Vance-Zelensky Vatican Talks: A Step Toward Peace

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May 18, 2025

Vance and Zelensky meet in Rome to repair ties and push for peace. Can their Vatican talks spark real change? Click to find out.

Financial market analysis from 18/05/2025. Market conditions may have changed since publication.

Have you ever wondered what it takes to mend a fractured relationship between two powerful figures on the world stage? Picture this: a historic meeting in the heart of Rome, where the grandeur of the Vatican sets the stage for a pivotal conversation. On May 18, 2025, US Vice President JD Vance and Ukrainian President Volodymyr Zelensky sat down for their first face-to-face since a heated exchange earlier this year. It wasn’t just a meeting—it was a moment that could shift the trajectory of global diplomacy. Their discussion, held during the inauguration of Pope Leo XIV, wasn’t just about patching things up; it was about laying the groundwork for peace in one of the world’s most volatile conflicts.

A New Chapter in US-Ukraine Relations

The Vance-Zelensky meeting wasn’t your typical diplomatic photo-op. It carried the weight of months of tension, stemming from a February fallout that briefly halted US military support to Ukraine. That rough patch had left both sides wary, but the Vatican’s neutral ground offered a fresh start. With the newly appointed Pope Leo XIV calling for peace, the setting couldn’t have been more symbolic. I can’t help but think there’s something almost poetic about two leaders coming together under the shadow of St. Peter’s Basilica, trying to find common ground.

Zelensky described the encounter as a “good meeting,” a phrase that might sound simple but carries layers of meaning in diplomatic circles. US Secretary of State Marco Rubio, who was also present, added gravitas to the moment. The trio didn’t just exchange pleasantries—they dove into the nitty-gritty of ongoing peace efforts, sanctions against Russia, and the battlefield dynamics in Ukraine. It’s the kind of conversation that could either fizzle out or light the spark for real change.


Why the Vatican Matters

Why Rome? Why now? The Vatican isn’t just a backdrop—it’s a player in its own right. Known for its soft power in global affairs, the Holy See has a long history of mediating conflicts. Pope Leo XIV, in his first public remarks, spoke passionately about carrying the “suffering of Ukraine” in his heart. That’s not just rhetoric; it’s a signal that the Vatican is ready to step up as a neutral venue for peace talks. According to diplomatic insiders, Rubio himself floated the idea of Rome hosting future negotiations between Kyiv and Moscow. The logic is simple: both sides trust the Vatican’s impartiality.

The Vatican’s neutrality makes it a rare space where trust can be rebuilt.

– International relations expert

Think about it: in a world where every major power has an agenda, finding a truly neutral ground is like striking gold. The Vatican’s moral authority adds another layer, pushing leaders to at least try to rise above politics. For Vance and Zelensky, this meeting was a chance to reset their relationship without the baggage of Washington or Kyiv looming over them.

The Istanbul Talks: A Sticking Point

One of the meeting’s focal points was the stalled peace negotiations in Istanbul. Zelensky didn’t mince words, pointing out that Russia sent a “low-level delegation” with no real authority to make decisions. It’s a classic diplomatic stall tactic, and it’s clearly frustrating Kyiv. I’ve seen this kind of move before in negotiations—it’s like showing up to a high-stakes poker game with no chips. Zelensky’s response? A firm call for a “full and unconditional ceasefire” as soon as possible.

But here’s where it gets tricky. The Kremlin’s slow-walking of talks isn’t just about bureaucracy—it’s a strategy. By dragging things out, Russia buys time to solidify its battlefield gains. Zelensky knows this, and he’s pushing hard for the US to keep the pressure on Moscow through sanctions and diplomatic isolation. Vance, for his part, seems to be listening, but the Trump administration’s approach is more carrot-and-stick, dangling tougher sanctions if Putin doesn’t get serious about peace.

  • Ceasefire: Zelensky’s top priority, but Russia’s commitment is shaky.
  • Sanctions: A tool to force Moscow’s hand, but they need global buy-in.
  • Negotiations: Istanbul talks are stalled, with no clear path forward.

