Russian President Vladimir Putin has in recent weeks publicly hinted that he would be open to discussions to end the war in Ukraine on Moscow’s terms, as Kyiv’s military momentum stalls.

       The outlines of a deal the Russian leader likely wants can be seen in a draft peace treaty drawn up by Russian and Ukrainian negotiators in April 2022, about six weeks after the start of the war. Western officials and analysts say those objectives remain largely unchanged after two years of fighting: Turn Ukraine into a neutered state permanently vulnerable to Russian military aggression.

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