Sanctions on oil from Russia will be lifted and reparations will be paid to Ukraine for loss of life and property
Trump's guy says it will be more than just oil sanctions, but likely banking sanctions as well. In the end, if we do a peace deal with each other - it will be a total lifting of all sanctions. That seems far fetched, since I don't think Ukraine will ever sign a peace treaty.
Source: cnn.com/2024/11/29/europe/trump-new-ukraine-envoy-analysis-intl?cid=ios_app
Trump's Ukraine/Russia envoy - Kellogg - rolled out his draft peace plan a couple of months ago in a paper written for the America First Policy Institute.
People in Russia and Ukraine have been studying it, ever since his appointment last week. So far, it looks like it's much more favorable to us than it is for Ukraine.
Broken down in its component pieces, with direct quotes from a recent CNN article covering his plan:
1) The plan says it should become "a formal US policy to seek a ceasefire and negotiated settlement."
2) It says future US aid - likely given as a loan - will be conditioned on Ukraine negotiating with Russia.
3) The frontlines would be frozen by a ceasefire, and a demilitarized zone imposed. For agreeing to this, Russia would get limited sanctions relief.
4) Full relief only when a peace deal is signed that is to Ukraine's liking.
5) A levy on Russian energy exports would pay for Ukraine's reconstruction.
6) Ukraine would not be asked to give up on reclaiming occupied territory, but it would agree to pursue it through diplomacy alone. It accepts "this would require a future diplomatic breakthrough which probably will not occur before Putin leaves office."
P.S. Technically, we don't have a peace treaty with Japan, because Japan doesn't want to recognize our control of the Kuril Islands and South Sakhalin. This hasn't really affected life in any way.