The draft US-Russia peace plan has been widely leaked, and it proposes to hand over areas of Ukraine's eastern Donbas region, which are still under Ukrainian control, to the de facto control of Vladimir Putin's Russia. Latest versions of the text also call for Ukraine to cut the size of its armed forces to 600,000 personnel. But what else is known about the text and who stands to benefit from it most?

Key Points of the Draft

There are 28 key points, with several that could be acceptable to Ukraine, though others appear vague and imprecise. Ukraine's sovereignty would be confirmed, and a total non-aggression agreement is proposed, alongside robust security guarantees for Kyiv. However, specifics on who would provide these guarantees remain unclear. The draft promises a robust military response if Russia invades Ukraine again.

Contentious Territory Handover

Among the most contentious proposals is the ceding of unoccupied territory in Donetsk and the limitation of Ukraine's military size. This includes a demilitarized zone which would be recognized as Russian territory, a significant demand that would not sit well with many Ukrainians.

Ukraine’s Strategic Future Without NATO

The draft outlines commitments that include Ukraine enshrining in its constitution a non-membership in NATO, while expressing eligibility for EU membership and access to European markets. This raises questions about sovereignty and Ukraine's future alliances.

Reintegration of Russia

Key elements focus on reintegrating Russia into the global economy and revisiting its membership in international forums, although this seems far from realization with ongoing sanctions.

Use of Frozen Russian Assets

The draft suggests utilizing $100 billion of frozen Russian assets for US-led rebuilding efforts in Ukraine. This appears to favor US interests while leaving the EU at a disadvantage regarding reconstruction costs.

What’s Missing from the Plan?

The plan notably lacks restrictions on Ukraine's military capabilities despite warnings against attacks on Russian cities. The document raises further questions, as its status as a definitive peace plan remains unconfirmed amidst international dialogues.

Concerns Over a Pro-Putin Bias

There are concerns that elements of the plan cater to Russia's narrative, particularly regarding the territorial issues. Commentators have critiqued the draft as potentially being tailored to appease Moscow, raising alarms in Ukraine and among its supporters.