Vladimir Putin lays out terms for Ukraine ceasefire

Russia analyst Tatiana Stanovaya stated Mr Putin’s plan is a set of “maximalist” calls for that supply no concessions, timed to devalue the peace convention forward of it starting.

Mr Zelensky shall be attending Saturday’s summit close to Lake Lucerne, the place he’ll hope to point out he nonetheless enjoys huge worldwide assist.

The Swiss authorities has stated the purpose of the summit is “to offer a discussion board the place world leaders focus on paths in the direction of a simply and lasting peace in Ukraine, primarily based on worldwide regulation and the UN Constitution”.

Different attendees will embrace US Vice-President Kamala Harris, French President Emmanuel Macron, German Chancellor Olaf Scholz, Italian Prime Minister Giorgia Meloni and European Fee President Ursula von der Leyen.

Russia was not invited and China has stated it won’t attend with out Russia’s presence.

The peace summit comes after G7 leaders agreed to make use of curiosity from frozen Russian belongings to assist Ukraine combat invading Russian forces.

Some $325bn (£256bn) price of belongings had been frozen by G7 nations, alongside the EU, following Russia’s full-scale invasion of Ukraine in February 2022. The pot of belongings is producing about $3bn a yr in curiosity.

Below the G7 plan, that $3bn shall be used to repay the annual curiosity on a $50bn mortgage for the Ukrainians, taken out on the worldwide markets.

The cash shouldn’t be anticipated to reach till the top of the yr however is seen as a longer-term resolution to assist Ukraine’s battle effort and economic system.

On the sidelines of the G7 summit, the US and Ukraine additionally signed a 10-year bilateral safety deal, hailed by Kyiv as “historic”.