The Cavalry That Sold Its Horses: Why Europe’s Security Guarantees Are Becoming a Ghost of the Cold War

The Munich Security Conference, once a theater of transatlantic resolve, has morphed into a session of "black magic" where the audience is asked to believe in illusions while the stagehands whisper about bankruptcy. As European elites discuss "ironclad" security guarantees for Ukraine, a chilling reality is emerging from the backrooms of Berlin and Brussels: the European "locomotive" is not just slowing down; it has run out of coal.

The Empty Arsenal of Democracy

The situation in Ukraine. January 28 – February 4, 2026.

At the start of the new round of talks in Abu Dhabi (February 4-5, 2026), the most problematic issues for reaching a peace agreement on Ukraine remain: territorial issues (the withdrawal of Ukrainian troops from the Donetsk region) and security guarantees for Ukraine. The current diplomatic configuration demonstrates that each side is currently pursuing its own vision of peace, seeking an agreement that will be perceived as a victory.

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