Hours before meeting Russia’s leader Vladimir Putin in Alaska, Donald Trump said he wanted to see a ceasefire in Ukraine and was “not going to be happy” if it wasn’t agreed on the day. The US president appears to have left Alaska with no such agreement in place.
“We didn’t get there”, Trump told reporters, before later vaguely asserting that he and Putin had “made great progress”. Trump is likely to return to the idea of engaging Putin in the coming weeks and months, with the Russian leader jokingly suggesting their next meeting could be held in Moscow.
A land-for-ceasefire arrangement, an idea Trump has repeatedly raised as an almost inevitable part of a peace settlement between Russia and Ukraine, could still reemerge as a possible outcome. In fact, in an interview with Fox News after the summit where Trump was asked how the war in Ukraine might end and if there will be a land swap, Trump said: “those are points that we largely agreed on.”
Securing territorial concessions from Ukraine has long been one of Moscow’s preconditions for any negotiations on a peace deal. Putin is likely betting that insisting on these concessions, while keeping Ukraine under sustained military pressure, plays to his advantage.
Public fatigue over the war is growing in Ukraine, and Putin will be hoping that a weary population may eventually see such a deal as acceptable and even attractive. Russia launched a barrage of fresh attacks against Ukrainian cities overnight, involving more than 300 drones and 30 missiles.
Ukrainian President Volodymyr Zelensky, who was excluded from the Alaska summit, has maintained that Kyiv will not agree to territorial concessions. Such a move would be illegal under Ukraine’s constitution, which requires a nationwide referendum to approve changes to the country’s territorial borders.
The assumption behind a land-for-ceasefire deal is that it would enhance Ukrainian and European security. Trump sees it as the first step in bringing Putin to the negotiation table for a broader peace deal, as well as unlocking opportunities for reconstruction. In reality, such a deal would do little to diminish the longer-term Russian threat.
Moscow’s efforts to shore up and modernize its defense capabilities and neo-imperial ambitions would remain intact. Its hybrid attacks on Europe would also continue, and Ukraine’s capacity to secure meaningful reconstruction would be weakened.
Whether or not Russia ever opts for a direct military strike on a European Nato member state, it has no need to do so to weaken the continent. Its hybrid operations, which extend well beyond the battlefield, are more than sufficient to erode European resilience over time.
Russia’s disinformation campaigns and sabotage of infrastructure, including railways in Poland and Germany and undersea cables in the Gulf of Finland and Baltic Sea, are well documented. Its strategic objectives have focused on deterring action on Ukraine and sowing disagreement between its allies, as well as attempting to undermine democratic values in the west.
Europe is under pressure on multiple fronts: meeting new defence spending targets of 5% of GDP while economic growth is slowing, reducing the dependence of its supply chains on China and managing demographic challenges.
These vulnerabilities make it susceptible to disinformation and have deepened divisions along political and socioeconomic fault lines – all of which Moscow has repeatedly exploited. A land-for-ceasefire deal would not address these threats.
For Ukraine, the danger of such a deal is clear. Russia might pause large-scale physical warfare in Ukraine under a deal, but it would almost certainly continue destabilizing the country from within.
Having never been punished for violating past agreements to respect Ukraine’s territorial integrity, such as when it annexed Crimea in 2014, Moscow would have little incentive to honour new ones. The government in Kyiv, and Ukrainian society more broadly, would see any accompanying security guarantees as fragile at best and temporary at worst.
The result would probably be a deepening of Ukraine’s vulnerabilities. Some Ukrainians might support doubling down on militarization and investment in defense technologies. Others, losing faith in national security and reconstruction, could disengage or leave the country. Either way, in the absence of national unity, reconstruction would become far more difficult.


