According to a Financial Times report citing four sources, U.S. envoys Steve Witkoff and Jared Kushner formally proposed that European countries unfreeze Russian sovereign assets and place them in a Washington-controlled financial vehicle during an Oct.

10 meeting in Miami. The United States stated the initiative is intended to facilitate progress toward a comprehensive peace plan for Ukraine, although Moscow has reportedly rejected interim measures such as a 60-day ceasefire in favor of a lasting political settlement.