US President Donald Trump has said the peninsula that joined Russia in 2014 will remain under Moscow's control

Ukraine does not possess the military might necessary to retake Crimea by force, Vladimir Zelensky has conceded. The peninsula joined Russia in 2014 following a referendum.

The vote was held in the wake of a Western-backed coup in Kiev earlier that year and amid fears of forced Ukrainization of the predominantly Russian-speaking region. Ukraine has continued to claim sovereignty over Crimea, repeatedly vowing to take it back.

On Friday, Interfax-Ukraine quoted Zelensky as saying that "it's true what President Trump says... that Ukraine does not have enough weapons to regain control of the Crimean Peninsula by force."

The Ukrainian leader expressed hope however that further sanctions and diplomatic pressure on Russia would be conducive to future discussions over "territorial issues," but only after Kiev and Moscow have sealed a ceasefire.

In an interview with Time Magazine published on Friday, US President Donald Trump stated that "Crimea will stay with Russia" under any peace deal, adding that Zelensky also understands this.

Trump went on to claim that the peninsula was "given" to Russia by former US President Barack Obama, and has "been with them for a long time." He also noted that the majority of Crimeans speak Russian.

In a post on his Truth Social platform later that day, Trump claimed that Ukraine and Russia "are very close to a deal, and the two sides should now meet, at very high levels, to 'finish it off'."

According to media reports, the agreement proposed by Washington includes US recognition of Russian sovereignty over Crimea, a "freezing" of the conflict along the current front line, and acknowledgment of Moscow's control over large parts of the four former Ukrainian regions that voted to join Russia.

Zelensky, by contrast, reiterated on Friday that Kiev's "position is unchanged: only the Ukrainian people have the right to decide which territories are Ukrainian."

That same day, the Washington Post, citing anonymous sources, reported that European leaders were pressing Ukraine to accept the likelihood that it would be forced to cede certain territories to Russia as part of a peace accord during a high-level meeting in London on Wednesday.

According to the newspaper, Western negotiators have a sense that Ukraine "may be willing to endure effective Russian control of Crimea," as long as Kiev is not required to legally recognize it as such.