According to European and Ukrainian officials cited by the Wall Street Journal, Russian President Vladimir Putin has presented the Trump Administration with a sweeping new ceasefire proposal for Ukraine, demanding significant territorial concessions from Kyiv—along with international recognition of Russia’s claims—in exchange for halting the war.

During a meeting in Moscow earlier this week with U.S. Special Envoy Steve Witkoff, Putin reportedly offered to agree to a full ceasefire if Ukraine withdrew its forces from the entirety of Donetsk Oblast. This would leave Russia in control of Donetsk, Luhansk, and Crimea—territories it insists must be recognized globally as part of the Russian Federation. The proposal marks a notable shift from Moscow’s earlier demands, which had included control over additional eastern regions, Ukrainian neutrality, an end to arms shipments to Kyiv, and a ban on NATO or U.S. troop deployments in Ukraine.

European officials say the plan outlines two phases. In the first, Ukrainian troops would withdraw from Donetsk and the current battlelines in Eastern Ukraine would be frozen. In the second, Putin and U.S. President Donald Trump would reach a final peace agreement, to be formally negotiated with Ukrainian President Volodymyr Zelensky.

However, European and Ukrainian officials briefed by Trump and Witkoff this week expressed concern that Putin’s offer may be a calculated maneuver to stave off a new wave of U.S. sanctions and tariffs on Russia, which were set to be announced Friday.