The U.S. expects Ukraine’s response Wednesday to a peace framework that includes U.S. recognition of Crimea as part of Russia and unofficial recognition of Russian control of nearly all areas occupied since the 2022 invasion, sources with direct knowledge of the proposal tell Axios.

Why it matters: The one-page document the U.S. presented Ukrainian officials in Paris last week describes this as Trump’s “final offer.” The White House insists it’s ready to walk away if the parties don’t make a deal soon.