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The Question Hanging Over Peace Talks: What Will Putin Accept?

A U.S. proposal may cross a number of red lines for the Russian leader, who sees little to lose and much potentially to gain from continuing to fight.

© Nanna Heitmann for The New York Times

President Vladimir V. Putin in Moscow in 2024. For the Russian leader, holding out for a broader Ukrainian collapse could deliver hitherto unthinkable concessions.
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