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Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concer...
European nations are working with Ukraine on a new ceasefire proposal along current battle lines, aiming to keep the United States in a central role, four European diplomats told reporters on Tuesday.
The proposal, which builds on previously discussed ideas, includes a reference to a peace board chaired by U.S. President Donald Trump that would oversee the implementation of the plan. “It’s an effort by the national security advisers to keep the United States on board,” said a senior European diplomat.
Key Points of the Proposal
The ceasefire would be based on current front lines, responding to longstanding European calls for an immediate halt to fighting. Territorial negotiations would follow the ceasefire, but no lands occupied by Russia would be recognized as Russian. The plan would ensure security guarantees for Ukraine, including supporting its military strength. Provisions would include the return of deported children and prisoner exchanges. Financial assistance for reconstruction and a roadmap to EU membership would also be included. EU sanctions on Russia would be lifted gradually as Moscow meets its commitments, with some frozen Russian assets potentially used for reparations to Ukraine. “One senior diplomat noted: ‘That would be a non-starter for Russia,’” highlighting the challenges ahead.
Context and Next Steps
Some 35 allies of Ukraine are expected to meet on Friday in London at a summit of countries willing to provide long-term support to Kyiv. There is also a possibility of a Trump–Putin meeting in the coming weeks, the diplomats said.
European diplomats acknowledged that the proposal largely reflects previous European plans, with “some more new elements” added, but stressed that Russia has shown no signs of changing its position.
The diplomats spoke on condition of anonymity due to the sensitivity of the discussions.
Bloomberg News first reported news of the new proposal on Tuesday.
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