On numerous occasions, Putin and his Kremlin colleagues have reaffirmed their conditions. These include Ukraine officially giving up its pursuit of NATO membership and agreeing not to enter into any military alliances with Western powers.
Kyiv is also expected to accept extensive limitations on the size of its armed forces and on the kinds of weapons systems it is allowed to possess.
These proposals are not a recipe for a sustainable settlement. On the contrary,
Putin’s peace plan is in fact a call for Kyiv’s complete capitulation. Moscow’s demands are deliberately designed to leave Ukraine internationally isolated and unable to defend itself. If these terms are imposed on the Ukrainian authorities, there can be little doubt that Putin would use any subsequent pause in hostilities to rearm before renewing the war in the coming years.
Source:
https://www.atlanticcouncil.org/blogs/ukrainealert/putins-peace-plan-is-actually-a-call-for-ukraines-capitulation/Keeping my fingers crossed for mr Trump to find a way to convince Putin to give up his conquests.