The proposed peace plan to end Russia's devastating war in Ukraine is a capitulation to Russia, and it rewards an invading hostile country. Furthermore, the resultant plan gives Russia impetus to conduct future warfare to expand further west in Europe.

The plan calls for Russia to stop the war, but it would retain the land it occupied during the invasion, which is one fifth of Ukraine. Ukraine would have to reduce the size of its military. It would have to agree not to join NATO and not allow NATO troops on its territory. 

Ukraine would receive a guarantee from the U.S. for security protection, but the U.S. guaranteed protecting Ukraine in 1994 if Ukraine agreed to disarm its nuclear weapons and send them to Russia. Ukraine complied with the agreement, and Russia then proceeded to invade Ukraine in 2014 and 2022.

The peace plan includes lifting the sanctions on Russia thereby allowing Russia to resume world trade.

This peace plan reminds me of the Munich Agreement signed by Neville Chamberlain of Great Britian and Adolph Hitler of Nazi Germany on September 30, 1938, which included ceding part of Czechoslovakia to Hitler for his promise not to further expand in Europe. Subsequently from 1939 to 1944 Hitler invaded and occupied a large part of Europe.