putin manoeuvred brilliantly to scatter the game plan of the CoW4 which strove to pull aside Trump incrementally and become party to continuing the war in Ukraine.
The CoW4 felt encouraged lately by a certain perception that Trump may impose draconian sanctions if Russia lacked sincerity of purpose. But so far, Trump has remained engaged with Putin. Last week, Trump stated that a breakthrough in the Ukraine conflict will be possible only out of a summit between him and Putin. Suffice to say, the dramatic happenings in Turkey yesterday signify a setback to the CoW4.
The leader of the Russian delegation and presidential aide Vladimir Medinsky (who also headed the Russian team at the talks in Istanbul in 2022) has told the media that Moscow is “satisfied” with the results of the talks and is ready to “resume contacts” with Kiev.
That said, Moscow will not let down its guard either. Putin held a briefing session on May 15 with the permanent members of the Security Council, Russia’s highest policymaking body, to deliberate on the upcoming Istanbul talks, which was attended by the members of the Russian negotiating group. The Kremlin readout stated that Putin “set tasks and charted the negotiating position” of the Russian delegation in Istanbul.
On the other hand, the Kremlin also asserted simultaneously that no matter the talks in Istanbul, Russia’s military operations in Ukraine shall continue. With immaculate timing, Putin chose May 15 to also make the stunning announcement of the appointment of Colonel-General Andrey Mordvichev (nicknamed “General Breakthrough”) as the Commander of the Russian Ground Forces.
Gen. Mordvichev has a tough reputation as the commander of the 8th Guards Combined Arms Army of Russia’s Southern Military District, which was heavily involved in the devastating 2022 siege of Mariupol, and in the Battle of Avdiivka in 2023-2024, a turning point in the conflict in Ukraine. Gen. Mordvichev’s appointment comes amidst reports claiming that Russia is preparing to launch a major new offensive in Ukraine. Ukraine claims that over 600,000 Russian troops are presently deployed in Ukraine.
But then, Zelensky is also moving on a dual track. Ukraine’s Finance Minister Sergeii Marchenko, 43, told a high-level panel at the European Bank for Reconstruction and Development annual meeting on March 14 in London, “To prepare for peace, you have to get ready for war. We have to plan. You may call me a cynic, but actually I’m just a Finance Minister.”
France leading West’s ‘party of war’ – Russia
RT | May 16, 2025
France has emerged as one of the leaders of the “hybrid war” against Moscow, Russian Foreign Ministry spokeswoman Maria Zakharova has said. She made her remarks after the EU agreed to its 17th package of sanctions.
France, together with the United Kingdom, proposed the ‘Coalition of the Willing’ to take a more proactive role supporting Ukraine in its fight with Russia in February 2025 after the new administration of US President Donald Trump moved to adopt a more conciliatory stance towards resolving the conflict.
“It is common knowledge that since 2022, Paris has been one of the most uncompromising participants in the West’s hybrid war against our country,” Zakharova said during a press call on Thursday.
“Over the past few months, the French have effectively become the leaders of the West’s ‘party of war,’” she added, citing France’s military aid to Ukraine and its push for additional sanctions on Russia.
“France has played a major role in devising illegitimate sanctions packages in the past. Now, it is attempting to blackmail us with new, supposedly broader sanctions,” Zakharova said.
She argued that the restrictions are part of a “trade war” aimed at “hindering Russia’s economic, technological, and humanitarian development, and at undermining its industrial potential.” Russia, she added, will have a “measured response” to any new restrictions.
French President Emmanuel Macron has said the EU would impose new sanctions “in the coming days” if Moscow does not accept Ukraine’s demand for an unconditional 30-day ceasefire. Earlier this year, Paris delivered a first batch of Mirage 2000 fighter jets to Kiev.
Russia has warned that military aid to Ukraine would only lead to further escalation. President Vladimir Putin has insisted that, for a lasting ceasefire, Ukraine must halt its mobilization campaign, stop receiving weapons from abroad, and withdraw its troops from all territory claimed by Russia.
