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The recognition of the self-proclaimed Donetsk and Luhansk people’s republics is a chance for Russia to climb down from the peak of escalation with a concrete result, because retreating empty-handed would have been a ruinous outcome for the Kremlin’s prestige.
Putin could have gotten out of this trap, had the Russian side positively evaluated the limited Western concessions that are on the table: arms control of medium-range weapons systems, as well as confidence-building, transparency, and verification measures in the NATO-Russia borderlands, and measures of crisis communication.
Yet again, Zelensky is faced with a crisis even worse than all the previous ones. Every report of another Russian plan to invade Ukraine is a blow to its economy, weakening the hryvnia, pushing up interest rates, and sowing panic among the public.
In its negotiations with the West, Russia is behaving not like a country preparing to wage war, but like a country that, if necessary, can afford to do so.
For now, Biden is the leader who prevented a war, but that’s not to say that the summit will be followed by a rapid de-escalation: not until Moscow sees new steps being taken by Washington on Ukraine. First and foremost, that means progress on implementing the Minsk agreements.
Russia’s military preparations and other actions signal that Moscow has recognized the danger of coexisting with a fortified area on its border, but doesn’t yet know what to do about it.
It’s unlikely that Zelensky seriously believed that his sharp rhetoric with Merkel and Biden would lead to the West accepting Ukraine into NATO or canceling Nord Stream 2. But his behavior strikes a chord with the public at home.
Despite the lessons of the last three decades, the importance of Ukraine for Russia is still greatly overstated. It’s time to carry out a long overdue reevaluation of that importance.
The Kremlin continues to view the breakaway republics as a buffer zone and Trojan horse inside a recalcitrant Ukraine, but allowing their inhabitants to take part in Russian domestic politics will help to score key propaganda points.
In the last two years, President Zelensky has managed to strengthen his personal power considerably. His battle against the influence of Ukraine’s oligarchs, therefore, may not be as hopeless as it might first seem.