World February 12, 2026

Zelenskiy Says Ukraine Backed U.S. Peace Proposals to Push Talks Forward

Kyiv signals willingness to hold elections and a referendum but rejects any deal that undermines national interests

By Leila Farooq
Zelenskiy Says Ukraine Backed U.S. Peace Proposals to Push Talks Forward

Ukrainian President Volodymyr Zelenskiy said Kyiv moved to publicly support U.S. peace proposals in an effort to accelerate progress toward ending the war with Russia, while insisting Ukraine will not accept a settlement harmful to its interests. He told an interview that Ukraine is prepared for elections and a referendum if security guarantees and a ceasefire are in place, and that some crucial details on guarantees remain unresolved.

Key Points

  • Kyiv publicly supported U.S. peace proposals to show it is not blocking progress toward ending the war with Russia - markets sensitive to geopolitical risk could react.
  • Zelenskiy said Ukraine is ready to hold presidential elections and a referendum, provided there are security guarantees and a ceasefire - political stability conditions matter for investor confidence.
  • Details on U.S. security guarantees remain unresolved, including whether the U.S. would shoot down missiles over Ukraine if Russia violates any agreement - defense and security sectors are directly implicated.

Feb 12 - Ukrainian President Volodymyr Zelenskiy said Kyiv had chosen to endorse U.S. proposals aimed at ending the conflict with Russia as President Donald Trump seeks a resolution before November mid-term elections. In an interview published by The Atlantic on Thursday, Zelenskiy described the decision as a tactical move to make clear to Washington that Kyiv did not want to be seen as obstructing progress.

"The tactic we chose is for the Americans not to think that we want to continue the war," Zelenskiy told the U.S.-based publication. "That’s why we started supporting their proposals in any format that speeds things along." He added that Ukraine is "not afraid of anything" and stressed readiness to proceed with political steps if conditions are met. "Are we ready for elections? We’re ready. Are we ready for a referendum? We’re ready."

Zelenskiy said Kyiv would not accept a settlement that was detrimental to Ukraine’s interests. He reiterated that a ceasefire and U.S. security guarantees against a future invasion had not yet been finalized. "No one is clinging to power," the interview quoted him as saying. "I am ready for elections. But for that we need security, guarantees of security, a cease-fire." He also warned against putting what he described as an unacceptable deal to a public vote: "I don’t think we should put a bad deal up for a referendum."

The president said he had declined a proposal, reported this week by the Financial Times, to hold votes on February 24, the fourth anniversary of Russia’s invasion. Zelenskiy has sought to maintain constructive ties with Washington since an Oval Office meeting in February 2025 that he said had turned into a shouting match with President Trump and U.S. Vice President JD Vance.

On security guarantees, Zelenskiy said a document delineating protections for Ukraine was nearly ready to be signed but that significant details remained unresolved. He drew attention to one particularly sensitive provision - whether the United States would be willing to shoot down incoming missiles over Ukrainian territory if Russia violated a ceasefire. "This hasn’t been fixed yet," he said. "We have raised it, and we will continue to raise these questions...We need all of this to be written out."

Zelenskiy’s remarks come as Washington presses for a deal that could alter the course of the conflict before U.S. national elections in November. He framed Kyiv’s public backing of U.S. proposals as an effort to accelerate negotiations, while making clear there are red lines Kyiv will not cross if a proposed accord undermines Ukraine’s security or sovereignty.


Context and implications

The president’s comments outline a negotiating stance that balances political readiness with insistence on enforceable security arrangements. Zelenskiy emphasizes that Ukraine is prepared to accept domestic democratic processes - presidential elections and a referendum - but only if accompanied by verifiable guarantees and a durable ceasefire. At the same time, he signaled caution about specific operational clauses that remain to be agreed.

Risks

  • No finalized ceasefire or legal text on security guarantees means the timing and enforceability of any deal remain uncertain - this uncertainty can affect defense procurement and regional energy markets.
  • A rushed or poorly specified agreement could be rejected domestically by Ukraine if it is perceived as harmful, creating political and economic instability.
  • Unresolved operational commitments, such as missile interception over Ukraine, leave open the risk that guarantees may not be sufficient to deter future violations, sustaining geopolitical risk for investors.

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