The declaration, which the White House labeled as a joint statement between the U.S. and Ukraine, made clear that the two sides had work remaining to get to a final agreement but noted that they had agreed to “continue intensive work on joint proposals in the coming days.”

Secretary of State Marco Rubio says more work is needed to finalise a US-Ukraine deal that will then need Russia's agreement.

Ukraine did not react positively to the peace deal brokered through the U.S., prompting European leaders to craft a counter-offer.

US Secretary of State Marco Rubio said high-stakes talks in Geneva were “very worthwhile” and constituted the most productive day in “a very long time” on larger efforts to end the fighting.

Polish Prime Minister Donald Tusk said “it would be good to know for sure who is the author of the plan,” as tensions over elements that mirror long-standing Russian demands.

Oil prices slipped Monday, extending losses from last week, as Russia-Ukraine peace talks edged closer to a solution and the U.S. dollar strengthened.

Top European and Ukrainian envoys have met in Geneva ahead of talks with U.S. Secretary of State Marco Rubio about President Donald Trump's proposal to end Russia’s war on Ukraine.

The plan includes several red lines for Ukraine, including a massive reduction of its army and ceding territory to Russia that it has not yet conquered militarily.