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Free AccessSwitzerland Confirms Peace Summit For 15-16 Jun; Biden Likely To Attend
The Swiss gov't has confirmed that a two-day high-level peace conference for Ukraine will take place outside the city of Lucerne on 15-16 June. Reuters reports comments from a Federal Council statement saying that "There is currently sufficient international support for a high-level conference to launch the peace process," The conference "...will aim to create a framework favourable to a comprehensive and lasting peace in Ukraine as well as "a concrete roadmap for Russia's participation in the peace process."
- Russia has already indicated that it does not intend to take part in the conference, with Russia's permanent representative to the UN in Geneva Gennady Gatilov saying in March that "As of now, we don't see any possibility that Switzerland would take the lead and organise something," Russia argues that Swiss adoption of EU sanctions on Russia following the invasion of Ukraine and the freezing of Russian assets means Switerland can no longer be considered a neutral actor.
- Swiss outlet NZZ reports that according to "reliable sources", US President Joe Biden will make the trip to Nidwalden for the conference alongside an estimated 80-100 other national leaders.
- Aside from the attendance of Russia and the US, major focus will be on whether China sends a representative to the conference. A no-show could be seen as indicative of the strength of the 'no limits' partnership between Moscow and Beijing, and limit the summits effectiveness with only committed Ukrainian allies in attendance.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.