Financial Times: Washington Proposes Europe Release Part of Frozen Russian Sovereign Assets and Transfer Them to a "U.S.-Controlled Fund"; Proposal, Put Forward by Witkoff and Kushner to Revive Ukraine Peace Talks, Meets European Opposition

The United States has proposed that European countries release part of Russia's frozen sovereign assets and transfer them to a fund under U.S. control, a move raised within efforts to revive peace negotiations over Ukraine.

The Financial Times wrote: The United States has proposed that European countries release part of Russia's frozen sovereign assets and transfer it to a fund controlled by the United States; An action that has been proposed in the framework of efforts to revive peace talks about Ukraine.

According to the selection report, this proposal, which was presented by Steve Wittkauf, the US envoy, and Jared Kushner, was opposed by European officials. They objected to ceding control of these resources, as well as returning any assets to Moscow.

Since the Russian invasion of Ukraine in 2022, about 260 billion euros of Russian state assets have been frozen in Western countries.