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.
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Russian sailors aboard a naval frigate fired warning shots at a civilian yacht in the English Channel on Tuesday after the vessel reportedly came too close, according to a source familiar with the incident.
China has successfully launched an experimental satellite designed to monitor the space environment, marking another step in the rapid expansion of its national space programme.
American technology company Snap has launched its first augmented-reality (AR) glasses for consumers, marking a major push into wearable computing as tech firms race to redefine personal devices in the AI era.
A senior U.S. official said on Monday that the memorandum of understanding linked to the U.S.-Iran agreement had been signed by President Donald Trump, Vice President JD Vance and Iranian Parliament Speaker Mohammad Bagher Qalibaf.
Israeli Prime Minister Benjamin Netanyahu has told U.S. President Donald Trump that Israel does not consider itself bound by a Lebanon-related provision in an emerging agreement with Iran, according to Israeli officials.
A strong 6.7-magnitude earthquake struck Indonesia's Sulawesi island early Tuesday, killing at least one person and injuring four, according to emergency authorities.
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.
Ukraine has said it struck an oil refinery in Russia’s Moscow region, marking one of the deepest reported attacks into Russian territory in recent months.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 17 June, covering the latest developments you need to know.
Brazil's Supreme Court on Tuesday convicted former lawmaker Eduardo Bolsonaro, a son of ex-President Jair Bolsonaro living in the U.S., of courting interference from the Trump administration in his father's trial last year for a coup plot.
South Korea will shift a line running parallel to the military border with North Korea to narrow the area that restricts civilian access to reflect an evolving security environment and for the convenience of local residents, the defence minister said on Wednesday.
A cyber extortion group has claimed it stole more than a terabyte of data from Danish pharmaceutical giant Novo Nordisk after the company allegedly refused to pay a $25 million ransom.
Indian Prime Minister Narendra Modi said on Tuesday (16 June) that a lack of respect for international law remains the “biggest hurdle” to building international solidarity, as he addressed an outreach session at the G7 Summit in Evian.
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