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The Independent UK
The Independent UK
National
Sam McNeil

Russia's frozen assets at center of negotiations over Ukraine peace deal

Europe Russia Frozen Assets - (Copyright 2025 The Associated Press. All rights reserved)

Money is as central to Europe's vital support of Ukraine as ammunition and intelligence. Yet, the bloc's most viable funding mechanism involves seizing billions of dollars worth of Russian assets that U.S. President Donald Trump has proposed taking over.

The first draft of Trump's 28-point peace plan called for an investment scheme for Ukraine's reconstruction controlled by the U.S. but financed by $100 billion in frozen Russian assets matched by another $100 billion from the European Union — with 50% of profits sent back to Washington.

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