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Exclusive:
Putin, ascendant in Ukraine,
eyes contours of a Trump peace deal


MOSCOW, Nov 20 (Reuters) -

Vladimir Putin is open to discussing a Ukraine ceasefire deal with Donald Trump but rules out
making any major territorial concessions and insists Kyiv abandon ambitions to join NATO,
five sources with knowledge of Kremlin thinking told Reuters.

U.S. President-elect Trump, who has vowed to swiftly end the conflict, is returning to the
White House at a time of Russian ascendancy. Moscow controls a chunk of Ukraine about
the size of the American state of Virginia and is advancing at the fastest pace since the
early days of the 2022 invasion.

In the first detailed reporting of what President Putin would accept in any deal brokered by Trump,
the five current and former Russian officials said the Kremlin could broadly agree to freeze the
conflict along the front lines.
There may be room for negotiation over the precise carve-up of the four eastern regions of
Donetsk, Luhansk, Zaporizhzhia and Kherson, according to three of the people who all requested
anonymity to discuss sensitive matters.

While Moscow claims the four regions as wholly part of Russia, defended by the country's nuclear umbrella,
its forces on the ground control 70-80% of the territory with about 26,000 square km still held by
Ukrainian troops, open-source data on the front line shows.
Russia may also be open to withdrawing from the relatively small patches of territory it holds in
the Kharkiv and Mykolaiv regions, in the north and south of Ukraine, two of the officials said.

Putin said this month that any ceasefire deal should reflect the "realities" on the ground but that he
feared a short-lived truce which would only allow the West to rearm Ukraine.

"If there is no neutrality, it is difficult to imagine the existence of any good-neighbourly relations
between Russia and Ukraine," Putin told the Valdai discussion group on Nov. 7.
"Why? Because this would mean that Ukraine will be constantly used as a tool in the wrong hands
and to the detriment of the interests of the Russian Federation."

Two of the sources said outgoing U.S. President Joe Biden's decision to allow Ukraine to fire
American ATACMS missiles deep into Russia could complicate and delay any settlement - and stiffen
Moscow's demands as hardliners push for a bigger chunk of Ukraine. On Tuesday, Kyiv used the
missiles to strike Russian territory for the first time, according to Moscow which decried the move
as a major escalation.

If no ceasefire is agreed, the two sources said, then Russia will fight on.
"Putin has already said that freezing the conflict will not work in any way," Kremlin spokesman
Dmitry Peskov told Reuters hours before the Russians reported the ATACMS strikes. "And the missile
authorisation is a very dangerous escalation on the part of the United States."
The Ukrainian foreign ministry didn't immediately respond to a request for comment for this article.

Trump's communications director Steven Cheung told Reuters about the incoming U.S. president:
"He is the only person who can bring both sides together in order to negotiate peace, and work towards
ending the war and stopping the killing."
Real estate billionaire Trump, author of the 1987 book "Trump: the Art of the Deal", has said he would
speak directly to Putin in his efforts to forge a peace deal, though has given no details on how he might
reconcile the warring sides, which both show scant sign of backing down.

Ukrainian President Volodymyr Zelenskiy has said his country will not rest until every last Russian soldier
is ejected from its territory - based on the borders it gained after the 1991 fall of the Soviet Union - though
top U.S. generals have said publicly that this is a very ambitious aim.

On June 14, Putin set out his opening terms for an immediate end to the war, opens new tab:
Ukraine must drop its NATO ambitions and withdraw all of its troops from the entirety of the territory
of four Ukrainian regions claimed and mostly controlled by Russia.




SECURITY GUARANTEES, ARMY LIMITS




While Russia will not tolerate Ukraine joining NATO, or the presence of NATO troops on Ukrainian soil,
it is open to discussing security guarantees for Kyiv, according to the five current and former officials.

Other Ukrainian concessions the Kremlin could push for include Kyiv agreeing to limit the size of its
armed forces and committing not to restrict the use of the Russian language, the people said.

Dimitri Simes, who emigrated to the United States from the Soviet Union in 1973 and is one of Russia's
best-connected experts on America, said a ceasefire agreement could be struck relatively swiftly to end
the war, which has killed hundreds of thousands of soldiers and displaced millions of civilians.

But a wider, lasting deal that addressed both Ukraine and Russia's security concerns would be
extremely challenging to forge, he added.

"A grand bargain, in my view, would be very difficult to reach as the positions of the two sides are very far apart."



'HARSH TRUTH: RUSSIA IS WINNING'



Russia controls 18% of Ukraine including all of Crimea, a peninsula it annexed from Ukraine in 2014,
80% of the Donbas - the Donetsk and Luhansk regions - and more than 70% of the Zaporizhzhia and
Kherson regions. It also holds just under 3% of the Kharkiv region and a sliver of Mykolaiv.

In total, Russia has over 110,000 square km of Ukrainian territory. Ukraine holds about 650 square km
of Russia's Kursk region.

Domestically, Putin could sell a ceasefire deal that saw Russia hold onto most of the territory of
Donetsk, Luhansk, Zaporizhzhia and Kherson as a victory that ensured the defence of Russian speakers
in eastern Ukraine and safeguarded the landbridge to Crimea, according to one of the sources.

The future of Crimea itself is not up for discussion, all the Russian officials said.
One of the officials, a senior source with knowledge of top-level Kremlin discussions,
said the West would have to accept the "harsh truth" that all the support it had given Ukraine
could not prevent Russia from winning the war.

Putin, a former KGB lieutenant colonel who watched the Soviet Union crumble while stationed in Dresden,
took the decision to invade Ukraine himself with only limited counsel from a tiny group of trusted advisers,
10 Russian sources with knowledge of Kremlin thinking told Reuters.

He will likewise have the deciding voice on any ceasefire, according to the five current and former officials.
The Kremlin chief presents what he calls the "special military operation" in Ukraine as a watershed moment
when Moscow finally stood up to what he sees as the arrogance of the West which enlarged NATO eastwards
towards Russia's borders and meddled in the politics of what Moscow considers as its own backyard,
including Georgia and, crucially, Ukraine.

Kyiv and the West say the invasion was an attempt to grab sovereign Ukrainian territory.
When asked what a possible ceasefire might look like, two of the Russian sources referred to a draft agreement
that was almost approved in April 2022 after talks in Istanbul, and which Putin has referred to in public
as a possible basis for a deal.

Under that draft, opens new tab, a copy of which Reuters has seen, Ukraine should agree to permanent neutrality
in return for international security guarantees from the five permanent members of the U.N. Security Council:
Britain, China, France, Russia and the United States.

One of the Russian officials said there would be no agreement unless Ukraine received security guarantees, adding:
"The question is how to avoid a deal that locks the West into a possible direct confrontation with Russia one day."