Putin Offers Frozen Assets for Trump's Peace Board; Ukraine Reconstruction Eyed

• President Vladimir Putin offered to contribute $1 billion from frozen Russian assets in the US to Donald Trump's proposed Board of Peace.
• Putin suggested remaining frozen funds could rebuild Ukraine post-peace treaty, highlighting the €300 billion frozen globally.
• Europe holds the vast majority of frozen Russian assets (approx. €210 billion), primarily in Belgium's Euroclear, while the US holds a smaller fraction (€4.3 billion).
• The EU has indefinitely immobilized the principal of Russian assets but uses windfall profits for Ukraine, channeling €1.5 billion in mid-2024.
• Trump's Board of Peace is a new international body aimed at addressing conflicts, starting with Gaza, with $1 billion contributions granting permanent seats.

Why It Matters: Putin proposes using frozen Russian assets for Trump's peace initiative and Ukraine's reconstruction.