Zelenskyy: Frozen Russian assets belong to Ukraine
www.pravda.com.ua
Sun, 23 Feb 2025 19:18:58 +0200
Ukrainian President Volodymyr Zelenskyy has proposed using a portion of frozen Russian assets to finance a future fund, which is expected to be part of an agreement granting the US a stake in Ukraines mineral resources.
Source Zelenskyy at a press conference on 23 February Quote As previously said, the agreement cannot be written in such a way that we become debtors for the past.
We are willing to invest in new ventures as equal partners.
It was written that the proposed fund is now set to be 100 owned by the US ed., but an alternative model may be a 5050 split, in which the US invests by considering its aid to Ukraine as a contribution, while we also invest on our side.
Details Zelenskyy suggested that Ukraine could contribute to the fund by allocating profits from Ukrainian enterprises and funds from frozen Russian assets.
Quote Frozen Russian assets are our money.
Specifically ours, not ours and our partners.
And this can really help.
It could facilitate rapid investments.
These funds can be accessed quickly.
For example, we could take US50 billion from frozen assets, the US could provide US50 billion in aid, and we would have a US100 billion fund.
This amount could be invested in resource extraction and Ukraines economic development.
More details Zelenskyy added that another way to contribute to the fund could involve the transfer of military equipment to defend Ukrainian territories and natural resources.
Quote This is also an investment.
We need 20 more Patriot systems, which will cost between US3035 billion.
If the United States delivers US35 billion in Patriot systems, we will consider that an investment and will equal it with US35 billion in our own cash.
This would boost the funds total to US70 billion.
Is this fair I think it is.
However, in order to grasp what the US feels about this arrangement and how it can provide security guarantees, we must first meet and discuss everything.
I feel that this meeting should be fair and must take place before Trump talks with Putin.
Background Earlier, Reuters reported that Russia may agree to the use of US300 billion in its frozen assets in Europe for Ukraines reconstruction. However, Russia is reportedly insisting that part of these funds be allocated to rebuilding occupied territories.
As previously reported by Economicha Pravda, the latest draft of the agreement between the US and Ukraine on natural resources proposes the creation of a commercial fund that would be 100 controlled by the US, with Ukraine contributing funds to it.
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