Russia-Ukraine talks conclude – media
RT | May 16, 2025
Direct talks between Russia and Ukraine in Istanbul have ended, with the two delegations departing from the venue and press statements being prepared, a TASS source has said.
The head of the Ukrainian delegation, Defense Minister Rustem Umerov, stated that Friday’s talks at Dolmabahce Palace had focused on a prisoner exchange and versions of a potential ceasefire, according to RBK-Ukraine.
A potential meeting between Ukrainian leader Vladimir Zelensky and Russian President Vladimir Putin was also reportedly raised, and Umerov added that an update on possible new negotiations would be shared soon.
He also stated that both delegations had agreed to an exchange involving 1,000 prisoners from each side. Russia’s chief negotiator, Vladimir Medinsky, also confirmed that an exchange is being prepared.
Medinsky added that Kiev had requested a meeting between Putin and Zelensky, and that Moscow has taken note of the proposal. He stated that overall, the Russian delegation was satisfied with the outcome of the talks and is ready to continue contacts.
According to Medinsky, Russia and Ukraine will each present their detailed vision of a possible ceasefire, after which the negotiations will continue.
The talks had been expected to begin on Thursday, after Putin suggested resuming the negotiations which had been broken off in Istanbul three years ago.
The Russian team waited for the Ukrainian delegation to arrive for an entire day, although Zelensky only named his delegation on Thursday evening.
Moscow and Ukraine last held direct talks in April 2022. Following initial reports that an agreement had been reached, Kiev unilaterally withdrew from the talks. Putin later blamed Western interference and, in particular, then-UK Prime Minister Boris Johnson, who had reportedly urged Kiev to “just continue fighting,” for derailing the peace process.
Russia, which had withdrawn its forces from the outskirts of Kiev as a goodwill gesture, later accused Ukraine of backtracking, saying it had lost trust in kiev’s negotiators.
Negotiations or Political Theatre in Istanbul?
Prof. Glenn Diesen on MOATS with George Galloway
Glenn Diesen | May 15, 2025
How will the war end? The position of Ukraine and NATO continues to go from bad to worse, yet there is still a reluctance to engage in genuine discussions. There is subsequently a growing possibility that there will eventually be a collapse of the government in Ukraine, which would allow Moscow to dictate the political settlement. Yet, even as the situation goes from bad to worse, the Europeans and Ukraine are reluctant to engage with Russia in genuine negotiations. Part of the problem is evidently the extent of demands from the Russian side, although the Russian demands will only grow as the war drags on.
Russia Calls Out US Over Ukraine Biolabs and Demands More Than Empty Words
Sputnik – 15.05.2025
MOSCOW – Russia remains open to contacts with the United States on the military biological program in Ukraine and hopes to remove concerns on this account, Russian Foreign Ministry spokeswoman Maria Zakharova said on Thursday.
“We have repeatedly noted and repeat again that we remain open to bilateral contacts with the American side on this topic [military biological program in Ukraine] in order to eliminate relevant irritants. We expect Washington to take the necessary steps to address Russia’s concerns about US military biological activity,” Zakharova told a briefing.
Moscow considers US efforts to strengthen control over biological activities as a step in the right direction, Zakharova said, adding that the measures announced by Washington are not enough to address Russia’s concerns about the US military biological activities abroad.
Russia sent Su-35 jet after bid to detain ‘shadow fleet’: Estonia
Al Mayadeen | May 15, 2025
Estonia’s foreign minister said Thursday that a Russian military jet was deployed as the Estonian Navy attempted to intercept a Russia-bound oil tanker, the Jaguar, which had been placed under British sanctions and was accused of sailing without a flag.
The incident unfolded near Naissaar Island, off the coast of Tallinn, where Estonian forces identified the Jaguar as part of Russia’s so-called “shadow fleet,” a term Western governments use to describe vessels allegedly used by Moscow to bypass international sanctions.
Estonian Foreign Minister Margus Tsahkna stated in Antalya, Turkey, ahead of a NATO foreign ministers’ meeting, that the Russian Federation sent a fighter jet to “check the situation,” adding, “We need to understand that Russia has officially tried and connected itself to the Russian ‘shadow fleet’.”
