Berlin believes that expanded use of frozen Russian state assets in the EU could significantly impact the course of Russia’s war against Ukraine. A government representative called this issue “the greatest political lever Europeans can currently wield.”
Source: Censor.NET
Last week, German Chancellor Olaf Merz proposed providing Ukraine with €140 billion. Under the plan, Euroclear (Belgium), where Russian assets are held, would buy EU bonds and provide them to Ukraine as a loan.
To avoid direct expropriation of Russian property, the loans are planned to be secured by budget guarantees from EU member states.
The German government emphasizes that the funds received should be used by Ukraine primarily to cover military needs over the next 2–3 years.
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