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Putin Pledges $1 Billion for Palestinian Support, Plans U.S. Talks on Frozen Assets

The Kremlin frames the Board of Peace channel as a step toward a larger mediator role in the region.

Overview

  • Russia said it will allocate $1 billion to the Board of Peace to fund Gaza reconstruction and broader support for the Palestinian people.
  • President Vladimir Putin stated that Moscow would discuss using Russian assets frozen in the United States to finance the pledge at a meeting with U.S. administration representatives in Moscow later today.
  • The Russian government emphasized ongoing capacity-building, confirming that 150 Palestinian students will study at universities in Russia this year.
  • Putin reiterated Russia’s position that a lasting Middle East settlement requires the formation and full functioning of a Palestinian state.
  • Palestinian President Mahmoud Abbas, visiting Moscow on January 21–22, hailed Russia as a longstanding friend as the Kremlin highlighted prior humanitarian aid to Gaza.