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    1. Home
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    3. >Europe, Ukraine prepare new proposal to end Russia's war, diplomats say
    Headlines

    Europe, Ukraine Prepare New Proposal to End Russia's War, Diplomats Say

    Published by Global Banking & Finance Review®

    Posted on October 21, 2025

    3 min read

    Last updated: January 21, 2026

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    Tags:financial communityinternational organizationsCapital MarketsInvestment managementfinancial stability

    Quick Summary

    Europe and Ukraine are developing a new ceasefire proposal for Russia's war, emphasizing US involvement and current battle lines.

    Europe and Ukraine Develop New Ceasefire Proposal Amid Ongoing Conflict

    Overview of the Ceasefire Proposal

    PARIS/BRUSSELS (Reuters) -European nations are working with Ukraine on a new proposal for a ceasefire in Russia's war along current battle lines, four European diplomats said, mainly incorporating ideas already under discussion while pressing to keep the U.S. in a central role.

    Key Elements of the Proposal

    A senior European diplomat said the proposal included a reference to a peace board that would be chaired by U.S. President Donald Trump and would oversee the implementation of the proposed plan.

    Diplomatic Efforts and Challenges

    "It's an effort by the national security advisers to keep the United States on board," the diplomat said.

    Future Implications for Ukraine and Russia

    European leaders called on Washington on Tuesday to hold firm in demanding an immediate ceasefire in Ukraine, with present battle lines to serve as the basis for any future talks.

    The Russian government has long demanded that Ukraine agree to cede more territory before any ceasefire.

    Some 35 allies of Ukraine will meet on Friday in London for a summit among countries willing to provide long-term support to Kyiv. There is also a possibility that Trump will meet Russian President Vladimir Putin in the coming weeks.

    Three other diplomats also confirmed proposals were being prepared, with one saying the idea of a board was to model it on the U.S. 20-point plan in Gaza.

    Once both sides agree to a ceasefire, they would then engage in negotiations on territory but there would be no recognition of lands occupied by Russia as Russian, the senior diplomat said.

    "It's an effort we also did in May, in August. Russia shows no signs of a changed position," said another European diplomat.

    Asked whether this was a new push on old points, the diplomat said: "Somehow yes, with some more new elements," but gave no further details.

    The diplomats spoke on condition of anonymity because of the sensitivity of the issue.

    Bloomberg News first reported news of the work on a new proposal on Tuesday.

    The senior diplomat said the ideas were broadly a reflection of previous proposals put forward by European powers.

    Like in past proposals, there would be a return of all deported children to Ukraine and exchanges of prisoners.

    It would also call for security guarantees for Ukraine, including ensuring Ukraine had the strongest military possible, as well as financial assistance for reconstruction and a roadmap to EU entry.

    The senior diplomat said the proposal reiterated that EU sanctions against Russia would be lifted gradually in line with Russia meeting its commitments, but would also siphon off some of Russia's frozen assets to fund a portion of reparations payments to Ukraine.

    "(That) would be a non-starter for Russia," the diplomat said.

    (Reporting by John Irish in Paris, Lili Bayer and Andrew Gray in Brussels and Rishabh Jaiswal in Bengaluru; Editing by Sharon Singleton and Edmund Klamann)

    Table of Contents

    • Overview of the Ceasefire Proposal
    • Key Elements of the Proposal
    • Diplomatic Efforts and Challenges
    • Future Implications for Ukraine and Russia

    Key Takeaways

    • •Europe and Ukraine are crafting a new ceasefire proposal.
    • •The proposal includes a peace board chaired by the US President.
    • •European leaders urge the US to demand an immediate ceasefire.
    • •Russia demands Ukraine cede more territory for a ceasefire.
    • •The proposal includes security guarantees and financial aid for Ukraine.

    Frequently Asked Questions about Europe, Ukraine prepare new proposal to end Russia's war, diplomats say

    1What are diplomatic efforts?

    Diplomatic efforts refer to actions taken by countries or representatives to resolve conflicts, negotiate treaties, or improve relations through dialogue and negotiation.

    2What is a peace board?

    A peace board is a proposed committee or organization tasked with overseeing the implementation of peace agreements and ensuring compliance by involved parties.

    3
    What is financial assistance for reconstruction?

    Financial assistance for reconstruction refers to funds provided to support rebuilding efforts in areas affected by conflict or disaster, aimed at restoring infrastructure and services.

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