sadron, politics are ALWAYS boring. It's the mechanizations of the people WITHIN politics that are interesting. But the actual cautious negotiations, the final paperwork---those are deadly dull.
What you need to do is personalize the politics. Think about the situation in Kenya right now. A coalition government has just been formed. I'm sure the actual negotiations and the final paperwork are hideously long and carefully veiled to sound nice. It's the "closed door sessions" that happened BEFORE the negotiations that I would have loved to listen to.
So let us listen.
It's only important for YOU, the author, to know the entire history/backstory of the moon elves. Readers are smart. Give them the barest details, plus how your people plan to manipulate the other side, and the story will be suitably fascinating. For example, you can have an elf king talking with his defense minister:
King (reading a letter with suitable horror): "They want access to the oceans under the Sea of Tranquility."
Defense Minister (leaping to his feet and banging on the table.) "We can't do that! They'd be close enough to bomb our harbors. Now, if it's WATER they want, how about Lake Moonquest? It's on their northern border, rather than their southern, but it has the best asteroid carp fishing anywhere. My hometown is the shore city of Glurbis, and we don't even like carp. But the giants LOVE them and they might give us access to their ruby mine nearby."
Etc., etc. Seeing the back and forth on one side can tell you a lot about the politics without actually reciting it.
But maestro is right. Even if you don't think it works, write it anyway. Don't give up just because it gets tricky. That's the road to stagnation.
Good luck!
If that makes sense. Just make it personal to the characters