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Moscow Ready to Contribute to Trump’s Gaza ‘Board of Peace’ Initiative
(MENAFN) In a Wednesday address to Russia's Security Council, President Vladimir Putin announced Moscow's willingness to allocate $1 billion toward US President Donald Trump's Board of Peace initiative—funds that would come directly from Russian assets currently frozen in America.
The proposed contribution targets Trump's newly established international body tasked with overseeing funding, security coordination, and political management in Gaza throughout a post-ceasefire transitional phase following last year's Israel-Hamas truce brokered by Washington. The framework includes collaboration with a Palestinian technocratic government.
Putin declared Russia could provide the billion-dollar sum "right now, even before we decide whether we'll take part… in the work of the Board of Peace," pointing to Moscow's "special relations with the people of Palestine."
The Russian leader specified the contribution would derive "from the Russian assets frozen by the previous [US] administration." He emphasized that Moscow "has always supported and continues to support any efforts aimed at strengthening international stability."
While expressing gratitude for Trump's invitation, Putin indicated the Kremlin requires additional time to evaluate the proposal and coordinate with strategic allies.
Trump has extended invitations to numerous nations for board participation. Hungary, Morocco, Vietnam, Kazakhstan, and Argentina have confirmed their acceptance. Reports suggest countries can join without cost for three-year terms, while permanent membership reportedly demands a $1 billion payment—matching Putin's proposed contribution.
China acknowledged receiving an invitation Tuesday but hasn't disclosed its participation status.
Washington has indicated the board's authority may eventually extend to mediating additional global conflicts.
According to media, approximately $5 billion of Russia's total $300 billion in frozen assets remains in US custody. Putin stated Wednesday that remaining frozen funds could support economic reconstruction in conflict-damaged regions once Moscow and Kyiv reach a peace settlement.
The proposed contribution targets Trump's newly established international body tasked with overseeing funding, security coordination, and political management in Gaza throughout a post-ceasefire transitional phase following last year's Israel-Hamas truce brokered by Washington. The framework includes collaboration with a Palestinian technocratic government.
Putin declared Russia could provide the billion-dollar sum "right now, even before we decide whether we'll take part… in the work of the Board of Peace," pointing to Moscow's "special relations with the people of Palestine."
The Russian leader specified the contribution would derive "from the Russian assets frozen by the previous [US] administration." He emphasized that Moscow "has always supported and continues to support any efforts aimed at strengthening international stability."
While expressing gratitude for Trump's invitation, Putin indicated the Kremlin requires additional time to evaluate the proposal and coordinate with strategic allies.
Trump has extended invitations to numerous nations for board participation. Hungary, Morocco, Vietnam, Kazakhstan, and Argentina have confirmed their acceptance. Reports suggest countries can join without cost for three-year terms, while permanent membership reportedly demands a $1 billion payment—matching Putin's proposed contribution.
China acknowledged receiving an invitation Tuesday but hasn't disclosed its participation status.
Washington has indicated the board's authority may eventually extend to mediating additional global conflicts.
According to media, approximately $5 billion of Russia's total $300 billion in frozen assets remains in US custody. Putin stated Wednesday that remaining frozen funds could support economic reconstruction in conflict-damaged regions once Moscow and Kyiv reach a peace settlement.
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