Hotznplotzn@lemmy.sdf.org to

Europe@feddit.orgEnglish · 11 days ago

Germany’s Merz backs using frozen Russian assets for Ukraine

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Germany’s Merz backs using frozen Russian assets for Ukraine

Hotznplotzn@lemmy.sdf.org to

Europe@feddit.orgEnglish · 11 days ago

5

Client Challenge

German chancellor Friedrich Merz has called on the EU to use frozen Russian assets to finance Ukraine’s war effort, arguing the move could unlock a €140bn loan for Kyiv and show “staying power” against Russian aggression.

In a stark reversal of Berlin’s previous scepticism about tapping seized Russian assets, Merz said the loan should be used to fund military equipment, with EU governments deciding on procurement alongside Kyiv.

The appeal from the leader of Europe’s largest economy and Ukraine’s biggest backer comes as the European Commission examines options to leverage the €194bn worth of Russian assets held at Euroclear, Belgium’s central security depository.

[…]

Chat

PotatoLibre@feddit.it
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11 days ago
Oligarch’s money and villas.

Italy still have Putin’s yachts which is worth almost 1bn.
- rbn@sopuli.xyz
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  11 days ago
  Are there really people willing to buy Putin’s personal yacht? Even at a huge discount that sounds like it might end up as a dangerous trip.
  - PotatoLibre@feddit.it
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    10 days ago
    Eh eh, it probably has an autodestruction device alredy in.

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