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U.S. to Use $58B Frozen Russian Assets as Leverage

8/28/2025

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Summary

Story summary

U.S. Treasury Secretary Scott Bessent confirmed that frozen Russian assets will serve as leverage in negotiations.
The U.S. has frozen around $58 billion in Russian assets; the EU and G7 have frozen about $280 billion.
Bessent criticized allies for not imposing tariffs on India, which continues to buy Russian oil.
The situation underscores Ukraine's reliance on Western actions concerning these assets.

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Story summary

U.S. Treasury Secretary Scott Bessent confirmed that frozen Russian assets will serve as leverage in negotiations.
The U.S. has frozen around $58 billion in Russian assets; the EU and G7 have frozen about $280 billion.
Bessent criticized allies for not imposing tariffs on India, which continues to buy Russian oil.
The situation underscores Ukraine's reliance on Western actions concerning these assets.