After a new round of shuttle diplomacy, Russia has made a new offer to Ukraine. It’s obviously worse than what was reportedly on offer in Istanbul in 2022 at the start of the war. Which itself was worse than what the Minsk II arrangements were.

Basically, the maximalist position Russia laid out in June 2025, a 31-point list including territorial cession of 20 percent of Ukraine, neutrality, and an 80........

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