The war would end along current battle lines

Trump administration 'Peace Board' would oversee

Ukraine would receive security guarantees and reconstruction funds

Sanctions on Russia would be gradually lifted

Russia has to contribute to Ukraine reconstruction funds

'No clear date' set for meeting between Trump and Putin 

The plan would end the war along current battle lines - a counter to Vladimir Putin's demand thatKiev surrender more territory in return for a peace deal. 

If adopted, the Trump administration would oversee implementation of the proposed plan, according to people familiar with the discussions. Assuming the ceasefire holds and both sides commit to halting further advances, there would be a prisoner exchange, as well as 'all deported children' (what?), while Ukraine would receive security guarantees and reconstruction funds, along with a pathway to rapidly join the European Union. 

In exchange, sanctions on Russia would be gradually lifted, and around $300 billion in frozen central bank reserves would be returned to Moscow - if the Kremlin agrees to contribute to Ukraine's post-war reconstruction.

Meanwhile, as noted below the Kremlin pushed back against CNN claims that a Trump-Putin meeting had been postponed, but acknowledged that no date has been set.

"We cannot postpone what has not been agreed upon," said Deputy Foreign Minister Sergei Ryabkov in a statement to TASS state news early Tuesday, adding "Everything is in progress, internal work is ongoing. As new information becomes available, we will keep you informed." 

Kremlin spokesman Dmitry Peskov echoed Ryabkov regarding the Trump-Putin summit in Budapest, saying "You can't postpone something that hasn't been agreed upon."