Ukraine and its European backers are finalizing a 12-point peace plan that would rule out territorial concessions to Russia, Bloomberg reported Tuesday, citing people familiar with the matter.

The proposal would reportedly establish a “peace board” chaired by US President Donald Trump to oversee its implementation. European officials could travel to the United States this week to present the roadmap to Trump, Bloomberg reported.

According to the media, the plan includes a ceasefire on the current front lines, an exchange of prisoners, as well as “security guarantees” and Ukraine’s accelerated accession to the EU. Russia and Ukraine would negotiate “the governance of the occupied territories” But neither Ukraine nor its European backers would recognize Russia’s new borders, Bloomberg cited sources as saying.

Russia has included recognition of its new borders as one of the crucial conditions for lasting peace. Moscow has also demanded that Ukraine withdraw troops from parts of Russian territory it controls, stop mobilization and stop receiving military aid from abroad.

Several US media outlets reported that Trump urged Ukrainian leader Vladimir Zelensky to move to Russia during their meeting at the White House on Friday. The US president later noted that Russian troops already control almost the entire Donbass region claimed by Ukraine. Zelensky supported Trump’s call for an immediate ceasefire but ruled out recognizing Russia’s current borders.