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    Home > Headlines > Zelenskiy ready for 'honest' work on US-backed plan as Europeans push back
    Headlines

    Zelenskiy ready for 'honest' work on US-backed plan as Europeans push back

    Published by Global Banking & Finance Review®

    Posted on November 20, 2025

    6 min read

    Last updated: January 20, 2026

    Zelenskiy ready for 'honest' work on US-backed plan as Europeans push back - Headlines news and analysis from Global Banking & Finance Review
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    Tags:Presidentfinancial crisisinternational organizationseconomic growthfinancial markets

    Quick Summary

    Zelenskiy is ready to work on a US-backed peace plan for Ukraine, facing European opposition to concessions to Russia.

    Zelenskiy Open to US-Backed Peace Plan, Faces European Pushback

    By Olena Harmash, Max Hunder and Gram Slattery

    KYIV/WASHINGTON (Reuters) -President Volodymyr Zelenskiy said after talks with a top U.S. Army official on Thursday he was ready for "honest" work with Washington on a plan to end the war in Ukraine, while European allies pushed back against punishing concessions to Russia.

    According to the U.S.-backed plan, seen by Reuters, Kyiv would be required to give up the entire Donbas region and significantly downsize its military, conditions long seen by Ukraine's allies as tantamount to capitulation.

    The plan says Ukraine would have to limit its army to 600,000 troops and that it would "receive robust security guarantees," without providing further details.

    It makes several concessions to Russia, including that Crimea, Luhansk and Donetsk will be recognized as de facto Russian by the United States and that Ukrainian forces will withdraw from part of the Donetsk region that they control.

    "This plan was drawn up immediately following discussions with one of the most senior members of President Zelenskiy's administration, Rustem Umerov, who agreed to the majority of the plan, after making several modifications, and presented it to President Zelenskiy," a senior U.S. official said.

    KYIV READY FOR 'CONSTRUCTIVE' WORK

    Zelenskiy, whose office said he had received a draft of the plan, said after meeting U.S. Army Secretary Daniel Driscoll in Kyiv that Ukraine and Washington would work together on elements of it.

    "Our teams - Ukraine and the USA - will work on the points of the plan to end the war," Zelenskiy wrote on Telegram. "We are ready for constructive, honest and prompt work."

    Zelenskiy's office did not comment directly on the content of the 28-point plan, which has not been officially published, but said he had "outlined the fundamental principles that matter to our people."

    "In the coming days, the President of Ukraine expects to discuss with President Trump the existing diplomatic opportunities and the key points required to achieve peace," it said.

    The plan seen by Reuters also states that a non-aggression agreement would be concluded between Russia, Ukraine and Europe.

    It says that NATO would neither expand further nor station troops in Ukraine and that Russia would be reintegrated into the global economy, with the lifting of sanctions "agreed upon in phases and on a case-by-case basis."

    Russia would be invited to rejoin the G8 and the United States would enter into an agreement with Moscow covering energy, natural resources, infrastructure, artificial intelligence, data centers and rare earth metals extraction in the Arctic.

    White House press secretary Karoline Leavitt told a news briefing that Secretary of State Marco Rubio and U.S. special envoy Steve Witkoff had been quietly working on the plan for about a month and that Trump supports the plan.

    "This plan was crafted to reflect the realities of the situation, after five years of a devastating war, to find the best win-win scenario, where both parties gain more than they must give," she said in a comment on Thursday evening after media outlets reported additional details from the plan.

    'PEACE CANNOT BE CAPITULATION,' FRANCE SAYS

    European Union foreign ministers meeting in Brussels earlier in the day did not comment in detail about the reported U.S. plan, but indicated they would not accept demands for Kyiv to make punishing concessions.

    "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."

    Zelenskiy's office said Driscoll had presented him with the plan only on Thursday, and several sources told Reuters and other media outlets that the plan was the fruit of backchannel conversations between Witkoff and Kirill Dmitriev, the special envoy of Russian President Vladimir Putin.

    In a message on X on Wednesday, Rubio said the U.S. "will continue to develop a list of potential ideas for ending this war based on input from both sides of this conflict" and that peace will require concessions from both Kyiv and Moscow.

    Zelenskiy, who met Driscoll alone and then met with the full U.S. delegation, agreed to move quickly towards agreement and the signing of a plan, said Colonel Dave Butler, U.S. army chief of public affairs.

    The United States, he said, wanted to ensure that this is "a good plan for the Ukrainian people."

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

    GENERAL SAYS RUSSIA CONTROLS KUPIANSK

    Moscow played down any new U.S. initiative.

    "Consultations are not currently under way. There are contacts, of course, but there is no process that could be called consultations," Kremlin spokesman Dmitry Peskov said.

    He said Russia had nothing to add beyond the position Putin laid out at a summit with Trump in August, adding that any peace deal must address the "root causes of the conflict," a phrase Moscow has long used to refer to its demands.

    With another winter approaching in the nearly four-year war, Russian troops occupy almost one-fifth of Ukraine and are slowly advancing while bombarding Ukrainian energy supplies and cities as the cold winter sets in.

    The Kremlin said Putin had visited the command post of the Russian forces' "West" grouping on Thursday, where he met the chief of Russia's general staff, Valery Gerasimov, and other top military brass.

    Gerasimov told Putin that Russian forces had taken control of the Ukrainian city of Kupiansk, a city Moscow sees as an important target in its westward push through central and eastern Ukraine.

    Ukraine's military denied Russian claims it controls Kupiansk in northeastern Ukraine or 70% of the ruined railway hub of Pokrovsk in eastern Ukraine.

    Reuters could not independently verify either statement, although video released by Russia's defence ministry on Thursday showed its troops moving freely through the southern part of Pokrovsk, patrolling deserted streets lined with charred apartment blocks.

    (Reporting by Brussels, Washington and Kyiv newsrooms; Writing by Peter Graff, Timothy Heritage, David Brunnstrom and Costas Pitas; Editing by Gareth Jones, William Maclean, Andrew Heavens, Cynthia Osterman and Edmund Klamann)

    Key Takeaways

    • •Zelenskiy ready to work with the US on a peace plan.
    • •Plan involves significant concessions to Russia.
    • •European allies oppose punishing concessions.
    • •Plan includes non-aggression agreement with Russia.
    • •US officials have been working on the plan for a month.

    Frequently Asked Questions about Zelenskiy ready for 'honest' work on US-backed plan as Europeans push back

    1What is military downsizing?

    Military downsizing refers to the reduction of armed forces personnel and resources, often as part of a strategic shift or peace agreement.

    2What is NATO?

    NATO, or the North Atlantic Treaty Organization, is a military alliance of countries from North America and Europe established for mutual defense against aggression.

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