London Daily

Focus on the big picture.
Friday, Mar 13, 2026

The Budapest Memorandum: A Deal That Should Have Ensured Peace in Ukraine

The Budapest Memorandum: A Deal That Should Have Ensured Peace in Ukraine

By invading Ukraine, Russia has once again offended the nation’s sovereignty, and in doing so, breached the 1994 Budapest Memorandum. Russia is among the signatories of the agreement, which ensured respect for Ukraine’s borders and freedom from being invaded by Russia, in return for Ukraine giving up its nuclear weapons.

Ukraine had around 1,700 nuclear warheads in 1994, more than the amount the United Kingdom, China, and France had put together. With the third largest nuclear arsenal in the world, the Ukrainian government now had a very strong deterrent to Russian aggression, but also a bargaining tool.

Powerful, but Dangerous Bargaining Tools


The weapons Ukraine possessed were its inheritance in the Commonwealth of Independent States (CIS), formed after the dissolution of the Soviet Union. The launch codes for the weapons were protected in Russia. At this point, the Ukrainian government had the option of reprogramming the weapons (a 2016 study suggested this would have taken roughly a year and a half), which would have made it the third most relevant nuclear power.

"But the government was also given a second major option: assurance from the two biggest nuclear powers, Russia and the United States, along with the United Kingdom, that the state’s territorial integrity and national sovereignty would be respected if it gave up its armament.


It was understandably difficult for Ukraine to enter the deal. Not only did it have a history of fighting for independence against Russia, but analysts were already warning of a Russian invasion in 1993 in the case that the warheads were given up. The economic difficulties that faced post-Soviet states were mounting in the early 90s, and it was in the interest of Western powers to avoid serious conflict by ensuring that preferably only one state, Russia, would have nuclear weapons. With pressure from both sides, Ukraine had to make a decision.

A Formal Assurance of Ukraine’s Sovereignty


In 1993, Ukraine signed a deal with Russia giving up its claims to the warheads and the Black Sea Fleet (the weakened fleet was in the Ukrainian territory of Crimea after the Soviet Union’s dissolution) in return for 2.5 billion dollars in gas and oil debt cancellation and future supplies for its nuclear power reactors. But the country’s entry into the Treaty on the Non-Proliferation of Nuclear Weapons was a negotiation which took three years, culminating in the Budapest Memorandum.

US President Bill Clinton, Russian President Boris Yeltsin, and Ukrainian President Leonid Kravchuk signed the Memorandum in Budapest on December 5. In return for entering the Non-Proliferation Treaty, the USA, the UK and Russia agreed to the following:

1. Ukraine’s independence, sovereignty, and existing borders shall be respected.

2. The signatories shall refrain from the threat or use of force against the territory or political independence of Ukraine.

3. The signatories shall refrain from influencing Ukrainian politics with economic pressure.

4. Immediate United Nations Security Council action shall provide assistance to Ukraine if it becomes the victim “of an act of aggression or an object of a threat of aggression in which nuclear weapons are used.”

5. Nuclear weapons shall not be used against Ukraine

6. Consult in the event that questions arise on these commitments

Putin Breaks Promise of Peace on False Claims


Vladimir Putin first breached the treaty in 2014 with the annexation of Crimea, violating Ukraine’s sovereignty. Putin claimed that his actions were justified, describing the Ukrainian situation as a revolution. “A new state arises,” he said, to which “we have not signed any obligatory documents.”

Once again, Putin feels the need to break the international agreement to meet his territorial ambitions. This time around he’s claimed that Russian troops need to “denazify” Ukraine, which is ironic considering that Volodymyr Zelensky is of Jewish origin, and was elected in a fair election with 70 percent of the vote.

The impact of Russia’s breach of the agreement is clear to everyone watching the news, and will continue to destabilize the region. Zelensky warned the 58th Munich Security Conference on February 19 that inasmuch as Russia chooses to breach the Budapest Memorandum, Ukraine is just as capable of doing the same.

Claims of Ukrainian Nuclear Rearmament Unrealistic


The Ukrainian president brought up the sixth point of the Memorandum, emphasizing that Ukraine has tried to bring together the signatories for a consultation three times since 2014, but all attempts have been unsuccessful.

Zelensky’s warning underscores a rebuilding of the nation’s nuclear arsenal, an option which Ukraine’s ambassador to Germany said the government was already considering last spring.

The alleged potential of Ukraine to produce nuclear weapons has also been cited by Russian officials as a justification for war. However, there is no proof of Ukraine having begun rearming itself with nuclear weapons. In fact, Western experts have asserted that Ukraine does not have the scientific, logistical, financial, and geopolitical strength to arm itself with nuclear warheads at this time.

On a positive note, the condemnation Russia has received by nearly the entire international community shows that international agreements such as the Budapest Memorandum do hold relevance in establishing right from wrong. Even if Putin chooses to break the agreement in favor of political ambitions, the offence has been recorded, and will be remembered.

