A 30-day ceasefire is necessary to initiate dialogue, but it won't be enough time for Russia to regroup, said Ukrainian President Volodymyr Zelenskyy at a press conference. According to him, this period is not sufficient for a full restoration of forces,

PARIS (Reuters) -French President Emmanuel Macron said on Tuesday he was in favour of imposing new sanctions on Russia in coming days if Moscow failed to agree to a ceasefire, mentioning financial services and oil and gas as possible targets.

Ukrainian President Volodymyr Zelenskyy comments mark the latest move in a weekend-long exchange of proposals from both sides on the next steps in the U.S.-led peace effort.

The announcement was made by leaders of Britain, France, Germany, Poland and Ukraine after a meeting in Kyiv, and a phone call with President Trump.

Moscow had discussed reviving the gas pipeline in talks with President Trump on improving economic ties with Washington.

The announcement coincided with the last day of a unilateral three-day ceasefire declared by Russia, which Ukraine says the Kremlin's forces have repeatedly violated.