Vladimir Putin and Donald Trump are close to agreeing a deal that would stop the war in Ukraine in return for Russia being able to hang on to territory seized during the invasion, sources say.

The agreement would reportedly see Ukraine cede the entire Donbas region, while withdrawing its military presence in the parts of Luhansk and Donetsk it still holds.

Such an outcome could be hailed as a win for Putin and Russia, which under the terms of the agreement, would in return end its attacks in Kherson and Zaporizhzhia.

Sources told Bloomberg that talks are still fluid with terms subject to change.

It comes as President Trump’s deadline loomed on Friday, two weeks after he threatened Russia with more sanctions if the Kremlin failed to make progress towards agreeing a settlement.

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