The Free Press
Watch: A Town Hall with Erika Kirk
NewslettersSign InSubscribe
Niall Ferguson: The Beginning of the End of the Ukraine-Russia War
Servicemen of the 808th Dniester Separate Support Brigade of the Ukrainian Armed Forces work beside an explosive hazard-clearance machine during demining operations on a liberated territory in Kherson region, Ukraine, on November 22, 2025. (Dmytro Smolienko/Ukrinform/NurPhoto via Getty Images)
Trump’s latest peacemaking initiative has a better chance of success than the skeptics realize. Both Ukraine and Russia now need a respite from war.
By Niall Ferguson
11.26.25 — International
--:--
--:--
Upgrade to Listen
5 mins
Produced by ElevenLabs using AI narration
357
233

And so the familiar rituals of peacemaking resume. The president of the United States seeks to broker a ceasefire between two warring countries. A document, intended to be used as a starting point, is partially leaked by one side, then wholly leaked by the other side. There is controversy in the press about its provenance and significance.

The negotiators gather in a neutral location. Although there are only two combatant countries, there turn out to be many others with skin in the game. While the diplomacy continues, so does the war, each side seeking to gain leverage from military pressure.

And on it goes. And on. President Donald Trump originally set a Thanksgiving deadline (tomorrow) for Ukraine to accept a new 28-point plan for peace with Russia. A high-level U.S. delegation met with Ukrainian representatives in Geneva over the weekend to delete some of the 28 points and revise some of the others, before meeting with Russian spokesmen early this week in Abu Dhabi. However, as Trump admitted last week, the Thanksgiving deadline was never a hard one: “I’ve had a lot of deadlines, but if things are working well, you tend to extend the deadlines.” You also tend to extend them when things are not working well.

Continue Reading The Free Press
To support our journalism, and unlock all of our investigative stories and provocative commentary about the world as it actually is, subscribe below.
Annual
$8.33/month
Billed as $100 yearly
Save 17%!
Monthly
$10/month
Billed as $10 monthly
Already have an account?
Sign In
To read this article, sign in or subscribe
Niall Ferguson
Sir Niall Ferguson, MA, DPhil, FRSE, is the Milbank Family Senior Fellow at the Hoover Institution, Stanford University, and a senior faculty fellow of The Belfer Center for Science and International Affairs at Harvard. He is the author of 16 books, including The Pity of War, The House of Rothschild, and Kissinger, 1923-1968: The Idealist, which won the Council on Foreign Relations Arthur Ross Book Award. He is a columnist with The Free Press. In addition, he is the founder and managing director of Greenmantle, a New York-based advisory firm, a co-founder of the Latin American fintech company Ualá, and a co-founding trustee of the new University of Austin.
Tags:
War
Russia
Ukraine
Comments
Join the conversation
Share your thoughts and connect with other readers by becoming a paid subscriber!
Already a paid subscriber? Sign in

No posts

For Free People.
LatestSearchAboutCareersShopPodcastsVideoEvents
Download the app
Download on the Google Play Store
©2025 The Free Press. All Rights Reserved.Powered by Substack.
Privacy∙Terms∙Collection notice