MOSCOW - Kremlin spokesperson Dmitry Peskov announced Wednesday that work on a memorandum for a potential Russia-Ukraine peace agreement is actively progressing.

Speaking at a press briefing, Peskov noted that much of the work remains confidential "for obvious reasons." He emphasized Russia's openness to efforts from any country willing to contribute to resolving the Russia-Ukraine conflict.

Peskov added that the location for further negotiations between Russia and Ukraine has not yet been determined. Meanwhile, Russia is working to implement a prisoner exchange agreement involving 1,000 captives, which was reached with Ukraine in Istanbul, Turkiye.

On Monday, Russian President Vladimir Putin held a phone call with US President Donald Trump, during which they agreed that Russia would propose and prepare a draft memorandum to outline a potential peace agreement with Ukraine. The memorandum is expected to address key issues, including principles for resolving the crisis, a timeline for a possible peace deal and conditions for a temporary ceasefire.

After his own conversation with Trump on Monday, Ukrainian President Volodymyr Zelensky reiterated that Ukraine would not compromise on territorial issues or withdraw from its territory. He urged Trump to ensure that no decisions regarding Ukraine are made without Kyiv's involvement, describing this as a critical principle for Ukraine.