The Economic Times

Russia ready to allocate USD 1 billion from frozen assets for rebuilding Gaza: Putin

Russia will provide one billion dollars from its frozen assets for Gaza's reconstruction. President Vladimir Putin announced this commitment during talks with Palestinian leader Mahmoud Abbas. The funds will be channeled through a US-initiated peace council. Putin emphasized that a sovereign Palestinian state is crucial for lasting peace in West Asia. Abbas expressed gratitude for Russia's long-standing support for Palestine.