The German government is willing to consider a European Union initiative to release frozen Russian assets for Ukraine, a government source told Reuters on Thursday.
According to Politico, the proposal would see up to €200 billion ($235 billion) of Russian funds, currently held in a Belgian depository, redirected to Ukraine and replaced with EU-backed bonds.
The plan, aimed at securing financial support for Kyiv amidst doubts over U.S. commitment under President Donald Trump, is expected to dominate discussions at an informal EU summit in Copenhagen next week.
So far, the EU has only channelled the interest accrued from the frozen Russian assets, which were blocked following Moscow’s invasion of Ukraine in February 2022.
Germany, the bloc’s largest economy and Ukraine’s second-biggest military supporter, has previously raised legal objections to any attempt to seize the funds outright. However, Finance Minister Lars Klingbeil signalled last week that Berlin was reconsidering its position on the contentious issue.
“The German government is open to discussions on the European Commission’s latest proposals,” the government source said, without confirming the details.
While the United States has long been Ukraine’s primary backer and arms supplier, Trump has insisted Europe should shoulder a far greater share of its own defence responsibilities.
As leaders from across Eurasia gather in Kyrgyzstan for the Shanghai Cooperation Organisation (SCO) summit, the...
Iran has reached an understanding with Oman on transit arrangements through the Strait of Hormuz, but the waterway will remain closed until the U.S...
The death toll from last week's catastrophic floods in Nepal and Tibet rose to 750 on Sunday, with 3,044 people s...
Iranian Foreign Minister Abbas Araghchi accused U.S. government and Israel-aligned actors of manipulating energy markets to promote the war with Iran.
Iran has reached an understanding with Oman on transit arrangements through the Strait of Hormuz, but the waterway will remain closed until the U.S. fulfils its commitments, a senior Iranian diplomat said on Saturday.
Russian strikes on the Kyiv region overnight killed 37 people, Ukrainian President Volodymyr Zelenskyy has said. Zelenskyy added that the Ukrainian capital was under "virtually nonstop attack" from drones.
At least 37 people were killed after a Russian drone strike hit an ammunition depot in the Kyiv region, triggering powerful secondary explosions President Volodymyr Zelenskyy said on Saturday, vowing to punish suspected negligence in the second such incident in two months.
Icelanders will vote on Saturday, 29 August, on whether to resume negotiations with the European Union, in a referendum that could reopen the country’s long-debated membership question.
As leaders from across Eurasia gather in Kyrgyzstan for the Shanghai Cooperation Organisation (SCO) summit, the meeting is bringing together countries with very different interests, from China and Russia to India, Iran and Azerbaijan.
At least 37 people were killed after a Russian drone strike hit an ammunition depot in the Kyiv region, triggering powerful secondary explosions President Volodymyr Zelenskyy said on Saturday, vowing to punish suspected negligence in the second such incident in two months.
The death toll from last week's catastrophic floods in Nepal and Tibet rose to 750 on Sunday, with 3,044 people still missing, as fresh rainfall pushed up river levels and forced rescuers to move to higher ground.
Türkiye, Saudi Arabia and Pakistan are set to convene the first high-level meeting under their newly established Mecca Joint Defence Agreement, marking an early step in efforts to deepen military and security cooperation among the three countries.
In Nepal's Chitwan district, a region better known for its forests, wildlife and pilgrimage sites, authorities are carrying out mass burials for hundreds of victims of the country's devastating glacier-triggered floods as the scale of the disaster continues to unfold.
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