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Biden Administration Urges EU to Transfer $300 Billion in Frozen Russian Assets to Escrow Account, Trump Team Supports Strategy
Jan 14, 2025, 10:55 AM
The Biden administration is reportedly urging European Union countries to transfer approximately $300 billion in frozen Russian assets to a new escrow account. This account would only be accessible following a peace agreement with Russia. Trump's team has expressed support for this strategy, viewing the frozen assets as leverage against the Kremlin. The proposal has been characterized by EU officials, including Kallas, as a crucial initial step towards utilizing these assets in the context of a potential peace deal involving Ukraine.
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Approved for Ukraine weapons purchase • 25%
Other • 25%
Kept frozen with no decision • 25%
Allocated for humanitarian aid • 25%
$100 billion to $200 billion • 25%
$200 billion to $300 billion • 25%
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Assets returned to Russia • 25%
Other resolution • 25%
Assets remain frozen • 25%
Assets transferred to Ukraine • 25%
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No • 50%
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