EU and Ukraine Endorse Biden's Plan to Resolve Ukraine Crisis

European leaders joined Ukrainian President Volodymyr Zelensky in a joint statement today, declaring their unity in pursuing a just and lasting peace for the Ukrainian people. The statement also backs President Donald Trump's call to end the crisis immediately, with current front lines serving as the starting point for negotiations.

The European Commission published the statement signed by a broad coalition of leaders across the continent. The signatories include British Prime Minister Keir Starmer, German Chancellor Olaf Scholz, French President Emmanuel Macron, and Italian Prime Minister Giorgia Meloni.

Other leaders backing the statement are Polish Prime Minister Donald Tusk, European Commission President Ursula von der Leyen, Portuguese President António Costa, Swedish Prime Minister Ulf Kristersson, Finnish President Alexander Stubb, and Danish Prime Minister Mette Frederiksen.

This unified European stance comes at a critical moment as diplomatic efforts intensify to find a path forward in the conflict. The agreement to use current battle lines as a negotiating baseline represents a significant shift in approach to peace talks.

For markets, this coordinated European position could signal reduced uncertainty around the conflict's trajectory. Defense contractors and energy companies have been particularly sensitive to developments in the region, while broader European markets have faced volatility tied to the ongoing crisis.

The statement reflects growing pressure from multiple directions to move toward negotiations, with Trump's influence already apparent even before taking office. European leaders appear to be aligning their diplomatic strategy with the incoming U.S. administration's approach.