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U.S. Signals Revisions to Ukraine Peace Plan After Geneva Talks

European pushback challenges territorial concessions, rejecting a U.S. profit claim on frozen Russian assets.

Overview

  • U.S., Ukrainian and European officials met in Geneva on Nov. 23, with U.S. delegation leader Marco Rubio citing "big progress" and confirming the 28-point proposal will be revised as talks resume on Nov. 24.
  • The U.S. draft calls for ceding Donetsk and Luhansk to Russia, sharply reducing Ukraine’s military, and keeping Ukraine outside NATO.
  • European negotiators presented a parallel 28-point text that starts territorial discussions from the current contact line and scales back the depth of proposed force reductions.
  • President Volodymyr Zelensky said there are signs Washington is listening to Kyiv’s position, while chief of staff Andriy Yermak characterized the talks as advancing toward a fair, durable peace.
  • German Chancellor Friedrich Merz rejected a clause assigning the United States 50% of profits from frozen Russian assets and voiced doubts that a deal can be struck by President Trump’s Nov. 27 deadline.