Saturday, November 22, 2025

‘Witkoff needs a psychiatrist’: Europeans fume at Trump’s plan to profit from frozen Russian assets  – POLITICO

For months European Union officials have been trying — and failing — to work out a way to use around €140 billion of immobilized Russian state assets held largely in Belgium to support Kyiv's war effort. The cash is desperately needed as Ukraine is at risk of running out of money early next year… 

But the United States' new 28-point blueprint for a ceasefire includes a rival idea for using those same assets for American-led reconstruction efforts once a truce has been agreed. The U.S. would take "50 percent" of the profit from this activity, the document said…


 

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