Ukrainian President Volodymyr Zelensky has said a peace agreement to end the war with Russia is '90% ready', in a New Year address that largely focused on resistance to Moscow's full-scale invasion.

Zelensky stated that the remaining 10% of the agreement, crucially determining the fate of peace for both Ukraine and Europe.

In a concurrent New Year message, Russian President Vladimir Putin emphasized military success and continued support for his troops, presenting a contrasting view to Zelensky's focus on peace.

Earlier in the week, Russia released allegations that Ukraine had used drones to target Putin's personal residence, claims Kyiv has denied, adding to the tension between the two nations.

In his address, Zelensky articulated Ukraine's desire for peace not at the cost of sovereignty, rejecting terms that would lead to a withdrawal from contested regions such as Donbas. The fate of this area remains pivotal as Russia seeks to secure full control in any peace talks.

In light of rising tensions, Zelensky welcomed renewed peace negotiations involving U.S. and European officials, with pledges of military support and guarantees from allies.

French President Emmanuel Macron has indicated that European leaders are set to meet to articulate security commitments aimed at ensuring a lasting peace for Ukraine.

Despite Zelensky's push for progress, the Kremlin's hardline stance, particularly concerning Donbas, complicates the possibility of reaching a mutual agreement.