Russia may transfer frozen assets for Ukraine's reconstruction, but with conditions, according to Reuters.

Russia may agree to use sovereign assets worth $300 billion that are frozen in Europe for the reconstruction of Ukraine. This was reported by Reuters citing its own sources.

The publication notes that negotiations between the U.S. and Russia regarding the end of the war in Ukraine are at a very early stage, but three sources indicated that Russia might be open to the idea of using frozen assets for Ukraine's reconstruction.

"The notion that Russia might consent to use frozen funds to assist in Ukraine's recovery has not been previously articulated, and it could provide insight into the compromises Russia is willing to make as Moscow and Washington seek to conclude the war," the article states.

One source familiar with discussions in Moscow mentioned that Russia could agree to allocate up to two-thirds of the frozen reserves for Ukraine's reconstruction. The remaining funds might be used for restoring territories in Ukraine that Russia itself controls, according to one of the sources.

Another source involved in the negotiations mentioned that Moscow would agree to use the funds for Ukraine's restoration, but it is premature to discuss a potential division. Two sources emphasized the importance of discussing which specific companies will receive future contracts for the reconstruction efforts.

A different source close to the Kremlin, but not directly involved in the discussions, stated that Russia would still demand the lifting of asset freezes as part of a gradual easing of sanctions.

Prospects for Peace in Ukraine: Latest News

As reported by UNIAN, the President's Office believes that Ukraine and its allies have two tools to compel Russia to peace. According to the advisor to the head of the President's Office, Mykhailo Podolyak, these are economic pressure, particularly an oil embargo, and an increase in missile and drone strikes on Russian territory.

We also reported that an agreement on a ceasefire between the Russian Federation and Ukraine could be reached this year. This opinion is shared, among others, by the head of Ukraine's military intelligence, General Kyrylo Budanov.