London Daily

Focus on the big picture.
Friday, Oct 02, 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 5 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 5 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
UK Councils to Receive Sweeping Planning Powers to Ban New Vape and Betting Shops
Scottish Court to Rule on Bid to Force No-Confidence Vote Against Aberdeen Council Co-Leader
UK Bans Extra Charges for Seating Children Under 12 Beside Accompanying Adults
UK Introduces Vaping Duty and New Licensing Requirements
Greggs to Close Four UK Factories and Cut 740 Jobs
Hundreds of Prisoners Released Early as England and Wales Prisons Reach 98% Capacity
UK Unveils New Russia Sanctions Targeting War Funding and Shadow Fleet
Burnham Says There Are Strong Indications of Iranian Involvement in RAF Fairford Security Breach
Prime Minister Andy Burnham Raises Prospect of Reviewing Britain's Post-Brexit EU Relationship
Markets Price in Bank of England Rate Increases as Inflation Rises to 3.1%
UK Borrowing Costs Climb Toward 5.5% as Global Bond Sell-Off Intensifies
UK-France One-In-One-Out Migration Agreement Expires as London Seeks Alternative Measures
Southwest England Faces Flood Alerts After Heavy Autumn Storms
UK Expands Funding for Rapid Electric Vehicle Charging Infrastructure
Welsh Government Approves Funding to Upgrade South Wales Transport
Northern Ireland Tensions Rise as Orange Order Rejects Drumcree Compromise
NHS Leaders Back Early Design of Proposed National Care Service
More Than One-Third of Regional UK Universities Face Financial Deficits
UK Current Account Deficit Narrows as Cross-Border Financial Flows Remain Strong
Bank of England and FCA Issue New Rules for Stablecoins and Digital Assets
MI5 Warns UK Universities Over Research Links With Chinese Institutions
UK Energy Price Cap Rises 4% as Electricity VAT Is Temporarily Suspended
Equity Calls for UK Personality Rights to Protect Performers From AI Replication
OpenAI Pauses Advanced Model Training Following Safety Concerns
Scottish Government Proposes Replacing 32 Councils With Larger Regional Authorities
Ofgem Raises UK Household Energy Price Cap by 4% From October
UK Counter-Terrorism Police Continue Investigation After Five Arrests Near RAF Fairford
OECD Cuts UK 2027 Growth Forecast to 1%
Labour Says State Pension Triple Lock Remains Protected Through Current Parliament
Andy Burnham Pledges National Care Service With Free Social Care in England
Six Flags Permanently Shuts Landmark X2 Roller Coaster Following Safety Scandals
Metropolitan Police Rule Out Terrorism in Golders Green Stabbing Investigation
Lithium-Ion Battery Identified as Cause of Fatal Merseyside House Fire
UK Department Rejects New Sea Use Framework Due to Stakeholder Fatigue
Major Thames Water Pipe Burst Causes School Closures in London
Aldi Commits £900 Million to Expand UK Supermarket Network
Scottish Affairs Committee Warns Skills Shortages Threaten Defence Sector Expansion
Parliamentary Committee Warns Northern Ireland Budget Deadlock is Stalling Economic Growth
NHS Hospitals in England Face Severe Shortages of Essential Medications
Home Secretary Signals Major Overhaul of UK Immigration and Leave to Remain Policies
Chancellor Promises New Job Schemes Alongside Strict Fiscal Discipline
Energy Secretary Proposes Taxpayer-Funded Green Transition and National Electricity Grid
UK Government to Renationalise Avanti West Coast Railway Franchise in March
Prime Minister Andy Burnham Pledges Major Social Care and Infrastructure Reforms
Five Suspects Released on Bail Following Alleged Bomb Plot Near RAF Fairford
UK Diesel Prices Hit Record High of 199p Per Litre
Transport for Wales and Network Rail Complete Electrification of South Wales Metro
Defra Expands Incentives for Sustainable Farming and Biodiversity in England
Northern Ireland Executive Approves Funding Package to Resolve Public Sector Pay Disputes
Universities UK Warns of Financial Insolvency Risks for Higher Education Institutions
×