The Trump administration has proposed freeing up some of the Russian sovereign wealth held in Europe and transferring it to a US-supervised financial vehicle to help revive peace talks in Ukraine. European officials rejected the offer, opposing both the loss of control over the funds and any return of assets to Moscow. About 260 billion euros in Russian state assets were frozen by Western countries following Russia's invasion of Ukraine in 2022.

The Trump administration has proposed freeing up some of the Russian sovereign wealth held in Europe and transferring it to a US-supervised financial vehicle to help revive peace talks in Ukraine. European officials rejected the offer, opposing both the loss of control over the funds and any return of assets to Moscow. About 260 billion euros in Russian state assets were frozen by Western countries following Russia's invasion of Ukraine in 2022.