US Submits Economic Recovery Plan With Russia To Europe
JAKARTA - The administration of US President Donald Trump handed over documents to European partners containing plans to recover Ukraine's economy and restore economic relations with Russia after the conflict.
The Wall Street Journal newspaper on Wednesday (10/12) reported in recent weeks that the Trump administration has submitted a number of one-page proposals that trigger intense negotiations between the United States and Europe.
Reported by ANTARA from Sputnik/RIA Novosti-OANA, Thursday, December 11, in particular, the US plan reportedly includes US investment in Russian oil production in the Arctic and extraction of rare earth metals, as well as restoration of the old system for the delivery of Russian energy resources to Europe and the global market.
Meanwhile, Ukraine's reconstruction is expected to be run by US companies with funding of around US$200 billion (around Rp3,335 trillion) from frozen Russian assets.
US negotiators told the newspaper the European plan to use frozen assets would cost too quickly. In contrast to the US strategy focused on investing Russian assets and growing them.
Responses from European officials to the proposal were reported to be diverse. One source likened the plan to Trump's statement about turning the Gaza Strip into a central Eastern video' after the war.
Other sources compared the proposal for an energy agreement between Russia and the US with the 1945 Yalta Conference conference between the US, United Kingdom and the Soviet Union regarding the world order after World War II.
Since mid-November, the US has been aggressively promoting new peace proposals for Ukraine.
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On December 2, Russian President Vladimir Putin received US special envoy Steve Witkoff and US President Donald Trump's son-in-law, Jared Kushner, in the Kremlin. The visit was related to discussing the US peace plan for Ukraine.
After the start of Russian military operations in Ukraine in 2022, the European Union and G7 countries frozen nearly half of Russia's foreign exchange reserves totaling around 300 billion euros.
About 200 billion euros are stored in accounts in Europe, mainly in Euroclear, a Belgian-based securities storage agency.
The Kremlin still states that any attempt to confiscate Russian assets is an act of theft and violation of international law.