Russia pledges $1 billion aid to Palestine for Gaza reconstruction

• Kremlin spokesperson Dmitry Peskov highlighted that Russia is currently the only nation to commit $1 billion in aid to Palestine, specifically earmarked for Gaza's reconstruction via President Trump's "Board of Peace."
• The proposed funds would come from Russian assets frozen in the United States, a move that requires US authorization and formal legal discussions to unblock the seized funds for humanitarian use.

Russian Presidential Spokesman Dmitry Peskov said that Russia has committed $1 billion in aid to Palestine.

The aid is earmarked for the newly established Donald Trump’s “Board of Peace” for Gaza, an entity formed under an agreement between ‘Israel and Hamas.

“It’s crucial to remember that Russia remains the sole nation to have pledged such substantial support - $1 billion - to Palestine. This fact is of great significance and should not be overlooked,” Peskov said.

The funds are proposed to come from Russia's assets frozen in the United States, a move that would require US authorities to unblock them.

Kremlin officials have described the asset freeze as illegal, and the allocation would need legal formalization through discussions with relevant parties.

Russian President Vladimir Putin first signaled this willingness in January 2026, during talks involving Palestinian leader Mahmoud Abbas.

Putin highlighted Russia's "special ties" with the Palestinian people and its readiness to support the initiative.