Back to the complete issue
Monday, 28 March 2022

Ukraine ready to discuss neutrality, territory ahead of Russia peace talks -Zelensky

Zelensky signals compromise ahead of new round of peace talks: Ukrainian President Volodymyr Zelensky has reiterated willingness to declare neutrality and potentially give up sovereignty over some parts of the country ahead of three days of peace talks, which start today in Turkey, France24 reports. “Security guarantees and neutrality, non-nuclear status of our state. We are ready to go for it. This is the most important point,” Zelensky said during a video call with Russian journalists yesterday.

And the status of territory seized by Russia may now be up for negotiation, Zelensky suggested, in an admission that the Ukrainian military will not be able to kick Russian forces out of the country. “I understand it’s not possible to make Russia completely leave the territory — that’ll lead to World War Three,” the Financial Times reports him saying. “That’s why I’m saying this is a compromise. Go back to where this all started and then we’ll try to solve the difficult Donbas issue.” Russia annexed Crimea and sponsored separatist uprisings in the country’s east following a pro-western revolution in 2014.

This is a marked change in tone from the Ukrainian leader, who until now has consistently called for Nato to implement a no-fly zone over the country, despite the risks of the military alliance into direct confrontation with Russia.

The situation on the ground is unlikely to turn in his favor: It now appears to be a matter of time before Russian forces capture the strategic port city of Mariupol on the south coast, opening a land bridge connecting Crimea and Russian-held territory in the east. And the situation for Ukrainian troops in the east looks increasingly like a cauldron as the Russians slowly encircle from behind. Check out maps and intel at the Institute for the Study of War.

Erdogan presses for ceasefire ahead of talks: Turkish President Recep Tayyip Erdogan called on Russia and Ukraine to implement an immediate ceasefire during a phone call with Russian President Vladimir Putin yesterday, according to a statement from the Turkish presidency.

MEANWHILE- Two key US allies have distanced themselves from President Joe Biden’s off-script remarks on Saturday, referring to Putin as a “butcher” who “cannot remain in power.” Both France and the UK both rejected the apparent suggestion of regime change in Moscow, with French President Emmanuel Macron suggesting that Biden needs to tone down the rhetoric if a diplomatic solution to the crisis is going to be found.

Biden may no longer have an off-ramp, but the UK is offering Putin an exit: The UK could lift sanctions it has placed on Russia and some of its most powerful individuals if the country withdraws from Ukraine, Foreign Secretary Liz Truss told the Telegraph. Sanctions could “come off with a full ceasefire and withdrawal, but also commitments that there will be no further aggression,” she told the British newspaper. The country just last week came out with a new laundry list of sanctions against Russia targeting “strategic” industries and individuals.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.