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Exclusive: Russia could concede $300 billion in frozen assets as part of Ukraine war settlement, sources say - REUTERS

FEBRUARY 22, 2025

Summary

  • Russia may concede frozen assets for Ukraine reconstruction, sources say
  • Russia will demand some of the funds for territories it controls, sources says
  • US and Russian officials met in Riyadh, not clear if frozen funds discussed

MOSCOW, Feb 21 (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.

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