Putin proposed unfreezing $300B in assets

Putin proposed unfreezing part of the frozen assets worth 300 billion euros to allocate 1 billion to N. Trump's 'Peace Council' and restore territories following an international agreement. Approximately 5 billion euros of these funds are in the United States, the rest in Europe. According to the source, the decision could serve as an initiative aimed at supporting peace and reconstruction of affected regions.

At the beginning of 2022, the EU froze assets of Russian companies and individuals totaling about 300 billion euros in response to actions in Ukraine. These funds remain in foreign bank accounts and are still unavailable for use.

Context

International sanctions in 2022 led to the freezing of Russian assets in Europe and the United States.