Ukraine-US Peace Plan for Donbas
Analysis based on 39 articles · First reported Dec 24, 2025 · Last updated Dec 25, 2025
The proposed peace plan, if successful, could significantly reduce geopolitical tensions, leading to increased stability in European markets and potentially boosting investor confidence in Ukraine's reconstruction efforts. However, Russia's reluctance to withdraw troops and the unresolved territorial disputes in Donbas and the Zaporizhzhia Nuclear Power Plant create uncertainty, which could continue to weigh on energy markets and global supply chains.
Ukrainian President Volodymyr Zelenskyy has revealed a 20-point peace plan, developed with the United States, aimed at ending the war with Russia. The plan proposes the creation of demilitarized free economic zones in the Donbas region and around the Zaporizhzhia Nuclear Power Plant, contingent on Russian troop withdrawal and a national referendum in Ukraine. While Ukraine and the United States have reached consensus on most points, key issues like territorial control in Donbas and the management of the Zaporizhzhia Nuclear Power Plant remain unresolved. Russia has not indicated willingness to withdraw from seized territories and maintains its maximalist demands. The plan also includes strong security guarantees for Ukraine, mirroring NATO's Article 5, accelerated free trade agreements with the United States, and a global development package for Ukraine's reconstruction. Ukraine is also pushing for EU membership by a specific date and the release of all prisoners. The United States has proposed joint operation of the Zaporizhzhia Nuclear Power Plant with Ukraine and Russia, while Ukraine counters with a US-Ukraine joint venture. The plan is currently under review by Russia, with a response expected soon.
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