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Why the US-Ukraine minerals deal is a win-win
Carl Bildt, former prime minister of Sweden and co-chair of the European Council on Foreign Relations, shares his perspective on European politics from Stockholm, Sweden.
What is the importance of the so-called minerals deals, which have now been concluded between Ukraine and the United States?
Well, I think it's primarily of political significance, and I think the Kyiv team has done good work and so has the US team in getting a somewhat more realistic agreement. It sets up a reconstruction fund, joint efforts to finance different reconstruction things, so I don't think it's going to have any immediate substantial impact in material terms. But I do think that it takes away an irritant in the Trump-Ukraine relationship, and that is important itself. It might make it somewhat more difficult for the Trump team to just dump Ukraine in the way that some of them might have been inclined to do.
What is the importance of the visit by the Danish King Frederik to Greenland?
Well, I don't think it should be seen primarily in the context of the relationship with Trump and his bizarre ambitions to take over Greenland. It's a new king in Denmark. He's the sovereign. He has a very strong personal relationship with Greenland. It is a new government, a new parliament in Greenland after the elections there in March. And it is to some extent, of course, a new geopolitical situation. So I think it was very natural for the sovereign, the King, to come and spend some days together with the new leadership in Greenland and pave the way also for the new discussions on defense relationships and the overall relationships that are going to come now between the Copenhagen and the Nuuk authorities. But certainly, it sends some sort of signal to Washington as well.
Can Europe broker a Ukraine ceasefire?
Ian Bremmer's Quick Take: A Quick Take to kick off your week. The big news, everything around Russia, Ukraine, the United States, and Europe. The Europeans now with the ball in their court, a big summit, a coalition of the willing in London this week. And Zelensky very warmly embraced, quite literally, by UK Prime Minister Keir Starmer and by everyone in attendance. It was very different visuals, very different takeaways than the meeting between Zelensky, Trump, and Vance in the Oval Office, which couldn't have gone much worse if everyone tried.
Where we are right now, certainly this coalition of the willing had everyone that mattered in Europe. I mean, not the countries, not the leaders that have been skeptical, that have been more aligned with the Russians, or more, say, in a minimal position, like the Hungarians, like the Slovaks, but everybody else was there. So, you've got the Brits, you've got the French, you've got the Italians, and the Germans. You also have EU leadership, Ursula von der Leyen, Kaja Kallas, and also you have all of the frontline leaders that have the most at stake from a national security perspective: the Nordics, the Balts, the Poles. You even have Canada, Prime Minister Justin Trudeau, who doesn't spend very much on defense, but nonetheless going there to show he's aligned with the Ukrainians, whether or not the Americans, who the Canadians rely on completely economically, are not.
Does it matter? Does it matter? If you're asking does it matter in the sense that can the Europeans go it alone without the Americans? I'm still skeptical, though they're putting a lot more on the table now than they were a week ago, and they should have been doing that years ago. And that's going to remain a very big question, and I'm probably going to remain pretty skeptical. But very interesting that the Europeans do now have a level of ownership. Remember that Trump, both when he was running for president and once he became president, said that the United States was going to end this war, that he, Trump, would be responsible for the ceasefire, that he's going to do it himself with the Ukrainians, with the Russians, he could do it in 24 hours. That's obviously an exaggeration, but nonetheless, even as he realized it was going to take longer, he was the dominant actor. That's now changed. Keir Starmer has now told Trump that the Europeans, this coalition of the willing, is coming up with a ceasefire plan, and they are going to present it to the United States, and Trump is expecting it.
So for now, the Europeans don't just have a seat at the table, but they actually are in the driver's seat, in terms of the ceasefire on the back of the Ukrainian-US relationship having functionally blown up, and the Americans saying they're not going to do anything particularly more for the Ukrainians. They're not even prepared to sign the critical minerals deal that Zelensky now says he is prepared to sign. But if the Europeans are the ones that are going to be coughing up the money and providing the troops, then certainly they're the ones that are responsible for the terms of the ceasefire.
Now, that's interesting. And we're hearing certainly that there's going to be a lot more engagement, that potentially Starmer, Macron, and Zelensky will all three come together to the White House to meet Trump maybe later this week, maybe next week. Certainly Zelensky should not be attending meetings like that by himself anymore, I think he understands that, the Europeans understand that as well.
