Europe's proposed changes to "peace plan" concern security guarantees and frozen Russian assets – Bloomberg

Bloomberg has found that Ukraine and its European allies are proposing revisions to the US "peace plan", focusing on future security guarantees for Ukraine and the use of frozen Russian assets.

Source: Bloomberg, citing sources familiar with the matter, as reported by European Pravda

Details: Bloomberg reports that the European counter-proposal to the US plan includes, among other things, providing Ukraine with US security guarantees equivalent to those outlined in Article 5 of the North Atlantic Treaty.

Furthermore, the US would be compensated for providing such guarantees, although the format of this compensation is not specified.

Moreover, Kyiv's European partners propose that Russia's frozen assets be used to support Ukraine's recovery and compensate for the damage caused. These assets would remain frozen until Moscow agrees to such compensation, according to Bloomberg.

The draft prepared by European states also stipulates that any discussions on territory should take place only after a ceasefire in Ukraine, and that sanctions on Russia would be lifted gradually.

Background:

• Earlier, Ukraine said that negotiations have started in Geneva and that its delegation has met with representatives from the UK, Germany and France to discuss the "peace plan".
• A meeting between American and Ukrainian representatives on the plan has also been announced.
• German tabloid Bild reported that representatives of leading European countries will meet with US officials in Geneva on 23 November, as they disagree with at least four points of the Trump team's "peace plan".

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