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Putin: Frozen Assets May Be Used for Peace Council

Published January 22, 2026, 13:24
Putin: Frozen Assets May Be Used for Peace Council

Russian President Vladimir Putin told Palestinian President Mahmoud Abbas that Russia is ready to allocate $1 billion of frozen Russian assets in the US to President Donald Trump's Peace Council initiative in order to support the Palestinian people. Putin stated that this idea has already been discussed with the US. He is expected to meet with US envoys Steve Witkoff and Jared Kushner to further discuss bilateral economic relations.