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Russia would gain full control of Luhansk and Donetsk, though Ukraine still holds about 14.5% of the Donbas.
Demilitarized zones in parts of Donbas would bar Russian troop deployments.
Crimea and Donbas would be recognized internationally as Russian territory, though Ukraine would not be formally asked to accept this.
Ukrainian officials say the plan limits Kyiv's military size and long-range weapons in exchange for U.S. security guarantees.
Qatar and Turkey are actively involved in mediation, with senior officials participating in talks.
Kremlin spokesperson Dmitry Peskov said Moscow remains open to negotiations, blaming Kyiv for the pause in talks.
Planned trilateral talks in Ankara were postponed as Zelensky sought broader European involvement and faced domestic political turmoil.
