Ukraine has presented a new 20-point peace proposal with U.S. support to end the war with Russia. The plan marks a shift from earlier drafts by avoiding territorial concessions and keeping NATO options open. However, Moscow, encouraged by battlefield gains and domestic political constraints, is unlikely to accept the proposal in its current form.

BulletsIn

•  New 20-point peace plan unveiled by Ukraine with US backing
•  Proposal removes demand for Ukraine to cede territory
•  NATO membership option not ruled out
•  Strong security guarantees promised to Kyiv
•  Focus on rebuilding war-ravaged Ukraine
•  Russia emboldened by recent battlefield gains
•  Kremlin sees no urgency to compromise
•  Plan hard to present as victory to Russian public
•  Moscow views proposal as tilted toward Ukraine
•  Russia likely to reject or demand major revisions