Published by Global Banking & Finance Review®
Posted on May 26, 2025
2 min readLast updated: January 23, 2026
Add as preferred source on GoogleThe Kremlin is actively working on a Russian peace memorandum draft for the Ukraine war, with no submission yet. A prisoner exchange was completed as part of ongoing negotiations.
MOSCOW (Reuters) -Serious work on Russia's proposal for a possible peace deal for the Ukraine war is ongoing and a draft has not yet been submitted, Kremlin spokesman Dmitry Peskov said on Monday.
In a phone call with U.S. President Donald Trump last week, Russian President Vladimir Putin said Russia and Ukraine would work on a memorandum relating to a peace accord, prompting new accusations from Kyiv and European governments that Moscow was stalling and had no serious interest in peace.
Russia has rejected such accusations and insists that it has no interest in delaying the peace process.
"The Russian draft of the memorandum has not yet been submitted," Kremlin spokesman Dmitry Peskov told reporters. "Work is continuing. This is a serious draft, a draft of a serious document that demands careful checks and preparation."
Russian Foreign Minister Sergei Lavrov said on Friday that Moscow would be ready to hand Kyiv a draft document outlining conditions for a long-term peace accord once a prisoner exchange agreed at talks in Istanbul was completed.
That swap, which saw both Russia and Ukraine hand over 1,000 people, was completed on Sunday, Russia's defence ministry said.
Peskov said work towards a peace deal would continue based upon agreements reached in Istanbul, with the prisoner exchange as the first stage.
(Reporting by Dmitry Antonov; writing by Gleb Stolyarov; editing by Alexander Marrow/Guy Faulconbridge)
Kremlin spokesman Dmitry Peskov stated that serious work on the Russian draft of the peace memorandum is ongoing and that it has not yet been submitted.
In a phone call with U.S. President Donald Trump, President Vladimir Putin mentioned that Russia and Ukraine would work on a memorandum related to a peace accord.
The prisoner exchange, which involved both Russia and Ukraine handing over 1,000 individuals, was completed on Sunday, according to Russia's defense ministry.
Russian Foreign Minister Sergei Lavrov indicated that Moscow would be ready to present Kyiv with a draft document outlining conditions for a long-term peace accord following the prisoner exchange.
Peskov mentioned that the work towards a peace deal would continue based on agreements reached in Istanbul, with the prisoner exchange being the first stage.
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