What they should do now, the Europeans, is present a UN Security Council resolution with the plan once Trump has seen it and is prepared to move forward. A simple thing, deciding nothing, just saying that the Security Council supports the path to peace as outlined from the UK summit. This will force Russian amendments, which the UK and France will veto, and then Russia will be forced to veto the resolution. And that's useful in a couple of different ways. First of all, it costs the French and the UK nothing, and they win a fair amount. The news will be all about how their Russian veto was used for the first time since 1989, and it places the Americans on the same side as the Europeans on the ceasefire issue, which is what the Europeans, the Ukrainians desperately need, and frankly, the Democrats and the Republicans in Congress as well.
The UK and France can then show Trump that they indeed don't need to be invited to the table, because they're at the table, they have the ceasefire plan and they're the ones that are driving it. Now, having a ceasefire plan is different from being able to implement the ceasefire and support the Ukrainians, and that is where there's still an awful lot that still needs to be accomplished.
Specifically the one piece of good news, surprising news, is that the Germans are now talking about 800 billion Euro package, outside of their debt break, that would support defense spending and infrastructure spending. They weren't talking about anything remotely like this even a few days ago. It would have to be done well before the end of the month because when the new chancellor comes in, then you are going to have the far left and the far right with the ability to block any constitutional majority. They don't have that capacity now, which means the debt break can be overridden by a vote in the Bundestag. That's really important, and would lead to German leadership in helping to finance this war.
You also have the 300 billion Euros that are frozen, the Russian sovereign assets that are mostly in the hands of the Europeans, the Belgians, as it turns out, and some others as opposed to the Americans, the Japanese. So, that could also be used to support Ukraine to buy more weapons, also to build up Ukraine's military industrial complex. In other words, while this situation is difficult and urgent, I would not yet say that it has fallen apart for the Ukrainians or the Europeans. They are still, as it were, in the game.
Now, the big question overlooking all of this is the United States and Russia, because they still want to do a deal, and that deal is not mostly about Ukraine, that deal mostly is about rapprochement between the United States and Russia over the heads of their NATO allies. This is what Trump is interested in, this is what Putin is interested. And frankly, it's a little easier to do that deal if you don't have a ceasefire, because the Russians don't really want one, than it is to do that deal if a ceasefire is a part of it. That's what has to be watched very carefully because of course, Trump and Putin are talking about where they're going to meet in person, Saudi Arabia maybe in May, Trump would even be willing to go to Moscow. This could include things like the United States taking unilateral sanctions off of Russia while the Europeans would still have them on. Could lead to a lot of business, a much bigger critical minerals deal than the one that was going to be signed between the Americans and the Ukrainians, and now, at least, is off the table.
Also note that the US Defense Department has at least temporarily suspended offensive cyberattacks against the Russians, which is quite something, again, in the context of nothing having been agreed to between the Americans and the Russians, but clearly Trump much more willing to be on Putin's good side right now than he is with Zelensky. So ultimately, that is a very big challenge for the Europeans, but they will be in far better shape if they're able to move on the ceasefire in the near-term, which looks likely, and on support for Ukraine in the medium-term, which looks like more of a challenge.
So, that's it for now. I'll talk to you all real soon.
Russian analyst: Let the US and Russia settle the Ukraine war
Who gets to decide Ukraine's future? On GZERO World with Ian Bremmer, former Russian colonel and ex-Carnegie Moscow Center director Dmitri Trenin argues that the real power players in the conflict are the United States and Russia—not Ukraine or Europe.
“There are two countries that have agency in the Ukraine conflict. One is the United States, and the other one is Russia,” he states, insisting that while Ukraine fights on the battlefield, its political decisions are dictated by Washington.
Trenin frames the war as a proxy conflict between two superpowers, arguing that any long-term peace deal must be negotiated primarily between Moscow and Washington.
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔).
The fight to decide Ukraine's fate
As Russia’s war in Ukraine grinds on, the Baltic states—Latvia, Estonia, and Lithuania—are watching their eastern neighbor with growing concern. With cyberattacks, undersea sabotage, and military buildup along its border, Latvia is at the forefront of Europe’s efforts to counter Russian aggression. On GZERO World, Latvian Foreign Minister Baiba Braže joins Ian Bremmer in New York to discuss Ukraine's fate, the region’s security challenges, the role of NATO, and how Trump’s evolving stance on Russia could leave European in the lurch.
