Finance
Kremlin says European counter-proposal for Ukraine peace does not work for Russia
Published by Global Banking and Finance Review
Posted on November 24, 2025
2 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on November 24, 2025
2 min readLast updated: January 20, 2026
The Kremlin rejected a European counter-proposal to a U.S. peace plan for Ukraine, calling it unconstructive. Russia finds some U.S. plan points acceptable.
MOSCOW (Reuters) -The Kremlin on Monday said that a European counter-proposal to a U.S. 28-point peace plan for Ukraine was not constructive and that it simply did not work for Moscow.
The publication of the 28-point draft U.S. peace plan last week deepened concerns in Ukraine and among European powers that Russia's core demands on NATO, territory and the chronology of any peace deal had been accepted by Washington.
The European plan significantly changes the meaning and significance of key points on NATO and territory, according to a copy seen by Reuters.
"The European plan, at first glance... is completely unconstructive and does not work for us," Kremlin foreign policy aide Yuri Ushakov told reporters in Moscow.
President Vladimir Putin said on Friday that U.S. proposals for peace in Ukraine could be the basis of a resolution of the conflict but that if Kyiv turned down the plan then Russian forces would advance further.
Ushakov said that "not all, but many provisions of this (U.S.) plan seem quite acceptable to us." He added that some would require more detailed discussion however.
(Reporting by Vladimir Soldatkin; Writing by Guy Faulconbridge/Lucy Papachristou; editing by Andrew Osborn)
NATO, or the North Atlantic Treaty Organization, is a military alliance of countries from North America and Europe established for mutual defense against aggression.
Foreign currency refers to the money used in other countries, which is typically exchanged for local currency when traveling or conducting international trade.
In international relations, a territory is a defined geographical area that is recognized as belonging to a particular state or nation.
A financial institution is an organization that provides financial services, such as banks, credit unions, insurance companies, and investment firms.
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