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The new Trump plan to end the war in Ukraine would grant Russia parts of eastern Ukraine it does not currently control, in exchange for a U.S. security guarantee for Ukraine and Europe against future Russian aggression, a U.S. official with direct knowledge told Axios. Why it matters: Ukraine and its backers would see that as an enormous concession to Russia. The White House view, according to the U.S. official, is that Ukraine is likely to lose the territory anyways if the war continues and "therefore it is in Ukraine's interest to reach a deal now."

The U.S. has signalled to President Volodymyr Zelenskiy that Ukraine must accept a U.S.-drafted framework to end the war with Russia that proposes Kyiv giving up territory and some weapons, two people familiar with the matter said on Wednesday. The sources, who asked not to be identified because of the sensitivity of the matter, said the proposals included cutting the size of Ukraine's armed forces, among other things. Washington wants Kyiv to accept the main points, they said.

It looks like for the first time Washington is getting serious about ending the Ukraine war, now apparently offering territorial concessions. And the Trump White House is reportedly leaning on President Zelensky to accept, per the FT: “According to people with direct knowledge of the document, the draft plan would require Ukraine to cede the remainder of the eastern Donbas region — including land currently under Kyiv control — and cut the size of its armed forces by half.