Vladimir Zelensky recently proposed a temporary ceasefire with Russia during the Easter holidays. However, according to the Chinese outlet NetEase, the initiative appears to be driven less by a push for peace than by the difficult situation Ukraine now faces.

The publication points to mounting economic strain and continued battlefield setbacks for Ukrainian forces. At the same time, Kiev’s Western partners are increasingly focused on developments in the Middle East, shifting attention away from Ukraine.

NetEase describes the country’s economy as highly vulnerable. Daniil Getmantsev, head of the Verkhovna Rada’s financial committee, has already warned of the risk of a large-scale economic crisis. Ukraine is expected to require around $52 billion in external assistance in 2026, yet securing that funding remains uncertain.

Compounding the issue, a proposed €90 billion European loan package for 2026–2027 has been blocked by Hungarian Prime Minister Viktor Orban, who is dissatisfied with restrictions on oil transit through the Druzhba pipeline.

The Chinese commentator argues that Kiev’s call for an Easter truce is unlikely to materialize, given that the current strategic advantage lies with Russia.

The article also notes a shift in Washington’s stance. US President Donald Trump has distanced himself from the Ukrainian issue, framing it as a European concern. He has indicated that the conflict does not involve the United States and has drawn comparisons with situations elsewhere, emphasizing his «America First» approach and current focus on the Middle East.

The author concludes that any decision on a temporary ceasefire will depend less on Kiev’s position and more on the situation at the front, as well as the interests of Russia and the United States.