Also on the show, Bremmer speaks with former Russian colonel Dmitri Trenin, who offers a starkly different perspective from Moscow, arguing that negotiations over Ukraine should be decided primarily by the US and Russia—not Ukraine or Europe.
GZERO World with Ian Bremmer, the award-winning weekly global affairs series, airs nationwide on US public television stations (check local listings).
New digital episodes of GZERO World are released every Monday on YouTube. Don't miss an episode: subscribe to GZERO's YouTube channel and turn on notifications (🔔).
What Trump-Zelensky fallout means for Ukraine war
President Trump has said that he is not on the Ukrainian side. He's neutral, he's on the side of peace. He's a peacemaker. He just wants to end the war, and that does not mean supporting Ukraine going forward. In fact, because he felt offended by Zelensky, who was not adequately deferential to the American president or the vice president, he said, basically, I'm cutting off support. I am allowing you, by continuing to support you, I'm allowing you to believe you have leverage you don't have. You should accept peace on my terms, and so I'll cut you off and then we'll see how well you can fight.
This is obviously a disaster for Zelensky who was intemperate in my view, in his remarks, absolutely. If you are coming to the United States, and yes, he has expressed thanks to the Americans many, many times on many, many occasions, but he was not well prepared to handle President Trump's ego, which is enormous, which is fragile, and he expects that everyone has to know who's number two and has to stand down when he stands up. And Zelensky did not do that. They ended up talking over each other and Trump got angry, took it personally, and basically threw him out of the White House, canceled the press conference and said, "I'm not supporting you anymore."
I think this relationship is now inexorably broken. I think it's inconceivable that Zelensky will be able to sit down with Trump in the near-term and fix the relationship. Lindsey Graham, who is perhaps Trump's closest confidant among serious senators, said that Zelensky has to either resign or he has to have someone else running point with the United States. I think that's a good read of the situation. Not that I think that Zelensky should resign, but that if you want to engage with the Americans, he's not going to be able to do it himself. Of course, that also happens to be a core demand of Putin, that Zelensky is not the one that engages directly in conversations. Putin won't talk to him, considers him illegitimate. So that's now becoming a talking point that Trump can directly align with, and I suspect he will in the near-term, after already calling for elections in a second phase after a ceasefire. Again, a core Russia demand.
What's going to happen here? Well, first of all, the big question is what are the Europeans going to do? And I use that word intentionally. What are they going to do, not what are they going to say? We all know what they're going to say. They're going to say that they're incredibly supportive of Ukraine, and I saw that from the Poles, and the Germans, and I saw it from the Belgians, and the Dutch, and I saw it from the French, and the Spaniards, I even saw it from Luxembourg, and those expressions of support mean just about as much from Luxembourg as they do from the Germans, unless they stand up and provide far more willingness to give the Ukrainians more financial support for their military, and also provide boots on the ground that are not contingent on a direct American backstop. They have been unwilling to do that for three years, and I suspect they will still be unwilling to do that. And absent that European support and ability to get the Americans back to the table, I think is extremely low. If the Europeans were to take a leadership role and show that they could do it without the Americans or with nominal American participation, then I think it's much more plausible that Trump, irrespective of what just happened with Zelensky, says, "I'm the only one that can get you to the table. I was the only one that made the Europeans lead, and so now, yeah, I'm back, I'm back now because this is the right conditions for peace for the American taxpayers." But of course, what Trump wants to do is end the war, and he now has been given a bigger opportunity to end the war by being able to throw Zelensky under the bus.
And that's what Vance is doing. That's what Elon is doing. That's what all of Trump's supporters on social media are doing. They're saying, "This guy, he's corrupt, he's a dictator, he's a bad guy, he shows no respect to the American president, and why should we support him? Well, the reason you should support him is because he's not a bad guy. It's because he was democratically elected and for three years, he has courageously led his people to defend their country. That's all. To defend their country against an invading force. When the Iraqis invaded Kuwait illegally, the Americans stood up, slapped down Saddam Hussein directly, not indirectly, directly involved in that fighting, to stand for the principle of territorial integrity. And that wasn't even a democracy. That was just a country that yeah, had some oil, but that the United States did not want the rest of the world to think that it would just stand back and stand by while their own country was eaten to shreds by a neighboring more powerful country. That is not where the Americans are today.
