Economy June 29, 2026 06:29 AM

Kremlin Upholds 2024 Preconditions for Any Ukraine Peace Deal

Moscow reiterates demand that Kyiv withdraw from four regions and abandon NATO ambitions, and notes discussions with Belarus' leader

By Ajmal Hussain
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The Kremlin said Russia's conditions for a Ukraine peace agreement remain unchanged from President Vladimir Putin's 2024 statement, requiring Ukrainian forces to pull back from Donetsk, Luhansk, Kherson and Zaporizhzhia and to renounce NATO membership plans. Moscow also said Putin discussed the conflict and bilateral ties with Belarusian President Alexander Lukashenko during a recent meeting.

Kremlin Upholds 2024 Preconditions for Any Ukraine Peace Deal
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Key Points

  • Russia insists on 2024 preconditions requiring Kyiv to withdraw from Donetsk, Luhansk, Kherson and Zaporizhzhia and to abandon NATO membership plans - impacts geopolitical risk assessment, defence and energy markets.
  • Putin reiterated a battlefield objective of full control over the four regions and rejected a purported Ukrainian proposal to scale back hostilities - relevant to regional security and investor sentiment.
  • Kremlin said Putin and Belarusian President Lukashenko discussed the conflict, bilateral ties, trade cooperation and European security, including alleged attempts to provoke Belarus - this could affect trade and diplomatic channels.

The Kremlin on Monday confirmed that Russia's requirements for a peace settlement with Ukraine remain the same as those President Vladimir Putin set out in 2024. Kremlin spokesman Dmitry Peskov said Moscow continues to insist that Kyiv withdraw its forces from the four contested regions - Donetsk, Luhansk, Kherson and Zaporizhzhia - and publicly abandon plans to join NATO.

In a television interview over the weekend, President Putin reiterated Russia's ongoing battlefield objective of full control over those four regions. He also rejected what he described as a new Ukrainian proposal aimed at reducing hostilities in the war that has lasted more than four years.

According to Putin's account in the interview, Kyiv had put forward the idea of a mutual halt to long-range strikes and proposed that fighting be confined to the four regions. Russia regards those territories as its own, while Ukraine rejects that characterization and views the situation as an illegal seizure of land.

The office of Ukrainian President Volodymyr Zelenskiy did not answer a request for comment on Putin's remarks that was sent in late-night hours in Ukraine.

Peskov also said on Monday that Putin and Belarusian President Alexander Lukashenko spoke about the conflict during a weekend meeting. The two leaders discussed a range of issues including the war, bilateral relations, trade cooperation and European security. The Kremlin said the talks covered what it described as attempts to provoke Belarus.

The Kremlin's restatement of the 2024 conditions leaves the publicly stated negotiating positions unchanged. Moscow's insistence on withdrawal from the four regions and on Kyiv's abandonment of NATO aspirations preserves the same preconditions that Putin articulated in 2024, while recent comments signal a continued focus on the battlefield objective of control over those territories.


Context summary

  • Russia reaffirmed its 2024 demands that Ukraine pull forces back from Donetsk, Luhansk, Kherson and Zaporizhzhia and renounce NATO membership plans.
  • Putin said he would press on with the goal of fully controlling the four regions and dismissed what he called a Ukrainian proposal to limit hostilities.
  • The Kremlin reported that Putin and Belarusian President Lukashenko discussed the war, trade cooperation and European security at a weekend meeting.

Risks

  • Continued impasse over core negotiating demands could prolong hostilities - risk affecting defence spending, energy supply stability and regional market volatility.
  • Rejection of a Ukrainian proposal to limit strikes and Putin's stated objective of control over the four regions raises the prospect of sustained conflict intensity - risk to investor confidence and supply chains in affected sectors.
  • Tensions involving Belarus described by the Kremlin as provocation introduce additional uncertainty for European security and trade cooperation - risk to cross-border commerce and regional diplomatic relations.

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