U.S. administration officials signaled Monday a peace deal between Russia and Ukraine may be closer than ever.

Ukrainian President Volodymyr Zelenskyy and 34 other countries have formally approved plans to create a compensation body for damages caused by Russia's invasion.

Under post-ceasefire guarantees provided by the United States and Europe to Ukraine, peacekeepers could in certain circumstances repel Russian forces, German Chancellor Friedrich Merz told ZDF public television in an interview,

Russian Deputy Foreign Minister Sergey Ryabkov told ABC News during an exclusive interview in Moscow on Monday that he believes the warring parties are close to a deal.

Two days of talks between President Volodymyr Zelensky and allies have brought some progress on security guarantees, but Russia remains opposed to any foreign forces in Ukraine.

Ukraine claims it has carried out the first successful combat strike by an underwater drone against a submarine, damaging a Russian Kilo-class boat in the Black Sea port of Novorossiysk and potentially removing a key cruise missile launch platform from the war.

Germany is ramping up its military operations amid security concerns over the Russia-Ukraine war. German Defense Minister Boris Pistorious talked about the rearming on "60 Minutes." Isaac Stanley Becker,