Vladimir Putin is open to discussing a Ukraine ceasefire deal with Donald Trump but rules out making any major territorial concessions and insists Kyiv abandon ambitions to join NATO, five sources with knowledge of Kremlin thinking told Reuters.

Putin has ruled out any significant territorial concessions and demands that Kyiv abandon its NATO membership ambitions.

While pressure is mounting on the incoming administration, the screws are tightening on Moscow, whose war expenditures are sending the economy down