He added, “The Russian Federation is ready to protect the ‘shadow fleet’… The situation is really serious,” calling for faster and tougher sanctions against Moscow.
The Jaguar was added to the UK sanctions list last Friday.
When contacted by the Estonian Navy at 15:30 GMT on Tuesday, the vessel refused to comply with a boarding attempt. According to the Estonian Navy, the operation was carried out under legal obligations to verify the ship’s documentation and status, as it appeared to be sailing without a recognized nationality.
Commander Ivo Vark of the Estonian Navy said, “The vessel denied cooperation and continued its journey toward Russia… Given the vessel’s lack of nationality, the use of force, including boarding the vessel, was deemed unnecessary.”
According to reports, the vessel was then escorted to Russian waters. Moreover, marine traffic data on Thursday showed the Jaguar anchored near the Russian port of Primorsk, listed under the flag of Gabon.
NATO response and air patrol deployment
According to the report, the deployment of the Russian jet triggered a response from NATO, with military aircraft based in the Baltic taking off to monitor the situation.
A video, which circulated on social media, showed Estonian naval vessels, a helicopter, and a patrol aircraft surrounding the Jaguar. A voice can be heard in English commanding, “This is Estonian warship… follow my instructions, alter your course to 105 immediately.”
A Russian speaker responds, noting that helicopters are demanding the ship’s anchor.
Estonia has not confirmed if this incident is related to a previously reported “airspace breach” involving a Russian Su-35 jet earlier in the week, which prompted a diplomatic protest from Tallinn.
Margarita Simonyan, head of Russia’s state media outlet RT, claimed the Su-35 was dispatched to prevent the Jaguar’s seizure.
The incident comes after Estonia detained another Russia-bound oil tanker, Kiwala, on April 11, also allegedly sailing without a valid flag.
Western governments have said Russia’s shadow fleet is central to maintaining its oil exports despite sanctions. That said, Britain asserts that sanctioning these vessels limits Russian President Vladimir Putin’s ability to finance the war in Ukraine.
Let’s just get on with the planned Istanbul peace talks on Thursday, whether or not Putin and Zelensky meet
By Ian Proud | Strategic Culture Foundation | May 14, 2025
As we gear up for the first direct talks between Russia and Ukraine since the failed Istanbul talks of March 2022, a complex game of brinkmanship is underway.
Not surprisingly, in my view, President Putin ignored the coalition of the willing’s ultimatum to Russia to embark on an unconditional ceasefire for thirty days or face massive new sanctions. Instead he proposed what the Americans have been pushing for since Trump assumed office, direct bilateral talks with Ukraine in Istanbul on Thursday 15 May.
I have long argued that the only route out of the war in Ukraine is through talks. Compromise was offered by both sides in the first round of Istanbul talks in March 2022. Any new negotiations will require compromise from both sides, but the difference today is that the cards are more heavily stacked in Russia’s favour than they were in 2022.
Against this backdrop, President Zelensky has called on President Putin to meet him personally in Istanbul on Thursday. From my perspective, this appears an attempt to call off talks if Putin doesn’t show up.
Usually, when Heads of State meet, officials will have hammered out the negotiation for some time before hand. The leaders can then arrive and either sign on the dotted line or tackle the most difficult issues one on one. It’s now Tuesday 13 May. There is simply no way that Russian and Ukrainian officials will have lined up the framework for a deal for both leaders to sign in Istanbul on Thursday.
Even if Putin showed up on Thursday, Zelensky isn’t going to announce unilaterally that Ukraine is giving up its NATO ambition before the full negotiations have even started. Whether you agree or not, this is self-evidently Russia’s core ‘root cause’ of the war. The new German Foreign Minister, Johann Wadephul recently repeated the line that Ukraine’s path to NATO is irreversible, even though the Trump administration disagrees.
A form of words on Ukraine’s NATO aspiration that is agreeable to both sides in the war will take time to draft. And there’s a huge list of other detailed points that have to be addressed, including the line of control, the role of military forces from other states, the return of Ukrainian children, the protection of minority languages and so on.
