A dramatic diplomatic face-off unfolds as U.S. President Donald Trump launches his ambitious Board of Peace at the World Economic Forum in Davos — while Russian President Vladimir Putin responds with a proposal that could redefine global diplomacy. Putin says Russia is prepared to allocate $1 billion from frozen Russian assets held in the United States to secure a seat on Trump’s peace initiative, framing the move as humanitarian support for rebuilding Gaza and backing the Palestinian people. The proposal directly clashes with Trump’s claim that Moscow has already agreed to join the board. As U.S. envoys arrive in Moscow for high-stakes talks on Ukraine, Gaza, and global security, the idea of using frozen assets for peace funding moves from the unthinkable to the negotiating table. With rivals now linked by a single initiative, the Board of Peace raises urgent questions about power, precedent, and the future of international order.
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