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Russian President Vladimir Putin said Russia could transfer $1 billion from assets frozen in the United States to U.S. President Donald Trump’s proposed “Board of Peace.”
Putin made the statement on Wednesday during a meeting with permanent members of Russia’s Security Council. The Kremlin later published his remarks on its official website.
He said Russia could make the contribution even before deciding whether to formally join the board or take part in its work.
Planned Talks With U.S. Officials
Putin said he plans to raise the proposal during talks with Steve Witkoff, a U.S. presidential envoy, and Jared Kushner, Trump’s son-in-law. Both are expected to arrive in Moscow on Thursday.
He also said he would discuss the issue with Palestinian President Mahmoud Abbas, pointing to Russia’s historical ties with the Palestinian people.
The funds would come from Russian state assets frozen under the previous U.S. administration following sanctions.
Rebuilding After a Peace Deal
Putin said Russia could use the remaining frozen assets to help rebuild areas damaged by fighting. He said this would only happen after a peace treaty between Russia and Ukraine is signed.
He added that Russian officials are already discussing this idea with representatives of the U.S. administration.
The proposal suggests Moscow wants a political solution for dealing with frozen assets rather than relying on court action.
What Is the ‘Board of Peace’?
Trump introduced the Board of Peace in September as part of a plan to end the war in Gaza. However, reports say the board’s role would extend far beyond Gaza.
Its charter gives it broad authority over peace talks, post-war rebuilding, and conflict mediation. The document does not mention Gaza directly.
Several analysts say the board could act as an alternative to existing global bodies, including the United Nations.
Membership Cost and Global Reaction
According to The New York Times, permanent membership requires a $1 billion contribution. Putin has received an invitation but has not said whether Russia will accept it.
Belarusian President Aleksandr Lukashenko has already agreed to join the board.
The proposal has drawn attention because it links frozen assets, U.S. politics, and global diplomacy. Experts say it could raise legal and political questions if it moves forward.
