politics
January 26, 2026
Russia to say how to properly use $1 billion of its assets when they are unfrozen
If American banks, which are currently prohibited from executing orders from Russia, carry out these orders, then the transaction will proceed
TL;DR
- Russia claims ownership of $1 billion in frozen US assets.
- Moscow will provide instructions on how these funds should be used.
- Transactions will proceed if American banks execute Russian orders.
- President Putin previously suggested allocating $1 billion to support the Palestinian people through the Board of Peace.
- The use of frozen Russian assets for this contribution was discussed with the US.
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