Following the inconclusive talks between Russia, the United States, and Ukraine in Abu Dhabi, Ukrainian President Volodymyr Zelensky disclosed that Russia and the U.S. are negotiating a bilateral economic agreement valued at approximately $12 trillion. This proposal reportedly includes provisions that could impact Ukraine.

According to a February 7 report, Zelensky stated that intelligence sources provided him with documents outlining a framework for U.S.-Russia economic cooperation. Zelensky referred to the plan as the "Dmitriev Proposal," named after Russian negotiator and head of the Russian sovereign wealth fund, Kirill Dmitriev.

The $12 trillion figure is more than four times Russia’s projected GDP for 2025.

U.S. President Donald Trump has previously indicated that Washington could offer sanctions relief and resume economic cooperation with Moscow if Russia agrees to end the conflict. However, Russian President Vladimir Putin has insisted that Russia will achieve its objectives in Ukraine by any means necessary.

Last year, Dmitriev collaborated with U.S. Special Envoy Todd Wittkoff and Trump’s son-in-law, Jared Kushner, to draft a "28-point peace plan." This plan included provisions for the gradual lifting of sanctions and the establishment of long-term economic development projects between Russia and Ukraine.

Despite support from European leaders and some Ukrainian lawmakers for tightening sanctions to cut off Russia’s war revenue and access to Western technology, Zelensky expressed concern over the bilateral discussions.

Based on meeting records released on the 7th, Zelensky told reporters during a briefing on the 6th, "We are not aware of all their bilateral economic or commercial agreements, but we are receiving some information on the matter."

"Various signals from media and other channels suggest that some of these agreements may involve issues related to Ukraine—such as our sovereignty or security," Zelensky stated. "We are making it clear: Ukraine will not support any potential agreements concerning our own issues that are made without our participation."

It was reported that Dmitriev presented the proposal to U.S. officials during a visit to the United States, though Zelensky did not specify the timing.

Zelensky’s comments come as negotiations to end the Russia-Ukraine conflict appear increasingly deadlocked, particularly over control of the Donetsk region in eastern Ukraine.

The U.S. has proposed establishing a "free economic zone" in Donetsk, while Putin demands that Ukraine cede the entire region, including areas not yet militarily occupied by Russian forces.

According to the meeting records, Zelensky also revealed that Washington has set a deadline to end the conflict "by June," anticipating that the U.S. "may pressure all parties according to this timeline."

Zelensky suggested that U.S. concerns are driven by the upcoming midterm elections later this year.

"We understand they will devote all their time to domestic affairs, including elections and shifts in public attitudes," Zelensky said. "For them, elections are undoubtedly more important. Let’s not be naive. They want to complete all tasks by June and will do everything possible to ensure the conflict ends by that time."

Separately, Reuters cited unnamed sources stating that U.S. and Ukrainian officials are also discussing a goal to reach an agreement by March, with national elections and a referendum on a proposed peace pact to be held in May.

"Americans are in a hurry," one source was quoted as saying, adding that U.S. negotiators have warned that Trump will shift his focus to election matters.

In recent weeks, officials from the U.S., Russia, and Ukraine held two rounds of meetings in Abu Dhabi in an attempt to reach a deal, but no breakthrough was achieved. Ukrainian negotiators, however, noted a noticeable improvement in the tone and substance of the talks.

Bloomberg reported that Zelensky indicated the most sensitive issues—primarily territorial disputes in eastern Ukraine and the fate of the Zaporizhzhia Nuclear Power Plant—remain unresolved. "Ukraine has reaffirmed our position on Donbas. Our stance remains consistent," Zelensky said.

He also revealed that Washington proposed an initial meeting of the parties in the United States within a week, likely in Miami, and that Ukraine has confirmed its participation. The next round of talks will address several issues, including how to monitor the line of contact after a ceasefire is agreed. Zelensky noted that Ukrainian military experts have reviewed the technical details and agreed that the U.S. should oversee the monitoring.

On the 6th, Zelensky added that Washington again suggested that Ukraine and Russia halt attacks on energy targets as a "gesture to de-escalate," a proposal Ukraine has accepted.

However, just hours after Zelensky’s remarks, Russian forces launched a large-scale attack on Ukrainian energy infrastructure, causing widespread power, heating, and water supply disruptions in western Ukraine.

The Russian Defense Ministry stated in a February 7 announcement that over the past 24 hours, its forces carried out a massive strike on Ukrainian military energy and transportation infrastructure using high-precision weapons, including Kinzhal hypersonic missiles, and claimed all designated targets were hit.

Ukrainian national energy grid operator Ukrenergo described the attack as the second major assault on the country’s energy system this year, with facilities in eight regions targeted.

In a post on X, Zelensky called the attack "a threat not only to Ukraine’s security, but to the common security of the entire region and Europe."

He wrote, "We believe that partners in the U.S., Europe, and other countries who desire peace must look at this issue with clear eyes and take appropriate action."