Every statement that Zelensky has made since the war started has emphasised the need for the west to pile more pressure on Russia to ensure ultimate victory. He would meet Putin in Istanbul without the back slapping adulation that he receives in western capitals and with no pressure cards in his back pocket.
That doesn’t mean I think a meeting shouldn’t happen, because I do. The image of both war times leaders meeting in Istanbul, however awkward and uncomfortable, could be deeply symbolic in announcing the commencement of long overdue peace talks between officials. They could agree, face to face, to maintain a ceasefire for as long as those peace talks continued.
But no leader likes to turn up to any international meeting without the preparatory ground work in place. There is deep enmity between Putin and Zelensky for obvious reasons. Given Zelensky’s penchant for publicity stunts, the Russian side would want to be absolutely sure that the choreography of any meeting and the deliverables – what they would announce, however limited – had been agreed.
Putin will know that if he does not now turn up to Istanbul that Zelensky will hit the international airwaves calling for massive sanctions. But that if he meets Zelensky and a comprehensive deal isn’t agreed there and then – a frankly impossible feat it seems to me – then the same calls for massive sanctions against Russia will be made.
Of course, Putin will also know that Europe can’t muster new sanctions massive enough to make a difference at this late stage in the process, having exhausted most avenues since 2014. On Victory Day, Britain unilaterally announced the ‘biggest ever sanctions package’ against Russia’s so-called shadow fleet of oil tankers. The idea that unseaworthy hulks are carrying illicit Russian oil into Britain is obviously fanciful. But in any case, with the global oil price now close to the G7 oil price cap on Russian oil, the idea of a shadow fleet, delivering oil at its market rate, has fallen away. Britain’s February sanctions package against 107 persons and entities was labelled the largest sanctions package since 2022. Let’s be clear, the biggest sanctions package against Russia was imposed in February 2022, and everything since that time has offered diminishing marginal returns.
But that’s not really the point. By trying to force a showdown in Istanbul, Zelensky may want to continue to paint Russia as the aggressor and to press the case for more military aid, having asked for three million new artillery shells during his recent trip to Prague. However, this war really must now end, having blighted over one million lives already.
Boris Johnson was wrong in March 2022 to discourage Zelensky from accepting the first Istanbul peace deal precisely because he could not back up the promise that he made; to support Ukraine for as long as it takes. Even though Britain continues to pump £4.5bn in yearly military aid into Ukraine, that sum pales against the free aid that the U.S. offered under Joe Biden.
Trump is offering nothing more now than to plunder Ukraine’s resources so that it can buy American weapons, and Europe cannot afford to make up the difference, for as long as it takes. Ukraine is still losing on the battlefield and now, apparently, treating its traumatised troops with ketamine to help them deal with the PTSD.
Despite significant risks around inflation and high interest rates caused by the enormous fiscal splurge on its war economy, Russia is still growing at a respectable rate. Europe is not.
For now, President Putin is keeping his powder dry by not responding to Zelensky’s relentless press stunts. It’s clear to me that Russia’s initiative of a second round of Istanbul peace talks from Thursday is essential in edging both sides closer to a cessation of the killing that should have ended over three years ago. Whether or not both leaders meet at the start or at the end of those negotiations, let’s just please get down to the business of talking.
France can’t give Ukraine any more arms – Macron
RT | May 14, 2025
France has reached the limit of its military support for Ukraine, French President Emmanuel Macron has said.
In a televised interview with TF1 on Tuesday, Macron defended his administration’s handling of the Ukraine conflict, saying the French have done “the maximum we could” to help Kiev, given that the country’s military was not set up to conduct a protracted, high-intensity land war.
”We gave away everything we had,” Macron said. “But we can’t give away what we don’t have, and we can’t strip ourselves of what is necessary for our own security.” He noted that France’s approach, coordinated with those of other Western donors, aims to avoid direct confrontation with a nuclear-armed power.
France has committed more than €3.7 billion ($4.1 billion) in military assistance to Ukraine since the escalation of the conflict in February 2022, according to the Kiel Institute’s aid tracker. Macron highlighted efforts to scale up the domestic defense industry to continue supplying arms.
