ENG
9968 visitors online
Germany considering use of frozen Russian assets to support Ukraine – media
The German government believes that expanded use of frozen Russian state assets in the EU could be a game changer in Russia’s war against Ukraine.
This was reported by Censor.NET, citing ntv.
A government spokesperson said this issue is "the biggest political leverage Europeans currently have."
Last week, German Chancellor Olaf Merz proposed providing Ukraine with €140 billion. Euroclear, based in Belgium and holding the frozen Russian assets, would purchase EU bonds and lend them to Ukraine. To avoid actual expropriation of Russian property, these loans would be backed by budget guarantees from EU member states.
Berlin stressed that Ukraine should use these funds to cover its military needs over the next two to three years.
