John Coale said Washington has approached Citibank about returning tens of millions of dollars to Belarus
US presidential envoy John Coale has vowed to work with American banks to release tens of millions of dollars in frozen assets belonging to Belarus, Russia’s close ally in Europe.
President Donald Trump’s envoy made the remarks in Minsk on Tuesday while meeting with Belarusian President Alexander Lukashenko as part of broader talks on normalizing economic ties and prisoner releases.
Lukashenko called for the release of around $43–44 million that he said was “stuck” in Citibank. “Pay back what you owe us,” he said.
“You are absolutely right. This money must be unfrozen and returned. We have approached the bank with a request to unfreeze these funds,” Coale said, adding that Washington was working on a concrete mechanism to facilitate the transfer.
Many Western countries imposed sanctions on Belarus in 2020 in response to a crackdown on protests following that year’s presidential election and expanded them in 2022, accusing the country of aiding Russia in its conflict with Ukraine. Lukashenko has denied helping Russia militarily and accused NATO of plotting to overthrow him. He has also claimed that the 2020 protests and riots in Minsk were incited from abroad.
Coale’s trips to Minsk last year ended with the release of dozens of opposition politicians and activists. During Tuesday’s talks, Lukashenko denied that the prosecution of opposition figures was politically motivated.
“If any Belarusian citizens – or foreign nationals present in the country – violate Belarusian law, we will certainly respond in accordance with the law,” he said.
Last week, the Belarusian president said he was prepared to discuss further agreements with the US only after the return of the assets frozen at Citibank. He made the statement while discussing the resumption of Belarusian fertilizer exports to the US.
The Trump administration has held several rounds of negotiations with Minsk that have facilitated the release of hundreds of prisoners and the easing of economic restrictions on Belarus. Washington has also lifted some restrictions, including sanctions on Belarusian state flag carrier Belavia.
