Story perspectives

U.S. proposes shifting frozen Russian assets; Europe rejects plan

By Drooid · Oct 15, 2026, 4:18 PM UTC · How we work

Summary

Story summary

The United States proposes shifting frozen Russian assets into a U.S.-controlled vehicle.
Envoy Steve Witkoff and Jared Kushner pitched the plan in Miami on October 10.
European delegates from Ukraine, France, Germany, the UK, EU and NATO rejected it.
Euroclear reports €202 billion of the €260 billion frozen assets on its balance sheet.
A 2025 U.S. draft plan earmarks $100 billion for reconstruction, giving the United States 50% profit.

1 of 1

Story summary

The United States proposes shifting frozen Russian assets into a U.S.-controlled vehicle.
Envoy Steve Witkoff and Jared Kushner pitched the plan in Miami on October 10.
European delegates from Ukraine, France, Germany, the UK, EU and NATO rejected it.
Euroclear reports €202 billion of the €260 billion frozen assets on its balance sheet.
A 2025 U.S. draft plan earmarks $100 billion for reconstruction, giving the United States 50% profit.