The Wall Street Journal on what Trump's latest peace offering means for Russia and Ukraine:

The Trump Administration is making another run at ending the war in Ukraine, and a lasting peace with honor would be a laudable achievement. But for three years the only peace on offer has been Ukraine’s surrender, and the latest American offer — really, an ultimatum — is merely another dressed-up version.

The 28-point plan that was mooted in the press but became public on Thursday includes a reduction in Ukraine’s military and a cap on its manpower at 600,000, from about 900,000 now. It isn’t clear if foreign peace-keeping troops would be allowed on Ukraine’s soil or if it could maintain long-range weapons.

The deal hands Mr. Putin all of the Donbas in the east. He’d pocket the territory he’s al

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