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.
Azerbaijan, strategically located at the crossroads of Eastern Europe and Central Asia, has long understood the importance of fostering strong relatio...
European Commission President Ursula von der Leyen highlighted key developments in the ongoing peace efforts to end the war in Ukraine, stressing the ...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 16th of December, covering the latest developments you need to...
Thousands gathered at vigils across Australia on Monday evening to honour the 15 people killed in a terror attack at Sydney's Bondi Beach on Sunday. T...
As Europe grapples with how to best support Ukraine in its ongoing battle against Russian aggression, key meetings in Brussels and Berlin are testing ...
Azerbaijan, strategically located at the crossroads of Eastern Europe and Central Asia, has long understood the importance of fostering strong relations with its Central Asian neighbours.
President Donald Trump has filed a defamation lawsuit against the BBC over edited footage of a speech that made it appear he encouraged supporters to storm the U.S. Capitol 6 January 2021, marking an international extension of his ongoing battle against media coverage he deems inaccurate or biased.
European leaders are searching for ways to keep Ukraine afloat as the war with Russia continues, and as financial support from the United States declines.
Ukrainian President Volodymyr Zelenskyy engaged in high-level talks in Berlin from 14-15 December, with German Chancellor Friedrich Merz, U.S. envoys, and European leaders, focusing on security guarantees and the framework for a potential peace deal with Russia.
Russia’s human rights commissioner, Tatyana Moskalkova, has said that Ukraine has not provided Moscow with a list of thousands of children it alleges were taken illegally to Russia, despite the issue being discussed during talks in Istanbul.
An explosive device found in a vehicle linked to one of the alleged attackers in Bondi shooting has been secured and removed according to Police. The incident left 12 people dead.
Syrian President Ahmad al-Sharaa has offered condolences to President Donald Trump following an ISIS attack near the ancient city of Palmyra that killed two U.S. soldiers and a civilian interpreter, Syrian and U.S. officials said Sunday.
At least 17 people, including students, were killed and 20 others injured after a school bus fell off a cliff in northern Colombia on Sunday, authorities said.
At least 37 people have died and dozens of others were injured after flash floods swept through Morocco’s Atlantic coastal city of Safi on Sunday, authorities said.
European Commission President Ursula von der Leyen highlighted key developments in the ongoing peace efforts to end the war in Ukraine, stressing the importance of a robust peacekeeping force and the alignment between Ukraine, Europe, and the United States.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 16th of December, covering the latest developments you need to know.
Thousands gathered at vigils across Australia on Monday evening to honour the 15 people killed in a terror attack at Sydney's Bondi Beach on Sunday. The mass shooting at a Hanukkah celebration is being treated as terrorism, prompting the Australian national cabinet to tighten gun laws.
As Europe grapples with how to best support Ukraine in its ongoing battle against Russian aggression, key meetings in Brussels and Berlin are testing the continent's resolve.
U.S. President Donald Trump confirmed that his administration is examining whether Israel violated the Gaza ceasefire agreement by conducting an airstrike on Saturday (13 December) that killed Hamas leader Raad Saad.
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