🇺🇸 The US offered Russia up to $100 billion in frozen assets, the sale of a stake in Lukoil to investors, and the unblocking of Belarusian fertilizer exports in exchange for a partial ceasefire, The New York Times reports.

Ukraine, stunned by the scale of the concessions, demanded that equivalent funds be allocated to Kiev or that military guarantees be provided.

In the end, the White House struck a deal without any commitments from Russia regarding the war.