4 January 2025

The Budapest Memo holds keys to ending the Ukraine war

Zachary Paikin & Mark Episkopos

As the incoming Trump administration prepares to launch negotiations aimed at ending the current phase of hostilities between Russia and Ukraine, the question of security guarantees is certain to feature prominently in talks.

Talk of security guarantees is nothing new — indeed, it has underscored much of the drama that has unfolded since Russia’s initial military buildup in 2021. Moscow insisted that the United States and NATO undertake legally binding obligations in its two “draft treaties,” published on the eve of its full-scale invasion of Ukraine, aimed at guaranteeing Ukraine’s neutrality and rolling back NATO forces in Central and Eastern Europe to where they were prior to the 1997 NATO-Russia Founding Act. Kyiv, for its part, naturally wants ironclad measures that can ensure it will not fall victim to another war of aggression in the years ahead.

To some extent, however, this is all déjà vu. Thirty years ago last month, the Budapest Memorandum was signed.

Aimed at providing security assurances to Ukraine, Belarus and Kazakhstan in exchange for their entry into the Nuclear Non-Proliferation Treaty, the Budapest Memorandum committed Russia, the United States and the United Kingdom to abstain from military and economic coercion against these three newly independent post-Soviet states. Its lessons offer important clues for how to bring peace to what has tragically become a war-torn region.

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