The context of Russia's two Treaty proposals with the West just got unveiled without ambiguity by Sergey Karaganov in an article, titled "It’s not really about Ukraine", that got published yesterday by RT :
What is at stake is thus what kind of a world we are going to be living in tomorrow !"The security system in Europe, built largely by the West after the 1990s without a peace treaty having been signed after the end of the previous Cold War, is dangerously unsustainable.
... There are a few ways to solve the narrow Ukrainian problem ... But the task is wider: to build a viable system on the ruins of the present. And without resorting to arms, of course. Probably in the wider Greater Eurasian framework. "