Niall Ferguson Profile picture
International man of history, Flying Scotsman. Author, @HooverInst senior fellow, @TheFP and @thetimes columnist. Opinions my own.

Nov 21, 2025, 5 tweets

The best is the enemy of the good. Contrary to recent press speculation, the draft 28-point plan for peace in Ukraine is in fact a reasonable basis for negotiations. Journalists can gripe about it as they griped about the 20-point Gaza plan. But wars are not ended by op-eds. 1/5

Wars are ended either by victory or by compromise. This plan affirms Ukraine's sovereignty. It provides Ukraine with a US-backed security guarantee. It envisages Ukrainian reconstruction. Of course, the territorial terms and the amnesty for war crimes are hard to swallow. 2/5

⁠But if you want to take back territory and try Putin, you have to win the war. And realistically Ukraine has never been in a position to defeat Russia. The critics should also acknowledge that President Trump has taken some risk here. 3/5

I do not believe it is in the Ukrainian people's interests for the war to be prolonged for another year. The risks seem to me too great. So I hope @ZelenskyyUa will use his eloquence to explain why the time is right to negotiate. 4/5

@ZelenskyyUa Ukrainians have fought heroically for their independence. It is now time to consolidate what they have achieved through diplomacy. 5/5

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