The Biden administration is making a final push to seize around $300 billion in Russian assets as a negotiating tool for Ukraine, according to senior officials. The funds, frozen after Russia's invasion of Ukraine, are currently held in European banks, with a portion in US banks.
The strategy aims to pressure Moscow to engage in peace talks, with the message being that Russia must negotiate to reclaim its assets. European partners have expressed concerns about the legality of confiscating the funds outright.
