His offer for Ukraine is surrender. Ukraine would need to give up the 4 oblasts that Russia considers part of Russia, including their 2nd and 3rd largest cities.
Both 2nd and 3rd largest cities of Ukraine are outside of borders of 5 contested regions.
Only abovementioned 5 regions had referendums and therefore fall into "Russia considers part of Russia" category as they are really treated as Russian regions by Russian law. Any other regions of Ukraine are not, at least currently.