Putin Hints at Ukraine Territory Swap, Demands Full Donbas

• Putin told businessmen Russia might swap territory in Ukraine but insists on full control of Donbas, Kommersant reported.
• Ukrainian President Zelenskiy stated no common ground was found with the US on ceding Donbas or the Zaporizhzhia nuclear plant.
• Putin's 2024 peace conditions include Ukraine withdrawing from Donbas, Zaporizhzhia, Kherson, and renouncing NATO.
• Discussions included potential joint Russian-US management of the Zaporizhzhia NPP and US interest in crypto mining there.

Why It Matters: Putin signals conditional openness to a Ukraine territory swap, prioritizing full Donbas control.