Vladimir Putin has agreed to stop key Ukraine airstrikes on the country's major infrastructure after speaking with President Donald Trump this afternoon - although the Russian has defied an immediate ceasefire deal.
The Russian President has ordered his military to halt strikes on specific targets for 30 days.
He also agreed to a prisoner swap deal after the hour and a half discussion with the US President.
After the call, the Kremlin announced that the meeting included a "detailed and frank exchange of views" on the Ukraine war.
Moscow also "confirmed [Putin's] fundamental commitment to a peaceful resolution" which was "comprehensive, sustainable, and long-term".
The Kremlin had emphasised one of the President's key conditions to mediate the conflict via political and diplomatic methods would require military aid to be completely paused as well as the end of intelligence sharing with Kyiv.
Tomorrow, Moscow and Kyiv will exchange 175 prisoners of war and transfer 23 seriously injured Ukrainian soldiers from Russia.
LATEST DEVELOPMENTS:
Sharing an update on the latest discussions, White House Press Secretary Karoline Leavitt said that the leaders "spoke about the need for peace and a ceasefire in the Ukraine war", adding that both sides hope for better relations between the US and Russia.
"The blood and treasure that both Ukraine and Russia have been spending in this war would be better spent on the needs of their people.
"This conflict should never have started and should have been ended long ago with sincere and good faith peace efforts," the statement added.
The White House has added that fresh peace talks will commence in the Middle East.
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The Russian President has ordered his military to halt strikes on specific targets for 30 days.
He also agreed to a prisoner swap deal after the hour and a half discussion with the US President.
After the call, the Kremlin announced that the meeting included a "detailed and frank exchange of views" on the Ukraine war.
Moscow also "confirmed [Putin's] fundamental commitment to a peaceful resolution" which was "comprehensive, sustainable, and long-term".
The Kremlin had emphasised one of the President's key conditions to mediate the conflict via political and diplomatic methods would require military aid to be completely paused as well as the end of intelligence sharing with Kyiv.
Tomorrow, Moscow and Kyiv will exchange 175 prisoners of war and transfer 23 seriously injured Ukrainian soldiers from Russia.
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Sharing an update on the latest discussions, White House Press Secretary Karoline Leavitt said that the leaders "spoke about the need for peace and a ceasefire in the Ukraine war", adding that both sides hope for better relations between the US and Russia.
"The blood and treasure that both Ukraine and Russia have been spending in this war would be better spent on the needs of their people.
"This conflict should never have started and should have been ended long ago with sincere and good faith peace efforts," the statement added.
The White House has added that fresh peace talks will commence in the Middle East.
MORE TO FOLLOW...
Find Out More...