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    Home > Headlines > Europeans push back at US plan that would force concessions from Ukraine
    Headlines

    Europeans push back at US plan that would force concessions from Ukraine

    Published by Global Banking & Finance Review®

    Posted on November 20, 2025

    5 min read

    Last updated: January 20, 2026

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    Tags:international financial institutionforeign exchangefinancial stabilityeconomic growthCapital Markets

    Quick Summary

    Europeans oppose a US-backed peace plan for Ukraine requiring land concessions. EU ministers demand a peace respecting Ukraine's sovereignty.

    Europeans Challenge US Plan Demanding Ukraine Concessions

    By Lili Bayer and Olena Harmash

    BRUSSELS/KYIV (Reuters) -European countries pushed back on Thursday against a U.S.-backed peace plan for Ukraine that sources said would require Kyiv to give up more land and partially disarm, conditions long seen by Ukraine's allies as tantamount to capitulation.

    Two people familiar with the matter told Reuters on Wednesday that Washington had signalled to President Volodymyr Zelenskiy that Ukraine must accept a U.S.-drafted framework to end the war, which includes territorial concessions and curbs to Ukraine's armed forces. The sources spoke on condition they not be identified because of the sensitivity of the matter.

    The acceleration in U.S. diplomacy comes at an awkward juncture for Kyiv, with its troops on the back foot at the front and Zelenskiy's government undermined by a corruption scandal. Parliament fired two cabinet ministers on Wednesday over the scandal.

    Russia has been pounding Ukrainian cities and infrastructure with nightly bombardments, killing civilians and causing power cuts as winter sets in. Authorities said 22 people were still missing and 26 dead from airstrikes that destroyed an apartment block early on Wednesday, one of the worst attacks in months.

    'PEACE CANNOT BE CAPITULATION,' SAYS FRANCE

    European Union foreign ministers meeting in Brussels were careful not to comment in too much detail about a U.S. peace plan that has not fully been made public. But they made clear they would push back against demands for punishing concessions from Kyiv, and said any deal must not deprive Ukraine of the ability to defend itself.

    "Ukrainians want peace - a just peace that respects everyone's sovereignty, a durable peace that can't be called into question by future aggression," said French Foreign Minister Jean-Noel Barrot. "But peace cannot be a capitulation."

    Polish Foreign Minister Radoslaw Sikorski said Ukraine, as the victim in the conflict, should not have restrictions imposed on its ability to defend itself.

    The EU foreign policy chief, Kaja Kallas, said any agreement must have the Europeans and Ukraine itself on board.

    The White House has not commented on the reported proposals. U.S. Secretary of State Marco Rubio said on X that Washington would "continue to develop a list of potential ideas for ending this war based on input from both sides of this conflict."

    "Ending a complex and deadly war such as the one in Ukraine requires an extensive exchange of serious and realistic ideas. And achieving a durable peace will require both sides to agree to difficult but necessary concessions," Rubio said.

    A U.S. Army delegation, led by Army Secretary Dan Driscoll and the Army's Chief of Staff Randy George, was in Kyiv and expected to meet Zelenskiy late on Thursday.

    They met Ukraine's top military commander Oleksandr Syrskyi late on Wednesday. Syrskyi said he told them the best way to secure a just peace was to defend Ukraine's airspace, extend its ability to strike deep into Russia and stabilise the front line.

    FOURTH WINTER APPROACHING

    With the fourth winter approaching of Europe's deadliest war in eight decades, Russian troops have been inching forward and are poised to finally capture their first substantial city in nearly two years, the ruined eastern railway hub of Pokrovsk.

    Russia, which launched a full-scale invasion of its neighbour in 2022, occupies almost a fifth of Ukraine, and says it will not end the war unless Ukraine cedes additional land, accepts permanent neutrality and cuts its armed forces.

    Ukraine says that would amount to capitulation and leave it unprotected should Russia attack again.

    After the early months, when Ukraine fended off a Russian assault on Kyiv and recaptured swathes of territory, the war has settled for three years into a relentless grind along a 1,000-km (621-mile) front line, with huge losses on both sides.

    A Ukrainian counterattack stalled in 2023, and since then Moscow has made slow but relentless progress, with the enemies separated across a charred no-man's land, hunting each other's forces down with drones.

    Russian forces now appear poised to capture Pokrovsk, once home to 60,000 people, their first big prize since early 2024.

    Moscow says that will lead to further battlefield gains, giving it no reason to halt fighting without big concessions. Kyiv says the Russian advances have only limited strategic significance but it lacks the capability to halt them.

    U.S. President Donald Trump, who returned to office this year vowing to swiftly end the war, has reoriented U.S. policy away from staunchly supporting Ukraine towards accepting some of Russia's justifications for its invasion.

    But he has also put pressure on Moscow to make concessions, announcing plans last month for a summit with President Vladimir Putin, only to cancel it a few days later after Moscow indicated it would not budge on its demands.

    He has imposed sanctions on Russia's two main oil companies, a step never taken by his more overtly pro-Ukrainian predecessor Joe Biden. Friday, November 21 is the deadline for foreign buyers of Russian oil to wind down their purchases.

    (Reporting by Brussels and Kyiv newsroomsWriting by Peter GraffEditing by Gareth Jones)

    Key Takeaways

    • •Europeans oppose US peace plan requiring Ukraine concessions.
    • •US plan includes territorial concessions and military curbs.
    • •EU ministers insist on a peace that respects Ukraine's sovereignty.
    • •Russia demands Ukraine cede land and reduce armed forces.
    • •US diplomacy accelerates amid Ukraine's military setbacks.

    Frequently Asked Questions about Europeans push back at US plan that would force concessions from Ukraine

    1What is a foreign exchange?

    Foreign exchange refers to the global marketplace for trading national currencies against one another. It is essential for international trade and investment, allowing businesses to convert one currency into another.

    2What is financial stability?

    Financial stability is a condition where the financial system operates effectively without major disruptions. It ensures that institutions can meet their obligations and that markets function smoothly.

    3What are capital markets?

    Capital markets are financial markets where long-term debt or equity-backed securities are bought and sold. They facilitate the raising of capital by connecting investors with businesses in need of funds.

    4What is economic growth?

    Economic growth is the increase in the production of goods and services in an economy over a period of time. It is typically measured by the rise in Gross Domestic Product (GDP).

    5What is an international financial institution?

    An international financial institution is an organization that provides financial support and advice for economic development projects in developing countries. Examples include the World Bank and the International Monetary Fund.

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