Year-End Notes
Victor Ângelo
If I were asked to summarise 2025 in a single word, I would say “turbulence”. This has been a year of great unrest, and I do not know who should be awarded the top spot on the podium of dishonour: Vladimir Putin, Donald Trump, Benjamin Netanyahu, or the rebel Sudanese general Mohamed Hamdan Dagalo, also known as Hemedti. Other names could be added to the list, including terrorist leaders, but it is not worth discussing minor players or making the list excessively long.
The year draws to a close leaving leading geopolitical analysts deeply uneasy. Not for decades has the word war been so prevalent in the speeches of influential people. Now the word appears repeatedly, as if it were an inevitability on the near horizon. It is a disturbing way to end the year. When the conversation about war monopolises the media space and public debate, it makes us forget the role of diplomacy and international organisations, opening the door to disinformation, alienation, and hatred. Thus, war criminals—people who should be driven from power and brought to The Hague—are given a platform and credibility.
After all, what has been learned in 2025? In short, that peace, cooperation, and stability based on respect for international law are not—contrary to the illusion created since the end of the Cold War—the pillars of modern times. They ought to be the foundations of globalisation, but globalisation is not apolitical. On one side of the coin, it is positive. On the other, it creates dependencies, vulnerabilities, and brings back the discretionary use of force. Despite everything, it is fundamental to insist on the positive dimension of globalisation and to condemn without hesitation those who do not respect international norms and refuse to recognise that the future of humanity will only be prosperous if there is solidarity between peoples and peace between States. Believing that a peace agreement can be reached with people like Putin, for example, only enters the minds of ambiguous and incomprehensible actors like Steve Witkoff or well-known fifth columnists like Viktor Orbán.
Putin is a tyrant and, like all other totalitarian leaders, does not recognise the value of diplomacy or deliberation. This week, in an exchange of correspondence with a member of his circle, the gentleman tried to convince me that Putin personifies the sentiment and historical soul of the Russian people. Just as Trump is said to be the personification of the will of the majority of American citizens. I had to remind him of something he already knew: that I have met multiple dictators throughout my professional life. The last thing I would say about such people is that they represent the people to whom they belong. The inflation of their outsized egos is their primary motivation. In truth, they represent only themselves, their boundless ambition, and the opportunists who cling to them. It is all a matter of terrible leadership taken to the extreme. They do not accept peace agreements, let alone the spectre of defeat. The subjugation of those they label as enemies is the only solution they consider in their delusion. A dictator oppresses, creates a false narrative, and a system of absolute control over power. Anyone who thinks they can trust a despot is, quite simply, naive.
This must be one of the lessons of the year. Unfortunately, there are leaders who seem not to have learned it. They claim to be convinced—and want to force others to accept—that it is possible to reach an agreement with a Putin acting in good faith.
He will never agree to sign security guarantees that are actually sufficient to ensure the survival of Ukraine. He has already stated this clearly: any stabilisation force, should one ever be established, must not and cannot include European troops. At best, Putin would accept a force composed of soldiers from underdeveloped countries or, failing that, detachments from vassal regimes or those close to the Kremlin’s policies. Such a stabilisation mission would be merely symbolic, like trying to stop the wind with your hand palms. To have legitimacy and effectiveness, it should result from a genuine and sincere commitment between Ukraine and Russia, and stem from a mandate approved by the UN Security Council. None of this has any possibility of happening in the near future. France and the United Kingdom would veto any resolution that did not offer sufficient guarantees. And Ukraine could not approve a setup essentially engineered in the Kremlin.
Whether one likes it or not, the year now ending must remind us of two other dimensions: that the drawing of borders must not depend on the force of arms, and that whoever initiates aggression against another State must be held indisputably accountable for the crimes committed and the damage caused.
It is essential to remember this at a time when there is discussion in Brussels about what to do with the Russian sovereign funds already frozen in Belgium. These funds must remain withheld until the end of the conflict and until Russia’s just assumption of responsibility for what it has destroyed and for those it has injured and killed in Ukraine. Only then, during peace negotiations, should the fate of these funds be decided. They could be used, including accumulated interest, for war reparations, which would be the most appropriate conclusion. Meanwhile, Ukraine’s allied States should issue common debt intended to finance Ukrainian public spending, in the form of loans guaranteed by the frozen Russian assets, and tighten the sanctions regime against Russia and its international partners. This is, however, a temporary solution. Should the Kremlin continue to insist on prolonging the aggression, the matter must be reviewed. The non-use of Russian assets directly, for now, should be presented as a gesture in favour of peace. But one with an expiry date.
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