Russia peace proposal is not about temporary ceasefire, but for completely ending the conflict Putin says West’s ‘theft’ of Russia’s assets will not go unpunished MOSCOW: President Vladimir Putin said on Friday that Russia would cease fire and enter peace talks if Ukraine dropped its NATO ambitions and withdrew its forces from four Ukrainian regions claimed by Moscow. Putin said Russia was ready to guarantee the safe withdrawal of Ukrainian units in order to enable this to happen. He was speaking on the eve of a summit in Switzerland where more than 90 countries and organizations are due to discuss a possible path toward peace in Ukraine. Russia has not been invited and says the gathering is a waste of time. Russia controls nearly a fifth of Ukrainian territory in the third year of the war, and Ukraine says peace can only be based on a full withdrawal of Russian forces and the restoration of its territorial integrity. President Vladimir Putin also said that the West’s seizure of Russian sovereign assets was theft and would not go unpunished. Putin, speaking at a meeting with Foreign Ministry officials, said the way the West had treated Moscow showed that “anyone” could be next and fall victim to a similar Western asset freeze. Putin spoke a day after the leaders of the Group of Seven major democracies agreed on an outline deal to provide $50 billion of loans for Ukraine using interest from Russian sovereign assets frozen after Moscow sent tens of thousands of troops into Ukraine in 2022 in what it called a special military operation.