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US wants to 'unlock' part of $300 billion in frozen Russian assets, as Europe grows uneasy

According to the Financial Times, the US has proposed releasing part of frozen Russian state assets and transferring them to a new financial body supervised by Washington, aiming to revive talks to end the Russia-Ukraine conflict. The proposal was raised at talks in Miami attended by Ukraine, France, Germany, the UK, the EU and NATO, but European representatives rejected it. About 260 billion euros of Russian state assets have been frozen since February 2022, mostly central bank reserves held in EU financial institutions. Rather than using the principal, the EU has mainly used profits from these assets, including a mechanism enabling Ukraine to borrow up to 45 billion euros, repaid from those profits. Releasing the assets would require legal solutions and political consensus, and could divide parties over concessions to Moscow before any peace deal.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Mỹ muốn 'mở khoá' một phần trong 300 tỷ USD tài sản Nga đang bị đóng băng, châu Âu đứng ngồi không yên

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