Frozen Russian assets cannot be confiscated, as this is contrary to international law. He stated this at a meeting with US President Donald Trump in In Washington, his French counterpart Emmanuel Macron.

Russia would insist that part of the money is spent on the one-fifth of the country that Moscow's forces control, three sources told Reuters.

Russia could agree to transfer its assets frozen by Western countries for Ukraine's reconstruction. In total, Europe and the US have blocked around $300 billion in Russian assets, Reuters reports. The outlet reminds that after Russia’s full-scale invasion of Ukraine,

Russia may agree to use US$300 bn of its frozen assets in Europe to rebuild Ukraine but will insist that part of the money be used to rebuild the territories it currently controls (about 20% of Ukraine).