A peace agreement will be almost impossible to achieve. Russia considers itself to be fighting an existential threat from NATO and demands that Ukraine restore its neutrality and accept territorial concessions. Even if Trump accepts these conditions, it would be difficult to sell such a peace agreement to Washington, the Europeans and the Ukrainians. As NATO expansionism triggered the war, it is unlikely that even NATO security guarantees to Ukraine would be acceptable in any peace agreement. A peace agreement has more chance to succeed if it is based on the recognition that the Ukraine War is not only a conflict between Ukraine and Russia but primarily a conflict between NATO and Russia. A peace agreement attempting to resolve the destructive zero-sum European security architecture could produce a positive-sum approach to security that benefits Ukraine, Russia and the NATO countries.
Glenn Diesen - Greater Eurasia Podcast