Vladimir Putin signals readiness to use frozen assets to rebuild Ukraine

Firefighters extinguish a car fire after a Russian air strike in Kramatorsk, Ukraine, on Wednesday. PIC/Getty Images

Ahead of talks with US President Donald Trump's special envoy Steve Witkoff on Thursday, Russian President Vladimir Putin expressed readiness to part with the frozen Russian assets for rebuilding war-torn Ukraine after a peace deal struck between the two former Soviet republics.

In his televised remarks at the meeting of the Russian Security Council late on Wednesday night, Putin also announced to donate $1 billion to the Trump-promoted Board of Peace to oversee the Gaza ceasefire plan from the frozen assets.

"Incidentally, the remaining funds from our frozen assets in the US could be used to rebuild territories damaged by the fighting after a peace treaty is concluded between Russia and Ukraine. We are also discussing this possibility with representatives of the US administration," he said.

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