European nations, in cooperation with Ukraine, are working on a 12-point proposal to end the war with Russia along the current front lines, countering renewed demands from Russian President Vladimir Putin that Kyiv surrender part of its territory in exchange for a peace deal.

The proposed plan calls for the return of all deported Ukrainian children and the implementation of a prisoner exchange, while Kyiv would, in return, receive security guarantees, funding to repair war damage, and a fast-track path to European Union membership.

The plan also includes a gradual lifting of sanctions on Russia, though roughly $300 billion in frozen Russian central bank reserves would not be returned to Moscow until it agrees to contribute to Ukraines postwar reconstruction.