Bloomberg: Germany Has Changed Its Position On The Use Of Russian Assets For Ukraine

Berlin is more determined.

Europe is stepping up pressure on Russia and looking for ways to compensate Ukraine. Germany has softened its cautious stance and favors the use of frozen funds.

This is reported by Bloomberg.

Europe is ramping up pressure

According to the publication, there is a growing movement in Europe to expand the use of frozen Russian assets to finance Ukraine. Such a move was made possible after new pressure from U.S. President Donald Trump and a change in Germany's stance.

European governments and their G7 allies are exploring ways to further use frozen assets to increase revenues to support Kiev's defense against Russian aggression. Most of the estimated $300 billion in frozen Russian assets are in Europe.

European Commission President Ursula von der Leyen said earlier this month that the EU must find new ways to make Russia pay for the war.

"We urgently need to work on a new solution to finance Ukraine's efforts on the basis of frozen Russian assets," she said during her State of the Union address. "With the money associated with these Russian assets, we can provide Ukraine with a loan for reparations."

Germany's changing position

Germany, long cautious about protecting Europe's financial center and respecting state immunity, has become a strong advocate for maximizing the use of these funds.

Sources who wished to remain anonymous said Berlin's shift is linked to concerns that if US support under Trump wanes, the burden of aid to Ukraine will fall on Europe's largest economy, which could increase the influence of far-right forces in Germany.

The initiative is not expected to lead to outright confiscation, which the US and some Eastern European countries continue to call for. The EU, G7 countries and Australia froze Russian central bank assets after the invasion began and agreed to direct interest on them to Ukraine.

Future steps

The topic will be discussed at a meeting of EU finance ministers in Copenhagen this week and among EU leaders in October. A final decision is scheduled to be taken at a summit of EU leaders on October 23-24.

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