London Daily

Focus on the big picture.
Thursday, Mar 19, 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
UK and Nigeria Reach Agreement to Accelerate Return of Irregular Migrants
UK Sets New Aid Priorities Following Significant Budget Reductions
Cyprus President Urges Open Dialogue Over Future of British Sovereign Base Areas
Cyprus President Urges Open Dialogue Over Future of British Sovereign Base Areas
UK Plans 50% Steel Tariffs in Bold Move to Protect Domestic Industry
Iran Conflict Sends Shockwaves Through UK Economy as Energy Costs and Trade Risks Surge
UK Health Officials Warn Kent Meningitis Outbreak Still Active as Cases Continue to Rise
UK Climate Progress Faces Scrutiny Over Reliance on Carbon Accounting Methods
UK Deploys Advisers to United States to Shape Plan for Reopening Strait of Hormuz
Amazon Bets on AI-Driven Alexa Upgrade to Revive UK Smart Speaker Market
UK Abortion Law Changes Spark Strong Response from Church Leaders and Pro-Life Advocates
UK Abortion Law Changes Spark Strong Response from Church Leaders and Pro-Life Advocates
GB News Faces Regulatory Complaints Over On-Air Remarks on ‘Genocide’ Claims
UK Signals Expanded Support for Gulf Allies as Iranian Attacks Intensify Regional Threats
UK VAT Decision Opens Path for Potential Refunds to U.S. Biopharma Firms
UK and Canada Advance ‘Middle Power’ Strategy to Shape Global Influence Beyond Superpowers
Google Explores AI Opt-Out Features in Search to Address UK Regulatory Concerns
Google Explores AI Opt-Out Features in Search to Address UK Regulatory Concerns
UK Fuel Prices Poised to Surge as Global Tensions Drive Oil Market Volatility
UK Fuel Prices Poised to Surge as Global Tensions Drive Oil Market Volatility
UK Holds Back on Hormuz Escort Mission While Continuing Talks with Allies
TrumpRx Pricing Platform Faces Scrutiny as Some Medicines Remain Costlier Than in the UK
UK, Netherlands and Finland Explore Joint Defence Investment Bank to Boost Military Capability
Deadly Meningitis Outbreak in Kent Raises Alarm as Cases Surge and Emergency Response Expands
UK Security Adviser Viewed US-Iran Nuclear Deal as Within Reach Before Sudden Escalation
UK Prime Minister Urges Continued Focus on Ukraine Amid Escalating Iran Conflict
UK Introduces New Safeguards to Shield Lenders from Bank Run Risks
UK Promotional Products Market Surpasses £1.3 Billion as Demand Strengthens in 2025
Reeves Pushes for Deeper UK-EU Economic Ties to Revive Growth
UK Security Adviser Saw No Imminent Iranian Nuclear Threat Days Before War Erupted
France Signals Warm Welcome for UK Return to EU Single Market Amid Renewed Cooperation Talks
UK Defence Official Criticises Boeing Over Delays to E-7 Wedgetail Programme
UK Urged to Secure Quantum Talent as Minister Warns Against Repeating AI Setbacks
UK Mayors Set to Gain New Spending Powers Under Reeves’ Fiscal Devolution Plan
Western Allies Urge Restraint as Israel Weighs Expanded Ground Operation in Lebanon
Trump Warns NATO Faces ‘Very Bad’ Future Without Stronger Allied Support in Iran Conflict
UK Minister Says Britain Not Bound to Support Every Demand From U.S. President
Starmer Tells Trump Britain Will Not Be Drawn Into Wider Iran War
Starmer Tells Trump Britain Will Not Be Drawn Into Wider Iran War
UK Set to Introduce Steel Tariffs of Up to 50 Percent in New Industrial Strategy
European Governments Decline Trump’s Call to Send Warships to Reopen Strait of Hormuz
Fears Over Iran Conflict Weigh on UK Consumer Confidence
Starmer Says UK Working With Allies on Hormuz Shipping Plan After Trump Raises Pressure
Iran War and Energy Shock Shake Britain’s Economy and Political Debate
Deadly Meningitis Outbreak at UK University Leaves Two Dead and Several Seriously Ill
Deadly Meningitis Outbreak at UK University Leaves Two Dead and Several Seriously Ill
King Charles and Queen Camilla Share Personal Tributes to Their Mothers on UK Mother’s Day
Prince William Honors Princess Diana with Mother’s Day Tribute
UK Economy Stalls in January as Households Cut Back on Eating Out
AI-Generated Singer Becomes Viral Voice for Iranians With New Anthem
×