Any possible compromise in and on Ukraine would leave the country a neutral territory between Russia to the east and NATO to the west. Speaking at the 50th Munich Security Conference last February—it seems like a different epoch now—Zbigniew Brzezinski even spoke about “Finlandization” of Ukraine. A long time ago, my Finnish friends strongly discouraged me from ever using the term, which they treat as derogatory, and I have been keeping my promise ever since.
Inevitably, the current situation in Ukraine has intensified the long-simmering debate in Finland about joining NATO. Proponents of accession argue that membership in the alliance is the only guarantee of Russia's non-intervention. It is not clear, however, why Russia should want to invade Finland, with which it has had excellent relations for close to seventy years now, and which it has learned to respect from the Winter War onward.
That respect is not due to Finland's neutrality, as such, but to Finland's stubborn independence. During the Cold War, it learned to manage the Soviet Union much better than vice versa. After the Cold War, after initial hesitation, Moscow accepted Finland's decision to join the European Union as part of the process of European economic integration. NATO membership, by contrast, would be seen by Russia as the end of Finland's precious strategic independence.