In recent weeks, the example has made its way into the center of the debate, with Finnish President Alexander Stubb and the Economist advertising it as a positive precedent. At the annual Yalta European Strategy conference organized by the Victor Pinchuk Foundation in Kyiv this weekend, the influential historian Niall Ferguson hailed Finlandization before the assembled security elite.

As part of the U.S. and European push toward a negotiated end to the Russia-Ukraine war, Kyiv has been under mounting pressure to accept territorial concessions. Lately, attention has focused on a possible precedent for a land-for-peace deal with Moscow: the 1944 Finnish-Soviet armistice that followed two successive wars between the two neighbors. Helsinki permanently transferred substantial Finnish territories to Moscow and was never attacked again.

As part of the U.S. and European push toward a negotiated end to the Russia-Ukraine war, Kyiv has been under mounting pressure to accept territorial concessions. Lately, attention has focused on a possible precedent for a land-for-peace deal with Moscow: the 1944 Finnish-Soviet armistice that followed two successive wars between the two neighbors. Helsinki permanently transferred substantial Finnish territories to Moscow and was never attacked again.

In recent weeks, the example has made its way into the center of the debate, with Finnish President Alexander Stubb an