European Union’s foreign policy chief said Friday that the possibility of Ukraine ceding land to Russia as part of a peace deal to end their three-year war is “a trap” set by Russian President Vladimir Putin.

In the most detailed Russian-based reporting to date on Putin's offer at the summit, Reuters was able to outline the contours of what the Kremlin would like to see in a possible peace deal.

The European Union’s (EU) top diplomat Kaja Kallas said Friday that Russian President Vladimir Putin is “laughing” at President Trump’s efforts to broker a peace deal between Russia and Ukraine. Kallas,

Remember when the president said the E.U. would give him $600 billion that he could “do anything” he pleases with? That weird boast has now collapsed.

Over the last few weeks, President Trump has announced trade deals with a number of major trading partners, but details of the handshake agreements have been hard to come by. On Thursday, the White House spelled out some of the elements of its recent agreement with the European Union via a joint statement that serves as a “first step” toward formally defining new terms of trade between the massive economies.