There will be no Budapest-2. Head of the President’s Office named key blocks of security guarantees for Ukraine

Ukraine needs guarantees to deter future Russian aggression in the military, political, diplomatic, institutional, and financial spheres.

It was announced by the head of the president's office, Andriy Yermak, at the first meeting of the Group on International Security Guarantees for Ukraine.

"Ukraine has an extremely negative experience of security assurances within the framework of the Budapest Memorandum. We categorically refuse to repeat it. There will be no Budapest-2," he said.

Yermak noted that Ukraine needs guarantees to deter future aggression from Russia – military, political, diplomatic, institutional, financial, etc. They should be included in legally binding and duly ratified international agreements with guarantor states.

The first block of guarantees should include modern weapons and military equipment provisions. The state will need annual financial assistance for the defense sector development. In addition, information, cyber and maritime security cooperation should be deepened, as well as the exchange and analysis of intelligence information.

The second block is actions to deter new aggression. It includes a prompt supply of weapons, equipment, and financial and other assistance to Ukraine. It is necessary to build a system of bilateral and/or multilateral agreements providing mechanisms for the actions of guarantors in case of aggression against Ukraine. In addition, it is necessary, to constantly assess security threats and develop urgent consultation mechanisms.

The third block is the sanctions policy, which should become an effective tool for preventing the repetition of aggression by the russian federation. The imposed sanctions should continue until russia fulfills certain conditions.

First, the russian federation must provide adequate assurances and guarantees of non-repetition of aggression. Secondly, it should provide complete compensation for the damage caused to the state and citizens. In the event of a future aggression threat, an effective preventive sanctions implementation mechanism should also be provided. In addition, guarantees for the urgent implementation of a synchronous international regime of sanctions are necessary if the aggression is repeated.