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Ukraine, U.S. Hold Miami Talks on Security Guarantees and Up to €690 Billion Recovery Plan

A signing at Davos is possible if the sides settle remaining terms.

Overview

  • Kyrylo Budanov and Rustem Umerov lead the Ukrainian delegation in Florida for detailed talks with U.S. envoys including Steve Witkoff, Jared Kushner and, per Ukrainian statements, Army Secretary Dan Driscoll.
  • Kyiv says the package under discussion pairs security guarantees with a reconstruction and “prosperity” plan worth up to €690 billion, with a potential signing next week at the World Economic Forum in Davos if consensus is reached.
  • The negotiations build on a revised 20‑point framework coordinated with European partners after a criticized 28‑point U.S. draft, while Moscow has rejected adjustments and separate U.S. contacts with Russia are expected to continue.
  • Russia struck energy facilities overnight in the Kyiv and Odesa regions, cutting power to more than 20 towns and to 56,000 households in Bucha, as authorities manage rolling outages and open heated public centers during subzero temperatures.
  • Kyiv reports gradual progress restoring district heating—about 50 residential blocks remain without heat—while Germany pledges €60 million for warmth and shelter and the UK adds £20 million for energy repairs, with an IAEA‑supervised ceasefire enabling work on a 330 kV line near Zaporizhzhia.