Russia Supports US Asset Utilization Proposal

Russia welcomed the American proposal to use its frozen assets in Europe to finance joint projects with the United States, reaffirming its readiness to study and work on it. The value of the frozen Russian assets, particularly held by European financial institutions, is estimated at around $300 billion. This proposal could potentially help ease disputes over the use of these funds to support Ukraine. However, the European Union rejects the proposal and continues implementing its plan to reduce dependence on Russian energy, gradually banning Russian gas and oil imports starting from 2027. Russia also emphasized its readiness to meet energy resource demands, while maintaining reliance on stable currencies for international trade transactions despite Western sanctions.

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