Europe's Plan: A 12-Point Path to Peace in Ukraine

European nations are collaborating on a 12-point proposal to bring peace to Ukraine, as reported by Bloomberg News. The plan includes ceasefires, security guarantees, and EU membership for Ukraine. Sanctions on Russia would be lifted gradually, but reserves remain frozen until Moscow assists in reconstruction.

European leaders are actively engaged with Ukraine in crafting a 12-point proposal aimed at ending Russia's ongoing conflict along current battle lines, according to a Bloomberg News report on Tuesday. The plan suggests a peace oversight board chaired by U.S. President Donald Trump.

The proposal indicates that Ukraine would get security guarantees and financial support for war damages, alongside a fast-tracked path to EU membership. The agreement envisions returning deported children and exchanging prisoners once both sides agree to a ceasefire and stop territorial advances.

Negotiations would address the governance of occupied areas without recognizing them as Russian. Sanctions on Russia would be eased gradually, but $300 billion in frozen reserves would be reclaimed only when Moscow aids Ukraine's reconstruction, with sanctions returnable if aggression resumes.

(With inputs from agencies.)