The Trump administration has denied a report that countries would be required to pay $1bn to join a proposed U.S.-backed peace initiative, after Bloomberg News said a draft charter set out a membership fee.
Bloomberg reported on Saturday that the charter envisaged member nations paying $1bn to remain on the so-called Board of Peace. According to the report, Donald Trump would serve as the board’s inaugural chairman, with member states appointed for renewable terms of up to three years.
Reuters said it could not immediately verify the Bloomberg report.
The White House dismissed the claim as "misleading", saying there was no minimum membership fee to join the board.
"This simply offers permanent membership to partner countries who demonstrate deep commitment to peace, security, and prosperity," the White House said in a post on X.
The U.S. State Department referred Reuters to previous social media posts about the board by Trump and his special envoy, Steve Witkoff, which made no reference to any payment requirement.
The Board of Peace is a U.S.-backed initiative announced by Donald Trump as part of a proposal to oversee the temporary governance of Gaza following a ceasefire between Israel and Hamas.
According to U.S. officials, the board would supervise a transitional period in which Gaza would be administered by a Palestinian technocratic body, before potentially expanding its remit to address other international conflicts.
Trump is expected to serve as the board’s inaugural chairman
Invitations have been sent to leaders from several countries, although the White House has said the roles and responsibilities of individual members have not yet been finalised.
The plan has drawn criticism from rights experts and diplomats, who argue that a U.S.-led body overseeing governance in a foreign territory could undermine international norms and existing multilateral frameworks.
Armenia’s National Assembly election on 7 June is increasingly being viewed not only as a domestic political contest, but also as a vote that could ...
An ageing, poorly insured shadow armada now accounts for around one-sixth of the world's tanker fleet. Hidden by design and fraught with risk, it oper...
The Trump Route for International Peace and Prosperity (TRIPP), the ambitious multimodal transit corridor designed to connect mainland Azerbaijan with...
The U.S. said it struck Iranian radar sites on Qeshm Island and in Goruk after intercepting four drones, while Iran's Revolutionary Guards said they l...
U.S. President Donald Trump said he sees progress between Israel and Lebanon after talks with Netanyahu, while Hezbollah has rejected a new ceasefire ...
An ageing, poorly insured shadow armada now accounts for around one-sixth of the world's tanker fleet. Hidden by design and fraught with risk, it operates beyond conventional oversight. A maritime law expert explains how it works, who profits, and why much of the world looks the other way.
The Trump Route for International Peace and Prosperity (TRIPP), the ambitious multimodal transit corridor designed to connect mainland Azerbaijan with its Nakhchivan exclave through southern Armenia, has moved rapidly from political declaration to practical implementation.
U.S. Secretary of State Marco Rubio said on Wednesday (3 June) that ongoing discussions with Denmark and Greenland over the use of the island for collective defence are “in a good place.”
Trump reportedly lashed out at Netanyahu on Monday over Israel's escalation in Lebanon, describing the Israeli leader as "crazy" and warning that further military action would deepen Israel's international isolation, according to a report by Axios.
Iran’s Revolutionary Guards (IRGC) said in a statement that its Aerospace Force did not strike the Kuwait Airport passenger terminal on Wednesday, and that the destruction was instead caused by a failed U.S. Patriot missile.
Five Azerbaijani citizens have been killed and three others injured following drone attacks on two cargo vessels in the Sea of Azov, Azerbaijan's Foreign Ministry said on Friday.
Azerbaijan has strongly rejected allegations published by CNN claiming that its territory was used for Israeli military and intelligence operations against Iran, describing the report as entirely baseless and demanding a retraction.
As Armenia heads toward parliamentary elections on 7 June, the country's relationship with Azerbaijan is emerging as one of the defining issues of the campaign, with analysts and international observers highlighting the role of regional politics in shaping voters’ mindsets.
Armenia will hold parliamentary elections on 7 June 2026, a vote that will shape the country’s political direction for the next five years. Understanding how the electoral system converts votes into parliamentary power is key to following the outcome and its wider regional implications.
People across Gaza are facing a worsening humanitarian crisis, with millions struggling to access food, clean water, shelter and medical care as the conflict continues.
The next time a goal goes in during a Champions League final, fans around the world could watch it from every angle at once — frozen, rotated and replayed in ways that were impossible only a few years ago.
An ageing, poorly insured shadow armada now accounts for around one-sixth of the world's tanker fleet. Hidden by design and fraught with risk, it operates beyond conventional oversight. A maritime law expert explains how it works, who profits, and why much of the world looks the other way.
Financial markets are significantly underestimating the economic impact of biodiversity loss, potentially leaving countries exposed to sovereign debt crises and rising borrowing costs, according to new research published on Friday.
Five astronauts aboard the International Space Station (ISS) were instructed to take shelter and prepare for a possible evacuation on Friday after an air leak in the Russian segment of the orbital outpost worsened, according to NASA.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment