Peter Zalmayev: 'Ukraine Was Showing All Sorts of Cards That Trump Took Away and Gave to Putin'

Oct 21, 2026 | Angela Diffley is pleased to welcome Peter Zalmayev, Founder and Director of the Eurasia Democracy Initiative, LIVE from Kyiv. And he warns, "I'm seeing, I'm smelling a Yalta II. I'm smelling another Munich (1938), where we're seeing appeasement of the aggressor." Ukraine faces the possibility that its sovereignty and security could become mere bargaining chips in an era Zalmayev describes as great-power "collusion". He delivers a forceful critique of the Trump administration's approach to Russia, arguing that Washington is weakening Ukraine's negotiating position while offering Vladimir Putin little incentive to abandon his maximalist demands. At stake, he suggests, are the cohesion of the transatlantic alliance, and the credibility of Western security commitments.