US proposes unfreezing Russian assets for Ukraine peace – FT

The overture “startled” Kiev’s European backers, who refused to cede control over funds Moscow considers “stolen,” the paper says The US has proposed unfreezing billions of euros in Russian assets held in the EU to give impetus to Ukraine peace talks, the Financial Times reported on Wednesday, citing sources. Moscow has long described the freezing of its assets as “theft” while warning of significant retaliation if the funds are seized.The proposal was raised last week during negotiations in Miami involving President Donald Trump’s envoy Steve Witkoff, his son-in-law Jared Kushner, and officials from Ukraine, France, Germany, Britain, the EU, and NATO, four people familiar with the matter told the paper.Washington reportedly floated several mechanisms for releasing the frozen funds as part of a comprehensive peace deal, including transferring some of them into a special-purpose vehicle overseen by the US. However, the exact arrangements have not been finalized, with numerous ideas about how the funds could be used being discussed, the FT said. During the talks, Washington asked Kiev to present proposals for spending potential reconstruction funds and to work with the World Bank on ...