The remarks came as the French government struggles with an economic crisis. The national budget deficit hit 5.8% last year, once again surpassing the 3% threshold recommended for EU members. Public debt has climbed above 110% of GDP, and economic forecasts predict growth of less than 1% in 2025. Macron is also facing increased challenges in pushing legislation through parliament.
The TF1 broadcast opened with a montage of public criticism, including accusations that Macron has mismanaged the economy, treated ordinary citizens with contempt, and focused too heavily on foreign affairs. One citizen described him as “a president who practically wants to send us to war.”
Macron advocates for deploying French troops to Ukraine in the event of a peace deal between Kiev and Moscow, arguing that such a move could help deter Russia.
Moscow has repeatedly warned it would not accept any NATO presence in Ukraine, citing the military bloc’s expansion in Europe as a core reason for the conflict. Russia views the war as a US-led proxy campaign, with local troops serving as “cannon fodder.”
Direct talks between Russia and Ukraine, which Kiev called off in 2022, are expected to resume this week in Türkiye. Kiev has demanded that President Vladimir Putin participate in person and urged its Western backers to impose new sanctions if he refuses. Moscow has yet to confirm its delegation.
Moscow reacts to UN aviation agency’s MH17 vote
RT | May 13, 2025
Russia has rejected the UN civilian aviation agency’s claims that it was responsible for the 2014 downing of the Malaysia Airlines flight over eastern Ukraine. Moscow insisted that the Dutch-led investigation into the incident was politically motivated and relied on “questionable” evidence submitted by Kiev.
“Moscow’s principal position remains that Russia was not involved in the crash of MH17, and that all statements to the contrary by Australia and the Netherlands are false,” the Foreign Ministry said on its website on Tuesday.
The statement came after the Council of the International Civil Aviation Organization (ICAO) voted that Russia failed to uphold its obligation to “refrain from resorting to the use of weapons against civil aircraft in flight.”
Malaysia Airlines Flight 17 (MH17) was shot down in eastern Ukraine on July 17, 2014, killing all 298 people on board, most of whom were Dutch, Malaysian, and Australian nationals. The incident occurred as Ukrainian troops were attempting to retake the self-proclaimed republics of Donetsk and Lugansk, which voted to secede following the Western-backed coup in Kiev. The two entities later voted to become part of Russia in September 2022.
In 2015, the investigation – conducted by the Netherlands, Australia, Belgium, Malaysia, and Ukraine – concluded that the plane was shot down by a Soviet-era Buk surface-to-air missile system delivered by Russia to the Donbass militias. Moscow denied providing heavy weapons to local forces and argued that the aircraft was hit by a version of the missile used by Ukrainian, not Russian, troops. It also criticized its exclusion from the investigation.
The Foreign Ministry condemned the ICAO Council’s decision as politically motivated, alleging “multiple procedural violations.” It said the ICAO ignored “ample and convincing factual and legal evidence” submitted by Russia to demonstrate its non-involvement in the shootdown.
“The conclusions of the Dutch investigation were based on the testimonies of anonymous witnesses – whose identities were classified – as well as on questionable information and materials submitted by a biased party: the Security Service of Ukraine,” the statement read.
The Foreign Ministry added that Ukraine should ultimately be blamed for the tragedy because Kiev “launched a military operation in Donbass under the false pretense of combating terrorism.”
Speaking to reporters on Tuesday, Kremlin spokesman Dmitry Peskov said that, because Russia was not part of the investigation, it “does not accept biased conclusions.”
Ian Proud: Ukraine Peace Talks or Political Theatre?
Glenn Diesen | May 13, 2025
Ian Proud was a member of His Majesty’s Diplomatic Service from 1999 to 2023. Ian was a senior officer at the British Embassy in Moscow from July 2014 to February 2019, at a time when UK-Russia relations were particularly tense. He performed a number of roles in Moscow, including as Head of Chancery, Economic Counsellor – in charge of advising UK Ministers on economic sanctions – Chair of the Crisis Committee, Director of the Diplomatic Academy for Eastern Europe and Central Asia and Vice Chair of the Board at the Anglo-American School.
