Exclusive: Russia could concede $300 billion in frozen assets as part of Ukraine war settlement, sources say
Source: Reuters
Russia could agree to using $300 billion of sovereign assets frozen in Europe for reconstruction in Ukraine but will insist that part of the money is spent on the one-fifth of the country that Moscow's forces control, three sources told Reuters.
Russia and the United States held their first face-to-face talks on ending the Ukraine war on Feb. 18 in Saudi Arabia and both U.S. President Donald Trump and Russian President Vladimir Putin have said they hope to meet soon.
After Putin sent troops into Ukraine in 2022, the United States and its allies prohibited transactions with Russia's central bank and finance ministry, blocking $300-$350 billion of sovereign Russian assets, mostly European, U.S. and British government bonds held in a European securities depository.
While discussions between Russia and the United States are at a very early stage, one idea being floated in Moscow is that Russia could propose using a large chunk of the frozen reserves for rebuilding Ukraine as part of a possible peace deal, according to three sources with knowledge of the matter.
Read more: https://www.reuters.com/world/europe/russia-could-concede-300-bln-frozen-assets-part-ukraine-war-settlement-sources-2025-02-21/
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As part of the 'peace deal', Russia would be given $300 billion to help cement its control over/occupation of Ukraine?
Putin wouldn't be able to believe his luck.
The plan was always to turn the frozen assets over to Ukraine for relief and rebuilding. I thought Biden had already begun that process while he was still in office. But now, Chump is saying that Ukraine "might" get some of it!
