Reuters: Russia may agree to use $300 billion of frozen assets for Ukraine's recovery.

Russia is considering the possibility of using $300 billion of frozen assets for the recovery of Ukraine, but on the condition that part of this money goes to Russian-controlled territories. This was reported by sources familiar with the situation.

Recently, the first face-to-face negotiations have taken place between Russia and the USA regarding the resolution of the conflict in Ukraine. Russian President Vladimir Putin and American President Donald Trump expressed hope for a swift meeting.

Since the onset of the war in 2022, Russia and its allies have blocked assets amounting to $300-350 billion that were held in a European securities depository. The only unfreezing possible would be if Russia receives guarantees of accountability. Part of the money may go to the recovery of Ukraine, while the rest is intended for Russian-controlled territories.

Russia is ready to agree to the use of funds for the recovery of Ukraine with a guarantee of future contracts. However, the issue of fund distribution still requires discussion. Russia will also demand the easing of sanctions and the unfreezing of assets.

The main conditions set by Russia for a ceasefire include the withdrawal of Ukrainian troops from Russian-controlled territories and Ukraine's renunciation of its intentions to join NATO. Ukraine, in turn, demands the withdrawal of Russian troops and security guarantees from the West.

The head of the Central Bank of Russia, Elvira Nabiullina, stated that the regulator is not involved in negotiations on sanctions and the unfreezing of assets.

Last year, the World Bank estimated the cost of recovery and reconstruction of Ukraine at $486 billion. Eastern Ukraine has suffered heavily from the war, which has resulted in hundreds of thousands of deaths and millions of residents relocating to other countries.