Europe proposes 12-Point Ukraine peace plan led by Trump
European nations, in coordination with Ukraine, propose a 12-point peace plan based on current front lines, with US President Trump expected to lead mediation.
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President Donald Trump, left, greets Ukraine's President Volodymyr Zelenskyy at the White House, Friday, Oct. 17, 2025, in Washington (AP)
Bloomberg reported that European countries, in coordination with Ukraine, are working on a 12-point proposal to end the war, which is based on the current front lines between Russian and Ukrainian forces.
The proposed peace plan would be overseen by a peace council chaired by US President Donald Trump, Bloomberg further reported, citing sources.
A number of European leaders have urged the United States administration to maintain its position, calling for an immediate ceasefire, with the current front lines forming the basis for any future negotiations.
According to the report, the proposal includes providing security guarantees for Kiev, along with financial support for post-war reconstruction, in addition to a fast-track path for Ukraine's accession to the European Union.
The report also indicates that the plan stipulates a commitment from both sides to halt any further territorial advances, return deported children to Ukraine, and carry out prisoner exchanges.
The negotiations will be held at a later stage regarding the administration of the territories under Russian control, without this leading to any European or Ukrainian legal recognition of the legitimacy of Russian control over these areas, according to Bloomberg.
In this context, Reuters reported, citing two American sources, that "Russia has renewed its previous conditions for concluding a peace agreement with Ukraine in a private statement sent to the United States," with the statement reiterating "Russia's demand for full control of the Donbas region."
Separately, Russia confirmed on Tuesday that its prerequisites for a peace agreement in Ukraine have not altered since the summit last August between Russian President Vladimir Putin and his American counterpart, Donald Trump.
Putin, Trump agree to meet in Hungary
This comes amid intensified diplomatic efforts to reach a ceasefire in Ukraine, with the United States President Donald Trump and Russian President Vladimir Putin agreeing to meet in Hungary.
US President Donald Trump announced that he and Russian President Vladimir Putin have agreed to hold a summit in Budapest aimed at advancing talks to end the war in Ukraine following what he described as a "very productive" phone conversation on October 16.
In a post on his Truth Social platform, Trump stated that the two-hour phone call with Putin yielded "great progress" and added that both leaders discussed prospects for peace and post-war relations.
"I believe great progress was made with today’s telephone conversation," Trump wrote, noting that the talks would be followed by lower-level meetings between Washington and Moscow next week and confirming that he and Putin plan to meet in Budapest "to see if we can bring this ‘inglorious’ war between Russia and Ukraine to an end."