European countries and Ukraine are reportedly collaborating on a 12-point peace proposal to end the conflict with Russia, with oversight by a commission led by Trump. The plan, as reported by sources, includes a ceasefire, repatriation of displaced Ukrainian children, a prisoner exchange, and security guarantees for Ukraine. It also outlines financial support for reconstruction and a path to EU membership. Sanctions on Russia would be lifted gradually, contingent on Russia's agreement to fund Ukraine's post-war rebuilding. Negotiations will address the governance of occupied territories, though legal recognition of these areas as Russian is not on the table.