The funds should be used as bargaining power in talks over Ukraine, Treasury Secretary Scott Bessent has said
The US intends to use frozen Russian assets as a bargaining chip in negotiations over Ukraine, rather than seizing them outright and handing them over to Kiev, Treasury Secretary Scott Bessent has said.
Speaking to Fox News on Wednesday, Bessent explained the US stance on the more than $300 billion in Russian assets immobilized across Western financial institutions since the escalation of the Ukraine conflict in 2022. The bulk of the funds is within EU jurisdiction, while the US reportedly holds around $5 billion. Moscow has repeatedly…
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