In January 2026, Russian President Vladimir Putin received an updated version of a US-backed peace plan aimed at resolving the Ukrainian crisis. According to Bloomberg, which cited sources familiar with the matter, the document had been coordinated by the White House together with European partners.

The draft was delivered discreetly through Kirill Dmitriev, head of the Russian Direct Investment Fund. Bloomberg’s sources said the plan reached Putin earlier this month, giving the Kremlin time to review the proposal and prepare possible revisions ahead of a planned visit to Moscow by US President’s special envoy Steve Witkoff and Jared Kushner, Donald Trump’s son-in-law. Their trip to Russia is scheduled for January 22.

People familiar with the discussions told Bloomberg that the revised plan either failed to address several issues Moscow considers fundamental or presented them in language the Kremlin finds unacceptable. Even so, the Russian side reportedly viewed the very inclusion of these topics and the start of substantive work on them as a positive signal.

As a result, the updated US proposal was seen in Moscow as a meaningful step forward in the negotiating process.

Bloomberg had earlier reported in late December 2025 that the Kremlin intended to push for major changes to the American peace initiative. At the time, the agency said Moscow was seeking firm guarantees that NATO would halt further eastward expansion, clearer conditions for lifting sanctions against Russia, and a defined future status for the Russian language in Ukraine. Russia’s Foreign Ministry later dismissed that report as unreliable.