Kyiv is working with European leaders on a 12-point proposal to end the war in Ukraine along current battle lines, according to a report by Bloomberg on Oct 21.
Some of the points in the plan include the return of children abducted from Ukraine and exchanges of prisoners, according to anonymous sources familiar with the deal who spoke with the outlet.
Ukraine would also receive security guarantees, funds for the reconstruction and rejuvenation of regions damaged throughout the war, and a plan for rapid passage into the EU.
These conditions would only come into place after Russia and Ukraine have agreed on a ceasefire.
A peace board headed by US President Donald Trump would be created to oversee the implementation of the proposal.
The proposed plan reportedly provides for Western sanctions on Russia to be gradually lifted, though it warns that they would snap back into place if Moscow acts to invade Ukraine again.
Some $300bn in frozen Russian central bank reserves could be returned to Moscow if it agrees to fund part of Ukraine’s rebuilding process.
Ukraine and Europe would not recognize territories occupied by Russia, and Kyiv and Moscow would engage directly to establish how those territories would be governed.
European officials could travel to the US this week to seek Trump’s stamp of approval for the plan, sources told Bloomberg.
Bloomberg writes that European leaders are keen to combat Russia’s maximalist demands for Kyiv to cede territory after talks between Washington and Moscow reportedly fell apart over the latter’s refusals to compromise this week.
Russian Foreign Minister Sergei Lavrov and US Secretary of State Marco Rubio spoke by phone call on Monday, but reports spoke of a rift between the officials after Rubio grew frustrated with Lavrov’s insistence that freezing the front line could never be accepted by Russia.
It was reported that Moscow had cancelled plans for in-person talks between advisers on both sides, which were intended to precede a second summit between Trump and Russian President Vladimir Putin in Budapest in the coming weeks.
The White House confirmed to reporters on Tuesday that there were now no plans for the meeting between the leaders to take place in the immediate future.
On Tuesday, Reuters also reported that Russia had repeated its demands that it take control of the entire Donbas in a private communique sent to the US over the weekend.
Moscow was also said to have underlined in the communique, known as a non-paper, that no NATO troops be deployed to Ukraine in the event of any peace agreement that might be reached.
It came as President Volodymyr Zelensky said in his nightly address that Russia had become “automatically less interested in diplomacy” after Trump postponed a decision on supplying long-range Tomahawk missiles to Ukraine.
He said that Russia had acted more amenable to discussions to end the war when Ukraine’s “long-range capability” had grown greater, before turning its back on negotiations when the weapons for Kyiv looked unlikely to transpire.
“Russia is once again doing everything it can to abandon diplomacy,” Zelensky said, adding that he would continue to hold talks on long-range weapons to strike within Russia with European and US allies.