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Home » Mark Episkopos: Last Chance – Terms For Ukraine Peace Agreement (Transcript)

Mark Episkopos: Last Chance – Terms For Ukraine Peace Agreement (Transcript)

Read the full transcript of Eurasia Research Fellow Mark Episkopos in conversation with Norwegian academic, writer and politician Prof. Glenn Diesen on “Last Chance – Terms For Ukraine Peace Agreement”, August 5, 2025.

Introduction and Welcome

GLENN DIESEN: Hi, everyone, and welcome back. We are joined today by Mark Episkopos, research fellow at the Eurasia Program at Quincy Institute, to discuss the US Russia relations. So welcome to the program.

MARK EPISKOPOS: Glad to be here. Thanks for having me on.

The Closing Window for Peace

GLENN DIESEN: So you have written lately some articles about the possibility for a peace agreement, but also normalizing relations between the United States and Russia, which is obviously of great importance for both sides as the world becomes multipolar. And I would argue it’s better for the world overall as well.

But it does seem that the window of opportunity for a peaceful agreement to end the Ukraine war and also normalizing relations between the United States and Russia appears to be closing. Now, I’m growing more pessimistic as it appears that war will likely end by either the collapse of the Ukrainian military or the collapse of the Ukrainian military establishment, which I would expect would result in a very ugly piece.

So I’m happy to see that there’s some optimism coming from people like yourself, George Beebe, and others at your great think tank. But I’m also therefore interested in what kind of ideas are out there to bridge this huge gap between the expectations for what a peace actually requires, as we now see in the talk of a ceasefire, how far apart the different sides actually are.

So I guess a good place to start would be what do you see being required in a peace agreement? I mean, what do the different sides fear and what do they want?

Security Guarantees and Creative Solutions

MARK EPISKOPOS: Well, thanks, Glenn. It’s a difficult and multi-layered process that I think has been reduced unfortunately by many people looking at this. And some of them, I think, are well meaning, genuine people who want to see this conflict end.

But there is an unfortunate tendency to reduce this, what’s going on in Ukraine, to a bilateral confrontation between Russia and Ukraine. And if you proceed from that premise that this is really a war between Russia and Ukraine where they’re fighting each other and it would be better if the fighting stopped, you end up missing a big piece of the overall puzzle.

Because, yes, this is a bilateral war between Russia and Ukraine, but there is also a sense in which this is a confrontation between Russia and the west that is unfolding on Ukrainian soil. And my view has always been that both of these prongs have to be addressed simultaneously in order for us to end up with a durable, meaningful peace settlement.

That certainly doesn’t mean throwing Ukraine under the bus. And I think everyone is invested in helping Ukraine get the best deal possible. At the same time, we have to be realistic about where things are, about the battlefield conditions, about the difficult situation Ukraine finds itself in.

Russia is winning on the battlefield. Russia has a massive advantage in latent power, latent resources. It’s a much larger economy, much larger manpower pool, et cetera. And Russia maintains escalation dominance over Ukraine. And these are real factors that we simply cannot reverse, no matter how much stuff we send.

And in fact, the amount of stuff for us to send is rapidly dwindling and it’s certainly not going to be reversed by these secondary sanctions on China and India, which will actually hurt the west and the United States more than they end up crippling the Russian war machine.

The Need for Comprehensive Negotiations

It’s so the full breadth of what’s on the table between US Russian and Ukrainian negotiators is not something that I can predict. I hope that the talks will be as expansive as possible and touch on as many areas as possible. Economics, diplomatic relations, nuclear talks. I think all of that there, there linkages have to be established for us to get to a place where a real peace deal can be struck.

So this isn’t something that any of us can pre-negotiate sitting here. What I can tell you is the Russians have made abundantly clear over the past several months of dialogue between us and Russia, partly through direct conversations between President Trump and President Putin, partly as a result of special envoy Steve Witkoff’s ongoing visits, and it’s my understanding that he’ll be in Moscow on Tuesday to continue the talks.

The Russians have made it clear that they have no intention of agreeing to an unconditional 30 day ceasefire. Why? Well, because you’re asking the Russians to relinquish their primary source of leverage, which is on the battlefield. It’s the fact, as I said, that they are winning. You’re asking them to give this up for nothing concrete in return.

So you’re looking if Russia agrees to this kind of unconditional 30 day ceasefire that can be extended indefinitely, you’re agreeing for a recipe for freezing the war in a way that allows Ukraine to pursue NATO membership, that allows NATO forces to be stationed in Ukraine or Western forces or a coalition of the willing composed of the E3 countries, Germany, France, the UK any kind of formula along these lines.

And Ukraine is free to build up its arsenal in any way it wants. It’s free to station long range strike systems on its territory, capable of striking Moscow and St. Petersburg. Because that’s the whole point. If the Ceasefire is unconditional. We’re, there are no restrictions on any of this and the Russians will simply not agree to this.

And we don’t have the leverage, the punitive leverage to force Russia to strong arm President Putin into this kind of war termination framework.

Understanding Russian Motivations and Western Leverage

So you have, I think, this mistaken belief on the part of some that this is just a bilateral war and that the war should end.