Russia to say how to properly use $1 billion of its assets when they are unfrozen
If American banks, which are currently prohibited from executing orders from Russia, carry out these orders, then the transaction will proceed
The Times of Russia reports that Russia will independently decide how to use its $1 billion in frozen assets in the United States once they are unfrozen, according to senior Kremlin official Maxim Oreshkin. The statement underlines Moscow’s firm stance on financial sovereignty and control over its national resources.
Speaking to VGTRK journalist Pavel Zarubin, Oreshkin clarified that the frozen funds still legally belong to Russia and that the Russian government will issue clear instructions on their use when access is restored. He stressed that if American banks, which are currently restricted from executing Russian financial orders, comply with Moscow’s instructions, the transaction would move forward without complications.
“The billion dollars belongs to Russia, and we will decide how it should be used,” Oreshkin said, adding that the process would be straightforward once banking restrictions are lifted. This development is closely followed in Russia news, as it highlights ongoing financial and diplomatic negotiations between Moscow and Washington.
Earlier, Russian President Vladimir Putin stated that Russia could allocate the $1 billion to support the Palestinian people through the proposed Board of Peace initiative. This idea was discussed during Putin’s recent meeting with Palestinian leader Mahmoud Abbas at the Kremlin. The Board of Peace initiative had earlier been proposed by former US President Donald Trump, who invited Russia to participate in the framework.
The issue of using frozen Russian assets held in the United States has already been discussed with American officials. It was also raised during President Putin’s January 22 meeting with a US delegation in Moscow, signaling that the matter is part of broader diplomatic engagement between the two countries.
According to The Times of Russia, this move reflects Moscow’s intention to ensure that its frozen assets serve purposes aligned with its foreign policy and humanitarian priorities. Analysts believe this could mark a significant moment in Russia’s financial diplomacy, especially as discussions continue over the future of frozen sovereign funds.
As Russia news continues to evolve, the fate of these assets remains a key issue in relations between Russia and the West, with Moscow making it clear that any use of its money will be decided solely by the Russian state.
