The Bizarre New Ukraine Peace Plan

The Timeline

One of the main architects behind the draft proposal is Kirill Dmitriev, the Kremlin-linked head of Russia’s sovereign wealth fund and a long-time Putin insider. Dmitriev travelled to Washington in late October, shortly after the U.S. hit Rosneft and Lukoil with major sanctions and scrapped a planned Trump–Putin meeting in Budapest amid rising frustration in the White House. Tensions peaked during a heated call between the countries’ senior diplomats. That exchange convinced Washington that Moscow had no real intention of negotiating. Witkoff, who reportedly recently met Ukraine’s national security chief Rustem Umerov in Miami to walk through the 28-point framework.

On November 19th Witkoff was meant to attend a trilateral meeting with Zelensky and the Turkish foreign minister in Ankara to advance the proposal, but it collapsed after Zelensky reportedly said he would not agree to such terms and instead floated an EU-crafted alternative that officials claimed “Russia would never accept”. However, Zelensky publicly denies this account, saying the meeting was postponed only to include European partners — and that he rejected nothing of the sort. The cancellation of the meeting was already making waves in the geopolitical space, but it was Axios who had revealed to us why – the 28 peace point plan. Once the story was leaked, no major Russian or US official would confirm the peace plan. On November 20th, Rubio jumped on X with a vague, half-formed statement that was quickly ridiculed by the internet.

To make matters even more bizarre, Witkoff (apparently thinking he was replying to a private DM) commented publicly under a post, hinting that the Axios leak supposedly came from someone with the euphemism “K.” Is K referring to Kiril or Kellogg? Just today, Keith Kellogg, the U.S. President’s special envoy to Ukraine and previously Russia, plans to resign in January 2026, citing workload issues and frustration that the administration refuses to acknowledge Russia is stalling peace talks. Kellogg has frequently clashed with fellow envoy Steve Witkoff. Kiril could have also leaked this to create division and confusion amongst Western allies.

Other Considerations

Siversk is under serious threat, Kupiansk heavily favours Russia, Pokrovsk and Myrnohrad are tightening, and the southern front is in freefall. The Epstein saga suggests Russia may be trying to leverage whatever relationship it has with Trump, fearing Republicans could lose influence and wanting to use him while they can. And to top it all off, this comes just days after one of the biggest Ukrainian corruption scandals in years was unearthed — a scandal that has hit Zelensky’s image hard at the worst possible moment.

European leaders have also argued, not unfairly, that this is just another Russian tactic to appear as though it’s pursuing peace. And if Moscow leaked this deliberately, it’s already doing exactly what it was designed to do.

PART 1 Of 2

This is a highly fluid and fast-moving story, and our aim today was simply to lay out the foundations of the absurdity surrounding this entire debacle before diving into the analytical side tomorrow. By then, we’ll likely have more clarity — and more information to work with.

News/Journal sources available upon request, not shown to maintain visual integrity of page.