All your worst fears and more importantly, Volodymyr Zelensky’s worst fears are coming true. The likes of Jared Kushner and Steve Witkoff are *negotiating* peace in Ukraine, not with an eye towards global or even regional wellbeing but with an eye towards lining their own pockets and those of their closest friends and cronies. And Vladimir Putin is looking at the situation as a means to control Europe and drive a wedge between the United States and her former allies. History will record this incident as the great tragedy of Trump 2.0.
As Western leaders convened this week to digest the plan, Poland’s prime minister Donald Tusk offered a pithy summary: “We know this is not about peace. It’s about business.”
For many in the Trump White House, that blurring of business and geopolitics is a feature, not a bug. Key presidential advisers see an opportunity for American investors to snap up lucrative deals in a new postwar Russia and become the commercial guarantors of peace. In conversations with Witkoff and Kushner, Russia has been clear it would prefer U.S. businesses to step in, not rivals from European states whose leaders have “talked a lot of trash” about the peace effforts, one of these people said: “It’s Trump’s ‘Art of the Deal’ to say, ‘Look, I’m settling this thing and there’s huge economic benefits for doing that for America, right?’”
A question for history will be whether Putin entertained this approach in the interest of ending the war, or as a ploy to pacify the U.S. while prolonging a conflict he believes is his place in history to slowly, ineluctably win.
One sign that he may be serious is that some of his most-trusted friends, sanctioned billionaires from his St. Petersburg hometown—Gennady Timchenko, Yuri Kovalchuk and the Rotenberg brothers, Boris and Arkady—have sent representatives to quietly meet American companies to explore rare-earth mining and energy deals, according to people familiar with the meetings and European security officials. That includes reviving the giant Nord Stream pipeline, sabotaged by Ukrainian tactical divers, and under European Union sanctions.
Earlier this year, Exxon Mobil met with Russia’s biggest state energy company, Rosneft, to discuss returning to the massive Sakhalin gas project if Moscow and Washington gave the green light.
Elsewhere, a cast of businessmen close to the Trump administration have been looking to position themselves as new economic links between the U.S. and Russia.
Gentry Beach, a college friend of Donald Trump Jr. and campaign donor to his father, has been in talks to acquire a stake in a Russian Arctic gas project if it is released from sanctions. Another Trump donor, Stephen P. Lynch, paid $600,000 this year to a lobbyist close to Trump Jr. who is helping him seek a Treasury Department license to buy the Nord Stream 2 pipeline from a Russian state-owned company.
There is no evidence that Witkoff, the White House or Kushner are briefed on these efforts or coordinating them. A person familiar with Witkoff’s thinking said the envoy is confident that any settlement with Russia would benefit America broadly, not just a handful of investors.
Witkoff, who hasn’t traveled to Ukraine this year, is set to visit Russia for the sixth time next week and will again meet Putin. He insisted he isn’t playing favorites. “Ukrainians have fought heroically for their independence,” said Witkoff, who has tried to inspire Ukrainian officials with the idea of soldiers disarming to earn Silicon Valley-scale salaries operating American built AI data centers. “It is now time to consolidate what they have achieved through diplomacy,” he said.
“Consolidate through diplomacy” is Trump speak for selling Ukraine out. The rest of the world sees this with clarity. And here’s an intriguing comment later on in this article: “Career officials in the office overseeing sanctions at the Treasury Department have at times learned details of Witkoff’s meetings with Moscow from their British counterparts.” What does that tell you about which master Witkoff is serving?
