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Spain's €1 billion pledge and ceasefire talk

Summary
A look back at the diplomatic backdrop to 29 May 2024, as Madrid committed military aid and reports of a possible Russian ceasefire offer circulated.
What was the diplomatic picture for Ukraine on 29 May 2024? Two developments from the preceding days framed it: a new security commitment from Spain and reports about Moscow's possible interest in a ceasefire.
On 27 May 2024, Spanish Prime Minister Pedro Sánchez signed a bilateral security pact with Ukrainian President Volodymyr Zelenskyy. Spain also pledged €1 billion (US$1.1 billion) of military aid to Ukraine.
Three days earlier, on 24 May 2024, sources claimed that Russian President Vladimir Putin was interested in negotiating a ceasefire. According to those claims, such a deal would freeze the conflict at the current frontlines.
The two items pointed in different directions. One was a signed agreement with a concrete aid figure. The other was an unconfirmed account attributed to sources, with no stated terms beyond the freezing of the frontlines.