The Budapest Memorandum: Brother, Can You Spare a Security Assurance?

By Mariana Budjeryn, Central European University

US President Clinton, Russian President Yeltsin and Ukrainian President Kravchuk after signing the Trilateral Statement in Moscow in January 1994 that became the basis for the Budapest Memorandum

US President Clinton, Russian President Yeltsin and Ukrainian President Kravchuk after signing the Trilateral Statement in Moscow in January 1994 that became the basis for the Budapest Memorandum

As Russia invades Crimea and looks poised for more, politicians have dusted off the 1994 Budapest Memorandum and called on Russia to respect the security assurances it gave Ukraine in exchange for the latter’s denuclearization.  Yet what exactly are these security assurances worth and what mechanisms are available for their enactment? Continue reading