Europe rejects US proposal to unfreeze Russian assets

The United States proposed unfreezing a portion of Russian assets during negotiations with Ukrainian and European representatives in Miami last week, according to the Financial Times. European officials firmly rejected the proposal, with one source saying they were told "this simply will not happen." The US had considered transferring some assets under control of a Washington-subordinated structure, but Europeans opposed relinquishing control or returning assets to Moscow. The discussions occurred within broader efforts to develop a comprehensive peace agreement. Multiple ideas were floated about using frozen Russian assets post-conflict, yet European officials made clear they would not concede on asset control.