Bill Ackman echoes Elon Musk call for Ukraine to give Crimea to Russia in peace deal
Bill Ackman joined fellow billionaire Elon Musk in calling on Ukraine to cede Crimea to Russia as part of an overall peace package that would satisfy Moscow and bring an end to the months-long invasion.
Ackman, the CEO of hedge fund management company Pershing Square, took to Twitter and threw in his own two cents on how best to resolve the unrest in Eastern Europe.
“I believe that nuclear blackmail must never be allowed to succeed,” Ackman tweeted on Sunday — alluding to threats by the Kremlin to use nonconventional weapons in order to secure its gains in Ukraine.
Ackman said that he agreed with venture capitalist David Sacks’ suggestion that the US offer an “armistice based on the Feb 23rd lines” — which represent the areas divided up between Russia and Ukraine on the eve of the Russian invasion.
Sacks also pitched a plan whereby the West would “guarantee that Ukraine won’t become part of NATO.”
Ackman, whose net worth has been pegged by Forbes at $3.2 billion, tweeted that he thought Sacks’ ideas were “the basis for a potential resolution.”
“Crimea was part of Russia until 1954 and is largely comprised of ethnic Russians, which was apparently why the world did little when Russia annexed it back in 2014,” Ackman tweeted.
“If we return to the status quo ex ante 2/24, Russia is not rewarded for its aggression and Ukraine can immediately begin to rebuild with support from the West.”
Ackman continued: “Thousands of lives will be saved and resources can be invested to rebuild UKR rather than in a war that will only lead to more destruction and death.”
“UKR has proven it can defend itself without NATO membership.”
“If there is a viable path to peace, we should pursue it,” Ackman tweeted. “Each day the conflict continues, the risk to the world rises.”
Musk, the Tesla CEO, raised hackles last week when he made similar proposals for a hypothetical Russia-Ukraine peace deal which also required Kyiv to cede Crimea to Moscow.
Twitter users who were overwhelmingly supportive of Ukraine piled on Musk — as did top Ukrainian officials, including an envoy who told the world’s wealthiest person that he should “f–k off.”
Like Musk, Ackman also got pushback from Twitter users.
“Stick to investing, mate,” one Twitter user commented.
Another Twitter user wrote: “Each time we appease Putin the cost to appease him next time grows. We should pay the debt now as who know what the cost next time will be.”
Musk pushed back on claims he was pro-Russia, citing his deployment of Starlink internet satellites that Ukrainian forces credit with helping them beat back the invasion.
He then denied a report which claimed that he personally met with Russian President Vladimir Putin just days before tweeting his peace proposals.
The SpaceX boss last week had also threatened to stop funding the Starlink hookups to Ukraine and publicly appealed to the US government to step in and provide financial assistance.
But Musk appeared to back off the threat over the weekend.
Earlier this month, President Biden warned of the threat of nuclear “Armageddon” while Kremlin officials on Tuesday said that the four regions of Ukraine that Moscow annexed fall under Russia’s nuclear umbrella.