Comments

Hugh Trimble 4 year ago
Don’t think NATO membership was in the cards for Ukraine but EU membership might be more scary for Putin. Imagine if Russia had a modern attitude, they could also have been in the EU. That would mean loss of sovereignty to Brussels for Putin in exchange for better economy. Not likely!
Oh ya 4 year ago
And the west and NATO should have told Ukraine a flat out no it would not be allowed in NATO also like a agreement that was signed promising RUSSIA that NATO would not move east. Promises broken

Newsletter

Related Articles

0:00
0:00
Close
Asian Energy Security Tested as Strait of Hormuz Disruption Threatens Oil Supplies
Iran Sets Three Conditions for Ending Regional War as Diplomatic Efforts Intensify
Tesla Secures Approval to Supply Electricity Directly to Homes Across Britain
Prince William Delivers Tribute to Australia’s Naval Alliance Amid Renewed Royal Spotlight on the Country
UK Foreign Secretary Travels to Saudi Arabia to Reinforce Support for Regional Allies
Putin’s ‘Hidden Hand’ May Be Assisting Iran in Conflict With Trump, UK Defence Secretary Warns
UK Sets April Deadline for Tech Platforms to Strengthen Online Protections for Children
Elon Musk Moves Into Britain’s Energy Market as Tesla Wins Licence to Supply Power
UK Watchdog Warns Fuel Retailers Against Profiteering Amid Iran War Price Surge
Report Claims Iran Used UK Charity Network to Expand Influence
United States and United Kingdom Establish Joint Standards for Counter-Drone Technology
Iran May Be Laying Naval Mines in Strait of Hormuz, UK Warns Amid Escalating Gulf Tensions
US Deploys Bunker-Buster Bombs to UK Airbase as Iran Conflict Intensifies
British Troops in Iraq Intercept Iranian Drones Targeting Coalition Base
Release of Mandelson Files Raises Tensions as UK Seeks Stable Relations With Donald Trump
UK Documents Reveal Starmer Was Warned About Mandelson’s Epstein Links Before Ambassador Appointment
Nearly Five Hundred UK Mortgage Deals Withdrawn in Two Days as Market Volatility Forces Lenders to Reprice
Three Cargo Ships Hit Near Iran as Attacks Spread to Strategic Strait of Hormuz
Why British Police Repeatedly Declined to Investigate Jeffrey Epstein’s UK Links
UK Parliament Ends Hereditary Seats in House of Lords, Closing Chapter on Centuries of Aristocratic Lawmaking
EU and UK Urge Israel to Act Against Rising West Bank Settler Violence Amid Regional Tensions
US Senator John Kennedy Says Keir Starmer Should Not Be Trusted for Military Advice Amid Iran War Debate
UK High Court Rejects Attempt to Revive Terrorism Charge Against Kneecap Rapper
Revolut Secures Full UK Banking Licence After Multi-Year Regulatory Wait
Kentucky’s Bench Boost Powers Wildcats Past LSU in SEC Tournament Opener
British Couple Die After Being Pulled From Water at Australian Beach During Family Visit
Global Energy Agency Announces Record Release of 400 Million Barrels to Stabilize Oil Markets Amid Hormuz Disruption
British Airways Suspends UK Repatriation Flights as Middle East Travel Disruption Deepens
US Forces Prepare Ordnance at RAF Fairford as Strategic Bombers Deploy for Middle East Operations
Nigel Farage Faces Criticism After Saying Britain Should Stay Out of Iran War
Landmark UK Trial Begins Over Sony’s PlayStation Store Pricing
UK High Court Rejects Bid to Challenge Britain’s Chagos Islands Agreement With Mauritius
Finnish Duo Triumphs in England’s Annual Wife-Carrying Race, Winning a Barrel of Ale
How U.S. and UK National Security Strategies Are Reshaping the Global Business Landscape
Green Party Gains Momentum as Labour Shifts Toward the Political Centre
Royal Navy Destroyer HMS Dragon Sets Sail for Eastern Mediterranean as Regional Tensions Rise
UK Homebuilder Persimmon Warns Iran Conflict Could Dent Property Buyer Confidence
Roman Abramovich Signals Legal Fight if UK Seeks to Seize Chelsea Sale Funds
UK Ready to Back Emergency Oil Reserve Release as Middle East Conflict Pushes Prices Higher
Study of 40,000 Articles Sparks Debate Over Alleged Anti-Muslim Bias in UK Media
US and UK Army Chiefs Strengthen Cooperation on the Future of Armored Warfare
Britain’s Search for the Next ARM Intensifies as Startups and Investors Target the Semiconductor Frontier
Three US Strategic Bombers Arrive at RAF Fairford as Iran Conflict Intensifies
Cancer Death Rates in the UK Fall to the Lowest Level on Record
UK Government Bond Yields Retreat Slightly After Sharp Spike Triggered by Middle East Conflict
UK Chancellor Warns Middle East War Could Push Inflation Higher
UK Prime Minister Warns Iran Conflict Could Drive Up Prices and Threaten Economic Stability
Trump Declines UK Offer to Deploy Aircraft Carriers to Middle East Amid Iran Conflict
Prince Harry and Meghan Markle to Return to Australia After Seven Years for Philanthropic and Business Engagements
UK Government Signals Independence From Washington as Cooper Says Britain Does Not Agree With Trump on Every Issue
×