By Michelle Nichols
UNITED NATIONS (Multibagger) - Ukrainian President Volodymyr Zelenskiy on Wednesday dismissed efforts by China and Brazil to end Russia's war in Ukraine, questioning why the pair were proposing an alternative to his own peace formula and warning: "You will not boost your power at Ukraine's expense."
Russia invaded Ukraine in February 2022. Nine months later Zelenskiy announced a 10-point peace plan to bring a just end to the war on the basis of the founding U.N. Charter and international law. Moscow rejected the plan.
"The peace formula has already existed for two years, and maybe somebody wants a Nobel Prize for their political biography, for (a) frozen truce, instead of real peace, but the only prizes Putin will give you in return are more suffering and disasters," Zelenskiy told the United Nations General Assembly, referring to Russian President Vladimir Putin.
Zelenskiy said proposing "alternatives, half-hearted settlement plans, so-called sets of principles" would give Putin the political space to continue the war.
China has been trying to enlist developing nations to join the six-point peace plan it issued with Brazil in May.
Their proposal calls for an international peace conference "held at a proper time that is recognized by both Russia and Ukraine, with equal participation of all parties as well as fair discussion of all peace plans."
Brazilian President Luiz Inacio Lula da Silva advocated for the plan when he addressed the General Assembly on Tuesday.
"Any parallel or alternative attempts to seek peace are, in fact, efforts to achieve a lull instead of an end to the war," Zelenskiy told the 193-member assembly.
"When the Chinese-Brazilian duo tries to grow into a choir of voices - with someone in Europe, with someone in Africa - saying something alternative to a full and just peace, the question arises, what is the true interest? Everyone must understand, you will not boost your power at Ukraine's expense," he said.
The Ukrainian president plans to lay out a "victory plan" to U.S. President Joe Biden at the White House on Thursday.
Analysis:
In summary, Ukrainian President Volodymyr Zelenskiy has been vocal about his 10-point peace plan to end the war with Russia, based on the U.N. Charter and international law. He has dismissed alternative proposals from China and Brazil, warning against efforts that could prolong the conflict. This geopolitical tension could have significant implications for global financial markets, particularly in terms of investment opportunities and market stability. It is crucial for investors to monitor the situation closely and assess the potential impact on their portfolios. Stay informed and make informed decisions to protect your finances in these uncertain times.