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Core Points - The article discusses a revised "peace plan" drafted by the UK, France, and Germany aimed at countering a previous proposal from the US, focusing on substantial security guarantees for Ukraine [1] - The European proposal rejects US terms regarding limitations on Ukraine's military and territorial concessions, highlighting significant transatlantic disagreements on conflict resolution [1] - The plan suggests that Ukraine should receive security guarantees similar to NATO's Article 5 from the US, and proposes a military personnel cap of 800,000 for Ukraine during peacetime, which is higher than the US's suggested cap of 600,000 [2] Group 1: Security Guarantees - The core demand of the European allies is for the US to provide a security guarantee that mirrors NATO's collective defense clause, which would obligate the US to respond to any further aggression against Ukraine [2] - The proposal emphasizes that discussions on territorial exchanges can only occur after a complete cessation of hostilities along the current front lines [3] Group 2: Territorial Negotiations - The European stance is firm against any preemptive recognition of territories as "de facto Russian territory," rejecting US suggestions for Ukraine to withdraw from certain areas [3] - The European leaders, along with G7 members, have publicly dismissed the notion that Ukraine's borders could be reduced or that its military capabilities should be limited [3] Group 3: Economic Compensation and Asset Management - There is a significant divergence between US and European proposals regarding the use of frozen Russian assets, with the US suggesting investment in reconstruction while Europe insists these assets remain frozen until full compensation is made to Ukraine [4] - The European proposal includes a phased lifting of sanctions if Russia complies with the agreement, allowing for a gradual reintegration into the global economy [5] Group 4: Ongoing Diplomatic Efforts - Diplomatic discussions are ongoing, with a meeting scheduled in Geneva involving US, Ukrainian, and European security advisors to draft a proposal that includes Russian participation [6] - Despite clear differences, there is a constructive atmosphere in negotiations, with some elements of the US proposal being acceptable to European leaders [6]