U.S. negotiators offered Russia three major economic incentives in exchange for a limited cease-fire covering energy infrastructure or maritime operations.

The proposals included releasing billions in frozen Russian sovereign assets, potentially reviving an earlier plan involving up to $100 billion.

Washington also revisited a multibillion-dollar deal to sell parts of Russian oil giant Lukoil to Middle Eastern investors, some with business ties to U.S. negotiators, and a proposal allowing Belarus to export potash.

Ukraine did not reject the proposals outright but demanded safeguards, including matching payments from frozen Russian assets to Ukraine and additional military aid if Moscow violated a truce.

Source: NYT