Ukrainian President Volodymyr Zelenskyy has reaffimed his firm refusal to cede any territory, resisting U.S. pressure for a painful compromise with Russia as he continued to rally European support for Ukraine.
“Undoubtedly, Russia insists for us to give up territories. We, clearly, don’t want to give up anything. That’s what we are fighting for,” Zelenskyy said in a WhatsApp chat late Monday in which he answered reporters’ questions.
“Do we consider ceding any territories? According to the law we don’t have such right. According to Ukraine’s law, our constitution, international law, and to be frank, we don’t have a moral right either.”
This is an underestimation of Russia’s economic realignment from West to East. Primarily with China and to a lesser extent India. It’s hubris to assume that Russia has to have a robust economic relationship with the West to remain solvent.
They are China’s bitch now. Not sure that’s a realignment.
Financially it’s a lucrative one and makes them more resilient to Western sanctions. China is on a trajectory to surpass the US economy in 10 years. Wealth, power and influence are gradually drifting East and South so it’s important for Western leaders to adapt now instead of disregarding reality and becoming more entrenched. Being forced to align economically with China will likely be to Russia’s long term benefit.
The West (particularly US) is currently doubling down on AGI and fossil fuels (US and Canada). The AGI bet can definitely blow up in its face in the short term. Emerging markets are already pivoting hard to renewables so fossil fuels may not be as good a long term bet as they’re hoping. The EU is a stagnant market and the UK is still limping after shooting itself in the foot with Brexit. Many of these countries are now tied up by infighting over immigration, impacting their ability to project power.
The only absolute advantage is the massive defense spending but even the majority of that is by the US so if they decide to leave the rest of the West to fend for themselves then all bets are off.