Zelenskiy first announced his peace formula at a November summit of the Group of 20 major economies. It calls for restoring Ukraine's territorial integrity, the withdrawal of Russian troops and a cessation of hostilities, as well as the release of all prisoners and detainees, among other things.

The Kremlin on Monday (January 15) dismissed talks in Davos on Ukraine's peace proposals, saying nothing would be achieved because Russia was not part of the discussions.