Ukraine counter-offer should be: a) full autonomy to Luhansk/Donetsk on the borders before the invasion; b) UN/OSCE controlled referendum for Crimea; c) neutrality but with some security guarantees (not that they matter for Russia, as we have seen).
Crimea is lost, but would be good if they can formally give it to Russia without losing face.
Crimea is lost, but would be good if they can formally give it to Russia without losing face.