European countries are working with Ukraine on a proposal to end the military conflict along the current front lines, Bloomberg has learned from sources. According to their information, the plan has 12 points and its implementation will be overseen by a peace council chaired by US President Donald Trump. In parallel, several media outlets reported that Trump's recently announced meeting with Russian President Vladimir Putin will not take place in the near future.

Details

The proposal stipulates that after both sides agree to a ceasefire and commit to halting territorial advances - there will be an exchange of prisoners and all removed children will be returned to Ukraine. Kiev would receive security guarantees, funds to repair war damage and permission to accelerate its accession to the European Union. The plan also includes a gradual lifting of sanctions against Russia, but frozen Russian Central Bank reserves of about $300 billion will be returned only after Moscow agrees to contribute to Ukraine's postwar reconstruction.

In addition, Moscow and Kiev are expected to start negotiations on the management of the territories occupied by Russian troops. At the same time, neither Europe nor Ukraine will recognize them as Russian, Bloomberg's interlocutors said.

Details of the plan could still change, the agency's sources warned, adding that any proposal would also require support from Washington, for which European officials may be traveling to the U.S. this week.

Last week, following his phone call with Putin, Trump announced a new meeting with the Russian president in Budapest. He did not specify when this meeting should take place. U.S. Secretary of State Mark Rubio held phone talks with Russian Foreign Minister Sergey Lavrov on Monday, but the two sides failed to reach an agreement on a meeting to prepare for the summit, Bloomberg noted. After that, on October 21, a White House official told the publication that Trump has no plans to meet Putin in the near future.

The news is supplemented.

This article was AI-translated and verified by a human editor

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