Ian Proud’s Substack: https://thepeacemonger.substack.com/
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Denmark Sends $1 Billion to Build Up Ukrainian Arms Industry Using Seized Russian Funds
By Kyle Anzalone | The Libertarian Institute | May 12, 2025
Denmark is making a significant investment in Ukraine’s domestic arms industry using interest generated from frozen Russian assets.
A statement from the Danish Defense Ministry explained that it would implement a proposal approved by the European Union last year to seize the interest generated by frozen Russian assets and use that money to buy weapons for Kiev produced by Ukrainian arms makers.
“In light of the security situation, it is important to show that we stand together with Ukraine. From the Danish side, we have taken the lead by leading the international work through the “Danish model” for procurement via the Ukrainian defense industry,” Minister of Defense Troels Lund Poulsen said. “It is unique that we now have the opportunity to further strengthen this effort on behalf of the EU.”
Copenhagen has dubbed the process of investing in Kiev’s arms industry as “the Danish model.” In 2024, Denmark invested about $450 million in Ukraine’s defense companies, with $300 million coming from the interest on frozen Russian assets. Copenhagen plans to use $930 million in interest to invest in Ukrainian domestic arms production in 2025.
EU members hold over $220 billion in seized Russian money, and it is estimated to generate about $4 billion in interest annually. Western governments are attempting to use the interest to pay back a $50 billion in collective loans that is being taken out to buy arms for Kiev.
The money sent by Copenhagen is in addition to the $1.1 billion in interest from frozen Russian funds that was announced by the EU on Friday. “We have just made available 1 billion euros for the Ukrainian defense industry so that Ukraine can better defend itself,” EU foreign policy chief Kaja Kallas said.
Euroclear, the financial market infrastructure group that holds most of the assets, has also seized some of the frozen funds to repay Western investors who allegedly had their assets seized by Moscow.
Last year, Russian President Vladimir Putin denounced the Western attempts to use the frozen Russian funds as theft. “Western countries have now frozen Russian assets and foreign exchange reserves. They are considering the ways to create at least some legal basis in order to finally appropriate them. But despite all the fuss theft will remain theft. It would not go unpunished,” he said.
Kremlin issues update on proposed Ukraine peace talks
RT | May 12, 2025
Russia is ready to resume direct peace talks with Ukraine, Kremlin spokesman Dmitry Peskov has reiterated, stressing Moscow’s “serious” commitment to reaching a lasting settlement of the conflict.
On Sunday, Russian President Vladimir Putin offered Ukraine the opportunity to restart direct negotiations without any preconditions in Istanbul, Türkiye, which Kiev unilaterally walked away from in 2022.
However, Ukraine, backed by several European nations, has demanded that Russia agree to a ceasefire first as a precondition for talks. After US President Donald Trump urged Kiev to “immediately” agree to the proposal for direct unconditional talks, Ukraine’s Vladimir Zelensky said he would be waiting for Putin in Türkiye on Thursday “personally.” Nevertheless, he maintained that Kiev awaits “a full and lasting ceasefire, starting from tomorrow [Monday], to provide the necessary basis for diplomacy.”
Asked about the progress in the Ukraine peace process, Peskov told reporters on Monday that Moscow remains committed to “resuming direct talks in Istanbul without any preconditions.”
Moscow’s approach is aimed at “finding a genuine diplomatic resolution to the Ukrainian crisis, addressing the root causes of the conflict, and achieving a lasting peace,” Peskov said. He added that Putin’s proposal had received support from “leaders of many countries,” including those in several former Soviet republics and BRICS members.
The spokesman also noted that Trump had “called on the Ukrainian side to urgently, and without any conditions, take part in the meeting we proposed,” while pointing to Türkiye’s readiness to facilitate the talks. “In general, we are focused on a serious effort to find a path toward a long-term peaceful resolution.”
Moscow has said it is open to a ceasefire “in general,” but has flagged several crucial concerns. Russian officials argue that any pause in fighting would allow Ukraine to regroup its battered forces and continue its mobilization campaign. Moscow has also demanded that all Western arms deliveries to Ukraine be halted during any ceasefire period.