Today the Americans are supporting a UN resolution with the Russians, the North Koreans, Belarus, Syria, Sudan, Iran, and Israel, and a few micro states against democracies of the world, saying that territorial integrity is not what's critical. What's critical is just ending the war no matter what. That principle is being thrown out. And the Europeans fundamentally disagree with this. The Europeans feel like there is a gun to their head from the east with the Russians as a direct national security threat, and now a gun to the head from the west, a country that does not support core values of collective security, of rule of law, and of territorial integrity. And that means that the Europeans have to now get their act together immediately or else.
Zelensky is someone who, when the Americans offered to get him out of the country, because he was going to be overrun by the invading Russians, he said, "No, I'm not leaving my country," in a way that the Afghan leadership fled immediately, "No, I'm staying and I'm going to defend my country with my fellow Ukrainians." And that was an extraordinary moment and he has been facing down a much more powerful force, at a threat to his life and his family's lives. He's been on the front lines many, many times. He's not getting much sleep. He's under incredible pressure. And does it all take away from the fact that he talked back to the American president? No, obviously, no. You have to be better capable of representing your country by knowing who you're dealing with when you're coming in to see the US president. But I want to be clear that Zelensky has absolutely nothing to apologize for because the fact is that he is an example of the kind of humanity we need to help ensure that we have peace and stability around the world, someone that will stand up to injustice. And that, from an American president who because he was born of wealth and privilege, faked an injury to avoid military service, I think speaks volumes about what has happened to the United States.
The values that the Americans stand for presently on the global stage are values of power. They are the most powerful, get to write their rules, get to determine the outcomes. And that is true for Putin, it's true for Israel, it's true for the United States, and it's not true for the Ukrainians. It's not true for the Palestinians. It's not true for the Danes, or the Panamanians, or the Mexicans, or the Canadians. And what the Europeans have to now figure out is, are they prepared to be courageous? Are they prepared to step up, even though they're not in the most powerful position? Are they willing to do after three years, after frankly, 11 years since the Russians invaded Ukraine, the first time they've stood back, they've stood by, they haven't stood up for their fellow Europeans. They've allowed the Americans to do the heavy lifting, and now they have a president that is not willing to do that and frankly doesn't agree with them anymore, doesn't agree with their values, doesn't care about shared values, only cares about power.
And so, this is not a question for the Ukrainians. We know where the Ukrainians stand. They stand up. This is not a question for the Americans. We know where the Americans stand. They stand for themselves. This is a question for the Europeans. Are the Europeans willing to stand up for themselves, for their principles, for their values, and for fellow Europeans? And I fear the answer is no. I fear the answer is no. Analytically everything we've seen for the last three years is that they're going to talk a really good game and they're not going to do very much. But we shall see and we shall see very soon because this is the future of the West, this is the future of democracy, and it sure as hell is the future of the Ukrainians.
So that's it for me. I hope you all well and I'll talk to you all real soon.
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A Baltic warning: What Ukraine war means for Europe—and the Russian perspective
Listen: On the GZERO World Podcast, we're bringing you two starkly different views on Ukraine's future and European security. First, Ian Bremmer speaks with Latvian Foreign Minister Baiba Braže about the growing security threats facing the Baltics—from cyberattacks and disinformation to undersea sabotage in the Baltic Sea. When an oil tanker linked to Russia’s shadow fleet recently severed a vital power cable between Estonia and Finland, it was a stark reminder of how hybrid warfare is playing out beyond the battlefield. Braže warns that Putin’s ambitions extend far beyond Ukraine, aiming to weaken US alliances and destabilize Europe. She also pushes back against claims that Ukraine's NATO ambitions provoked the war, calling them “complete nonsense,” and outlines why Latvia is boosting its defense spending to 5% of GDP.
The conversation then shifts to Moscow, where Bremmer speaks with former Russian colonel and ex-Carnegie Moscow Center director Dmitri Trenin. Once considered a pro-Western voice, Trenin’s views now align closely with the Kremlin. He argues that the fate of Ukraine should be decided primarily by Russia and the United States—not Ukraine or Europe.
Subscribe to the GZERO World Podcast on Apple Podcasts, Spotify, Stitcher, or your preferred podcast platform, to receive new episodes as soon as they're published.