Ukrainian President Volodymyr Zelensky disclosed on Wednesday the specifics of the new U.S.-backed initiative aimed at resolving the conflict with Russia. He indicated that the plan had been reached through discussions between negotiators from both Kyiv and Washington and has been submitted to Moscow for their input.

Zelensky noted that the plan would be complemented by additional agreements focused on security assurances and the rebuilding of Ukraine after the war, to be established between the U.S. and Ukraine.

Although he did not release a copy of the peace proposal, he outlined its main points during a press briefing with reporters in Kyiv.

Below is a translated excerpt from Zelensky’s explanation of the proposal, presented in a verbatim format.