Putin’s sought ceasefire would mean Russia would keep the territories it illegally occupies in Ukraine, where the population is subject to abductions and summary executions. Ukraine laid out its 10-point “peace formula” in November 2022. One of the key points as a precondition for starting peace talks is the full withdrawal of Russian troops from Ukrainian territory.
Based on Russia’s history these last few decades, they simply want time to peacefully digest their current bite before heading back to the table for more.