In a conversation addressing the ongoing conflict in Ukraine, former oil tycoon and Kremlin oppositionist Mikhail Khodorkovsky expresses deep skepticism towards the current Kremlin under Vladimir Putin. He articulates that trusting the Kremlin in any matter is futile, especially regarding peace negotiations in the conflict with Ukraine, which he deems unlikely under the current regime. Khodorkovsky emphasizes that the war serves as a stabilizing factor for Putin’s government, and any peace initiative from them should be approached with caution.

Khodorkovsky suggests that the only way the Kremlin could come to the negotiating table is if it perceives that continued military action would lead to significant losses, risking what they have already achieved. This situation presents Ukraine with a difficult emotional choice: to either continue fighting in hopes of a collapse of the Kremlin, risking their future, or to retreat temporarily, recognizing that an opportunity might arise to strengthen their defense against potential future aggression.

The Munich Security Conference has sparked discussions about Ukraine's future and the potential for ending the war within the year. Khodorkovsky's insights underscore the complexities of international diplomatic efforts in the ongoing conflict, highlighting the tension between immediate military realities and the long-term goal of achieving a sustainable peace.