After nearly a year of chaotic, stop-and-start efforts to broker a cease-fire in Ukraine, the Trump administration remains deeply involved in talks to stop the war. Unsurprisingly, the most vexing topic remains territorial concessions—in Trump-speak, “land swaps.” And until now, diplomats have not come up with anything likely to solve it. The discrepancy between the original pro-Russian 28-point plan that surfaced in November 2025 and the reworked Ukrainian-U.S.-European version speaks volumes about how far Ukraine and Russia remain from each another. The 28-point plan calls for international recognition of all currently Russian-held territory as well as marking the entirety of...