Putin Offers Frozen Russia Assets in US to Aid Ukraine, Gaza

Local residents stand on the porch of a damaged residential building following a Russian drone attack in Dnipro, Ukraine on Jan. 7, 2026.

Photographer: Mykola Synelnykov/AFP/Getty Images

Russia’s President Vladimir Putin said he is ready to commit Russian assets that remain frozen in the US to rebuild Ukrainian regions damaged during the war after a peace treaty is concluded.

Putin also said he could give $1 billion from the US-based assets - frozen to punish Putin for his 2022 full-scale invasion of Ukraine - to US President Donald Trump’s proposed Board of Peace.