Philenews

Putin Pledges $1 Billion to Palestine from Frozen US Assets

Published January 22, 2026, 12:21
Putin Pledges $1 Billion to Palestine from Frozen US Assets

Russian President Vladimir Putin has pledged to provide Palestine with $1 billion from frozen Russian assets held in the United States. The commitment was made during a meeting with Palestinian leader Mahmoud Abbas. The funds will be allocated through the 'Peace Council'. Putin stated that the idea of using the frozen Russian assets has already been discussed with the United States, suggesting a potential agreement or at least a discussion on the matter.