The 28-point proposal would require Kyiv to surrender territory, reduce the size of its army and relinquish some weaponry, according to officials familiar with the proposal.

"This must be a plan that ensures a real and dignified peace," Ukraine's President Volodymyr Zelenskyy said about the Trump administration's 28-point proposal.

European defence shares fell to their lowest levels since early September on ​Friday, after Ukrainian President Volodymyr Zelenskiy said he ‌was ready for "honest" work on a U. An index of aerospace and defence companies was last down 2.

The market is starting to price in the possibility the prospect of Russia-Ukraine peace, albeit tentatively, based on trading in leading European companies involved in construction. Prysmian and Volvo,

Defence research and development spending in the EU has risen by 90% over the past five years. Experts link this surge to Russia’s invasion of Ukraine. View on euronews