The U.S. plan contains many of Russian President Vladimir Putin's longstanding demands, including Ukrainian territorial concessions, while offering limited security guarantees to Ukraine.

(Reuters) -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.S.-backed plan to end the war. An index of aerospace and defence companies was last down 2.6%.

European defence shares fell to their lowest since early September on Friday, as reports about a U.S.-backed deal to end the war in Ukraine pushed traders out of one of the region's best-performing sectors this year.

At least 10 people were killed in the western Ukrainian city of Ternopil when a Russian missile hit a residential building, a Ukrainian official said.

A major security scare gripped Eastern Europe after Poland, a NATO nation, scrambled fighter jets in the early hours of November 18 amid an intense Russian aerial assault on Ukraine’s western regions bordering Poland.