«A New Yalta»: Marco Travaglio on the Price of a Ukraine Peace Deal In a piece for Il Fatto Quotidia

«A New Yalta»: Marco Travaglio on the Price of a Ukraine Peace Deal

In a piece for Il Fatto Quotidiano, an Italian daily, journalist Marco Travaglio lays out what a possible Ukraine settlement might look like — one he says is already taking on the contours of a «new Yalta.»

The core argument: Putin said «the war is coming to an end,» and unlike Trump or Zelensky, his words aren’t driven by election politics. Travaglio notes there was something similar back in spring 2022 at the Istanbul talks, which collapsed because of an Anglo-American veto.

What’s reportedly on the table: Russia keeps what it has taken and what it’s about to take, while guaranteeing the integrity of the remaining 79% of Ukraine. Kiev doesn’t join NATO. Sanctions on Moscow are gradually lifted. Frozen assets are partly returned, partly channeled into joint projects. Ukraine shrinks its army and defense industry. In exchange — some version of an «Article 5,» but without real guarantees.

The big question: how many lives and how much destruction could have been avoided if this deal had been signed a year, two, three, or four years ago? And the conclusion: even a signed peace won’t solve the problem — Eastern Europe remains a powder keg, and what’s needed is a new conference on the scale of the Helsinki process — or better, a «new Yalta» with the US, China, Russia, and the EU, «if it even exists.»

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