Germany pushes for use of frozen Russian assets
The German Chancellor Friedrich Merz points to the fact that the European Union unlocks up to 140 billion euros (A249 billion) in frozen Russian assets to finance Ukraine’s war efforts, and at this level support at this level.
The proposal of an interest -free EU loan specified in the Financial Times editorial aims to provide long -term support to Ukraine without violating property rights.
Merz will be frozen until Russia’s compensation for the war will be frozen, and Merz deals with legal and financial concerns that have previously been careful to seize Russian assets.
Within the scope of the plan, the loan will be initially guaranteed by the member states and will then be supported by the EU’s long -term budget as of 2028.
Iz We need a new acceleration to change Russia’s calculations, Mer Merz said in the editor.
He continued: “Now the Russian President will buy a cynical time and bring him to the negotiation table is an effective leverage application moment.”
For the first time, the Editorial, Merz supported an EU plan for the first time, sent a plan to send about $ 210 billion ($ A374 billion) in a Belgian deposit to Ukraine – a red line for many member states and the European Central Bank.
Finance Minister and Chancellor Deputy Lars Klingbeil said in a separate statement that Europe should make maximum pressure on Russian President Vladimir Putin to end the war against Ukraine.
“That’s why it is right to use frozen Russian assets more. Germany is legally possible and ready to explore new ways.”
The uncertainty of the plan of the plan, which is important for Ukrainian support, to the US’s commitment to Kiev under President Donald Trump, is likely to dominate an informal EU summit in Copenhagen next week.
“At the end of October, I recommend that we give the authority to give this vehicle legally safely at the Council of Europe at the end of October.”
Until now, the EU has only received interest from Russian assets frozen after Moscow occupied Ukraine in February 2022.
Germany’s largest economy and Ukraine’s second largest military supporter, Germany, previously expressed legal concerns about the proposals to completely seize assets.
The United States has long been the largest supporter and weapon supplier in Ukraine, but Trump says that Europe should get more shares than its defense burden.
