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South Korea joins working group for Zelenskyy's Peace Formula implementation

South Korea joins working group for Zelenskyy's Peace Formula implementation South Korea joins working group for Zelenskyy's Peace Formula implementation (Photo: Getty Images)

According to Yonhap, South Korea has announced its participation in the working group tasked with implementing the provisions of President Volodymyr Zelenskyy's peace formula for Ukraine.

This decision was reached during the visit of National Security Advisor Cho Tae-yong to Saudi Arabia on August 5-6 for the purpose of engaging in peaceful negotiations concerning Ukraine.

Representatives from 45 countries participated in the meeting, where the majority expressed their support for ending the war in Ukraine and expediting the restoration of peace in the nation.

A senior official from the presidency remarked, "In line with one of the key points of the Ukraine Peace and Solidarity Initiative we proposed, we will take part in the Peace Formula working group".

South Korea holds the hope that its involvement in the working group will enable its business sector to engage in extensive post-war reconstruction projects in Ukraine.

Summit in Saudi Arabia

During the two-day summit held in Saudi Arabia on August 5-6, the central theme revolved around the Ukrainian "Peace Formula." The initial report of the summit was provided by The Wall Street Journal, with subsequent confirmation from the Office of the President.

Representatives from over 40 countries were invited to the summit, including India, Brazil, Indonesia, Egypt, Mexico, and China.

Following the summit, Andriy Yermak, the head of the President's Office, stated that while there were differing perspectives among some representatives, all countries demonstrated their commitment to the principles of the United Nations Charter, international law, as well as respect for sovereignty and territorial integrity of states.

Ukrainian Peace Formula

During his address at the G20 summit in November 2022, Ukrainian President Volodymyr Zelenskyy introduced the peace formula for the first time, aimed at halting the devastating Russian conflict. The formula encompasses ten key points:

  1. Radiological and nuclear safety (Russian withdrawal from the Chornobyl Exclusion Zone, renunciation of nuclear threats).
  2. Food security (expansion of grain initiative).
  3. Energy security (protection of Ukrainian energy infrastructure, limitation of energy resource prices from Russia).
  4. Release of all prisoners and deportees ("all for all" formula).
  5. Adherence to the UN Charter, restoration of territorial integrity and global order.
  6. Withdrawal of Russian forces and cessation of hostilities (restoration of Ukrainian control over all sections of the state border with Russia).
  7. Justice (creation of a special tribunal for Russia's aggression against Ukraine).
  8. Ecocide, urgent need for environmental protection.
  9. Prevention of escalation (signing of a security guarantee treaty under the Kyiv Security Compact).
  10. Formal acknowledgment of the war's conclusion.

This formula has garnered support from nations including the United Kingdom, United States, Canada, Japan, Germany, France, Italy, Portugal, Poland, Finland, and Baltic countries.