Putin announces Russia's readiness to contribute $1 billion to the "Peace Council" to support the Palestinian people

Russian President Vladimir Putin expressed his country's readiness to contribute $1 billion to the "Peace Council" concerned with the reconstruction and development of the Gaza Strip, explaining that these funds would be deducted from frozen Russian assets in America.

Putin stressed that achieving real progress in the region is fundamentally linked to the establishment of an independent Palestinian state, as it is the only way to achieve a comprehensive and sustainable peaceful settlement in the Middle East.

Putin's statements come at a time when international relations are witnessing sharp tensions over the fate of Russian funds frozen in Western banks since 2022.

His proposal to transfer part of these funds to a pivotal humanitarian and political cause in the Middle East represents a diplomatic step aimed at embarrassing Washington or finding a loophole in the sanctions regime.

The Russian President stressed that the commitment to provide $1 billion is not just a financial contribution, but rather support for the Palestinian people to overcome the effects of destruction. He explained that using frozen assets for this purpose is a pragmatic option to employ detained Russian resources in a way that serves global stability.

Highlights of Putin's messages:

Financial support: Readiness to inject $1 billion to finance development projects in Gaza through the "Peace Council".

Political solution: The belief that "establishing an independent Palestinian state" is the core of the solution and the only guarantee of security.

Implicit criticism: Referring to the presence of funds in America, which opens the door to legal debate about Washington's right to dispose of them or withhold them from peace efforts.

The Russian President believed that any plan that does not include respect for Palestinian sovereignty will be doomed to failure, which reflects Moscow's adherence to its role as a pivotal player in Middle East issues.