Updated January 22nd 2026, 11:12 IST

Russian President Vladimir Putin said Moscow is open to contributing $1 billion to join a peace initiative proposed by US President Donald Trump, signaling Russia’s interest in engaging with the proposal while formal consultations continue.
Putin said the proposed contribution could be drawn from Russian assets frozen in the United States, adding that relevant government departments are examining the offer.
According to Putin, the Russian Foreign Ministry has been instructed to study the proposal in detail and assess its diplomatic and legal implications. He said consultations are also underway with Russia’s strategic partners before a formal response is communicated.
Putin indicated that no final decision has been taken and that Moscow’s position will be clarified after the review process is completed.
The grouping, promoted by Trump, is expected to bring together select global leaders and stakeholders to discuss conflict resolution and post-conflict reconstruction, though details regarding its mandate, structure, and membership criteria have not yet been fully disclosed.
Putin’s remarks come against the backdrop of ongoing disputes over Russian sovereign assets frozen abroad following sanctions imposed in recent years. His reference to using frozen funds underscores the broader geopolitical context surrounding the proposal.
The comments were made amid renewed international efforts to explore alternative diplomatic platforms for addressing global security challenges.
Published January 22nd 2026, 11:12 IST