Putin Offers $1 Billion From Frozen Assets for US-Backed Board of Peace

• Russian President Vladimir Putin announced Russia's readiness to contribute $1 billion from its frozen foreign assets to the proposed US-backed Board of Peace.
• Putin also expressed willingness to discuss using remaining frozen funds for post-war reconstruction in Ukraine once a peace agreement is signed.
• The remarks were made during a Security Council meeting ahead of talks with US envoys Steve Witkoff and Jared Kushner in Moscow.
• The Board of Peace, an initiative by Donald Trump, aims to oversee ceasefire arrangements, including in Gaza.
• Putin confirmed discussions with US representatives regarding the use of frozen assets for recovery work in war-affected regions and stated the Board of Peace proposal is under review.

Why It Matters: Putin offers $1 billion from frozen assets for a US-backed peace initiative and Ukraine's reconstruction.