Putin Offers $1 Billion from Frozen Assets for 'Board of Peace' Initiative

• Russian President Vladimir Putin announced Russia's readiness to contribute $1 billion to the proposed 'Board of Peace'.
• The funds would come from Russian assets frozen by the US administration, with remaining funds for post-conflict reconstruction.
• This offer comes amidst international discussions on a new peace initiative for global conflicts and post-war rebuilding.
• The use of frozen Russian assets has been a contentious issue since Moscow's military operation in Ukraine.
• US President Donald Trump previously claimed Putin accepted an invitation to the 'Board of Peace', which Putin later clarified was still under consideration.

Why It Matters: Putin proposes using $1 billion of frozen Russian assets for a 'Board of Peace' and post-conflict rebuilding.