Vladimir Putin has expressed approval of a US proposal that aligns with several significant Russian demands.

Ukrainian President Volodymyr Zelenskyy, addressing his nation with a speech given outside his office—a setting reserved for important announcements—called for unity among Ukrainians and vowed never to betray his country.

He mentioned having reached an agreement with Vance to have their advisers collaborate in seeking a viable path to peace.

Umerov denied agreeing to any of the plan’s terms and said he had played only a technical role organising talks.

What’s in the proposed peace plan?

Sanctions against Russia would be gradually lifted, Moscow would be invited back into the G8 group of industrialised countries, and frozen Russian assets would be pooled in an investment fund, with the US given some of the profits.