The US has provided European partners with a detailed plan for the recovery of Ukraine, which includes the use of frozen Russian assets. According to reports, the plan is contained in classified appendices to current peace proposals, outlining how American financial institutions and other companies can access approximately $200 billion in Russian assets that are blocked in Europe. These funds are proposed to be directed towards the development of recovery projects in Ukraine, including the construction of a large data processing center based at the Zaporizhzhia Nuclear Power Plant, which is currently under the control of Russian forces.
This is reported by Business • Media
US Plans for the Russian Economy and New Investments
A separate appendix contains the United States’ strategy for pulling the Russian economy out of crisis. Within this concept, it is proposed to encourage American investments in strategic sectors of the Russian Federation—from the extraction of rare earth elements to drilling oil wells in the Arctic. There are also plans to assist in restoring the export of Russian energy resources to Western Europe and other regions of the world.
One European official noted that such initiatives are the economic version of the 1945 conference where the victors of World War II divided Europe—”it’s like Yalta.”
The American Concept of “Business for Peace” and Negotiations with Ukraine
The American negotiating team is promoting the idea of “business for peace.” However, if this plan is implemented, some experts estimate that European approaches to supporting Ukraine and strengthening the economic isolation of Russia may be reconsidered.
In turn, according to WP, the US is recommending a so-called “Korean scenario” to Ukraine—creating a demilitarized zone along the line of contact, guarantees of sovereignty and security, integration into the European Union by 2027, regaining control of the Zaporizhzhia Nuclear Power Plant, as well as economic recovery funded by American, European, and frozen Russian assets.
Furthermore, negotiations are underway with BlackRock regarding the establishment of a Ukrainian Development Fund aimed at attracting $400 billion for the country’s recovery.