Russia will seek a peace deal in Ukraine that safeguards its own long-term security and will not retreat from the gains it has made in the conflict, President Vladimir Putin said on Thursday in comments to relatives of soldiers killed there.

Claims of a peace deal between Ukraine and Russia actually repeat key parts of a proposed U.S.-Ukraine agreement for sharing revenue from Ukraine's natural assets, including minerals. This agreement is not a peace deal but would bring Americans to Ukraine and give the U.S. a vested interest in peace in the country.