In advance of the now infamous meeting with Trump and Zelensky on February 28, I didn’t want Zelensky to come. I was fearful that Trump would bully Zelensky into signing away significant amount of his country’s wealth, without getting the security guarantees to assure against future Russian incursions. Since those guarantees seemed to be off the table, I was relieved when that meeting fell apart. Good for you, Volodymyr, you did the right thing! You’re the hero in this story and Trump and J.D. Vance were the unabashed villains.

Zelensky’s insistence that any deal contain security guarantees was more than appropriate – it’s essential. Without such guarantees any deal would deserve to be soundly rejected. From what I saw, Zelensky handled himself with the utmost respect and composure. Whatever disrespect displayed at that meeting was shown by Trump and Vance. Besides condescendingly lectured Zelensky for not showing sufficient deference and gratitude to “our great leader,” Vance had the temerity to lambast Zelensky for “campaigning with the opposition” (which, from what I can gather appears not to be true) – this from a man who snubbed the German Chancellor Olaf Scholz when he recently visited Germany and instead met with Alice Weidel, the leader of the far-right Alternative for Germany (AfD). If we ever needed lessons in hypocrisy and irony, look no further.

The expectation that Zelensky should embrace such a one-sided offer as being the one being crammed down his throat is ridiculous and offensive. Accommodating to it would have been a sell out on a massive scale. Trump’s beautiful deal reminds me of the kind of agreement that Haiti made to pay France onerous reparations as part of their negotiations leading to Haiti’s independence – obligations often cited as being a major factor contributing to Haiti’s being among the poorest nations in the world.

The second parallel I see is the replay of “peace in our time,” with Trump playing the role of Neville Chamberlain. The idea that Zelensky, or anyone else, should trust that a ceasefire will lead to a lasting peace in the absence of security guarantees is preposterous. Lasting peace between Russia and Ukraine will come only when Putin disavows his claims on Ukraine, and we could expect that to happen only if and when Putin assesses the cost of continuing his aggression as being too high. A ceasefire without the commitment of security guarantees is a recipe for Putin to use the ceasefire as an opportunity to regroup, regenerate his forces, and try again on another day. How is that not patently obvious?

It’s perverse to make future support for Ukraine conditional upon Zelensky prostrating himself before Trump and showering him with pronouncements of gratitude. That support isn’t some kind of favor that we’d be extending to Zelensky. Rather, it’s in our interest to provide it. Our strong stance in this regard would deter future imperialistic aggressions, not only by Russia, but by China, as well – or North Korea, or Iran, for that matter, or any other adventurous despot that might come along. This fight is our fight as much as it’s Ukraine’s.

With our support, will Ukraine win? Questionable. Ultimately, some of Ukraine’s objectives may not be realized, but strengthening Ukraine’s positions on the battlefield will certainly put Zelensky in a better bargaining position, and the additional cost to Russia under that scenario would likely alter Putin’s calculus in consideration of future incursions either in Ukraine or elsewhere. On the other hand, withdrawing support now would embolden Putin and others of like ilk.

Did we learn nothing from the war in Afghanistan? We spent 20 years over there fighting the Taliban. Early in 2020, Trump negotiated and made public a deal with the Taliban that committed the withdrawal of US troops from Afghanistan by May of 2021. Biden executed that withdrawal, but it was Trump’s policy. The advance knowledge of our pending departure reinforced the Taliban’s resolve; and, once again, they’re in control of the country. How many times do we need to see this movie?

The tragedy we currently find ourselves in is that Zelensky is critically dependent on US military hardware; and because of that, he’ll undoubtedly have to find some way to come back to the table and offer an olive branch to get back into Trump’s good graces. Even if Zelensky does that, it’s really incumbent upon Trump to do the right thing and offer the kind of security guarantees that are necessary. Unfortunately, Trump can’t be trusted to do the right thing. That much should be clear for all to see. Congress needs to take control. Congress needs to appropriate the funds and oversee the administration’s actions to make sure those funds are spent in a way that best serves our national interests. Congress needs to do its job.

Derivatives Litigation Services assists legal teams with litigation when derivative contracts play a role in disputed transactions. The firm offers advice and counsel on a best efforts basis but bears no responsibility for outcomes dictated by mediation or court judgments.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD oscillates in a range below two-week top as traders await Chinese data

AUD/USD oscillates in a range below two-week top as traders await Chinese data

AUD/USD holds steady below a two-week high touched the previous day and consolidates near mid-0.6300s on Wednesday as traders await Chinese macro data before placing fresh directional bets. The RBA's cautious signal on further interest rate cuts, hopes for more stimulus from China and Trump's temporary tariff reprieve act as a tailwind for the Aussie.

AUD/USD News
USD/JPY languishes near multi-month low; seems vulnerable to slide further

USD/JPY languishes near multi-month low; seems vulnerable to slide further

USD/JPY drifts lower following the previous day's modest uptick and remains close to a multi-month low touched last week. Tariff-driven uncertainty continued to weigh on investors' sentiment. Adding to this hope for a US-Japan trade deal, the divergent BoJ-Fed policy expectations and a softer risk tone underpin the safe-haven JPY. 

USD/JPY News
Gold price climbs to fresh all-time peak as rising trade tensions boost safe-haven demand

Gold price climbs to fresh all-time peak as rising trade tensions boost safe-haven demand

Gold price hit a fresh record high, around the $3,262 area during the Asian session on Wednesday as trade jitters and concerns about a potential US recession continue to boost demand for traditional safe-haven assets. Rising bets for more aggressive policy easing by the Fed and an overall weaker USD also offer support to the XAU/USD.

Gold News
Binance and KuCoin traders panic as Amazon Web Service outage halts Crypto withdrawals

Binance and KuCoin traders panic as Amazon Web Service outage halts Crypto withdrawals

On Monday, a technical outage from Amazon Web Services temporarily halted operations at top cryptocurrency exchanges, including Binance and KuCoin. The outage disrupted withdrawals and trading services, sparking major concerns among cryptocurrency traders.

Read more
Is a recession looming?

Is a recession looming?

Wall Street skyrockets after Trump announces tariff delay. But gains remain limited as Trade War with China continues. Recession odds have eased, but investors remain fearful. The worst may not be over, deeper market wounds still possible.

Read more
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

Majors

Cryptocurrencies

Signatures

Best Brokers of 2025