What Was Discussed?

The Vance-Zelensky meeting wasn’t just about grand gestures—it got into the weeds of practical diplomacy. Zelensky laid out a broad agenda, touching on everything from trade to defense cooperation. Here’s a quick breakdown of the key topics, based on what’s been shared publicly:

TopicKey Points
Peace TalksNeed for a ceasefire and credible negotiations.
SanctionsPressure on Russia to engage in diplomacy.
DefenseContinued US support for Ukraine’s military.
TradeStrengthening economic ties between US and Ukraine.
Prisoner ExchangePlans for future swaps to ease tensions.

Zelensky’s emphasis on a “just and sustainable peace” struck me as particularly poignant. It’s not enough to stop the fighting; the solution has to last. That means addressing Russia’s aggression while ensuring Ukraine’s sovereignty. Easier said than done, right? But the fact that these two leaders are even talking again is a step in the right direction.

The Bigger Picture: Trump’s Role

Let’s zoom out for a second. This meeting doesn’t happen in a vacuum—it’s part of a broader push by the Trump administration to broker some kind of resolution in Ukraine. Upcoming phone calls between Trump, Putin, and Zelensky (possibly with European leaders) could be a game-changer. But here’s the catch: it all hinges on Trump’s willingness to lean on Putin. If he goes soft, Russia might keep stalling. If he pushes too hard, the talks could collapse entirely. It’s a tightrope walk, and the world’s watching.

Diplomacy is like a chess game—every move matters, and patience is key.

– Former US ambassador

I can’t shake the feeling that Trump’s approach is a bit of a wild card. On one hand, he’s shown a knack for bold, unconventional diplomacy. On the other, his administration’s mixed signals on Ukraine have raised eyebrows. Will he prioritize a quick win to boost his legacy, or dig in for a longer, messier process? Only time will tell.

The Pope’s Call for Peace

Pope Leo XIV’s role shouldn’t be underestimated. His heartfelt plea for an “authentic and lasting peace” resonates deeply, especially in a conflict that’s caused so much suffering. The Vatican’s envoy on Ukraine, Cardinal Matteo Zuppi, has been quietly working behind the scenes, and Rubio’s meeting with him suggests the US is serious about leveraging the Pope’s influence. It’s a reminder that diplomacy isn’t just about power plays—sometimes, moral voices can tip the scales.

Perhaps the most interesting aspect is how the Vatican’s involvement could shape public perception. In a world skeptical of politicians, a figure like the Pope carries a unique kind of credibility. If he can rally global support for peace, it might just give Vance and Zelensky the cover they need to make tough compromises.


What’s Next?

So, where do we go from here? The Vance-Zelensky meeting is a promising start, but it’s just one piece of a much larger puzzle. The Istanbul talks need to gain traction, and that means Russia has to bring more to the table. Meanwhile, the US and its allies must keep the pressure on through sanctions and military support for Ukraine. It’s a delicate balance—too much pressure, and the talks collapse; too little, and Russia keeps playing games.

  1. Strengthen Diplomacy: Push for high-level Russian negotiators in Istanbul.
  2. Tighten Sanctions: Target Russia’s economy to force serious talks.
  3. Leverage the Vatican: Use Rome as a neutral venue for future negotiations.

In my experience, moments like this—when two leaders take a step toward reconciliation—can either fizzle out or snowball into something bigger. The Vatican meeting feels like a spark, but it’ll take relentless effort to turn it into a flame. Zelensky’s ready to keep pushing, and Vance seems willing to listen. The question is whether the rest of the world, from Washington to Moscow, can get on the same page.

As I reflect on this, I can’t help but feel a mix of hope and skepticism. Diplomacy is messy, and peace is never guaranteed. But if there’s one thing this meeting shows, it’s that even the toughest relationships can be repaired with the right setting, the right timing, and a whole lot of effort. Maybe, just maybe, Rome will be the start of something historic.

Value investing means really asking what are the best values, and not assuming that because something looks expensive that it is, or assuming that because a stock is down in price and trades at low multiples that it is a bargain.
— Bill Miller
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