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.
U.S. President Donald Trump is meeting Türkiye’s President Recep Tayyip Erdoğan at The White House on Thursday, with Washington signalling it may ...
Sean "Diddy" Combs is due to appear in court on Thursday for a hearing over his bid to set aside a jury's verdict finding the hip-hop mogul guilty on ...
Türkiye has deployed an airborne warning and control aircraft to Lithuania this week as part of NATO security measures, after a series of Russian dro...
The Organization of Islamic Cooperation’s (OIC) first Contact Group meeting on Afghanistan was held on the sidelines of the United Nations General A...
Israeli police said on Thursday (25 September) they had arrested a man for threatening to assassinate Prime Minister Benjamin Netanyahu....
U.S. President Donald Trump is meeting Türkiye’s President Recep Tayyip Erdoğan at The White House on Thursday, with Washington signalling it may lift a hold on advanced fighter-jet sales to Ankara.
Sean "Diddy" Combs is due to appear in court on Thursday for a hearing over his bid to set aside a jury's verdict finding the hip-hop mogul guilty on prostitution charges but clearing him of more serious counts of sex trafficking and racketeering.
The Organization of Islamic Cooperation’s (OIC) first Contact Group meeting on Afghanistan was held on the sidelines of the United Nations General Assembly (UNGA). The meeting took place in New York during the 80th session of the UN General Assembly.
Türkiye has deployed an airborne warning and control aircraft to Lithuania this week as part of NATO security measures, after a series of Russian drone and jet incursions into allied airspace.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
U.S. President Donald Trump is meeting Türkiye’s President Recep Tayyip Erdoğan at The White House on Thursday, with Washington signalling it may lift a hold on advanced fighter-jet sales to Ankara.
Sean "Diddy" Combs is due to appear in court on Thursday for a hearing over his bid to set aside a jury's verdict finding the hip-hop mogul guilty on prostitution charges but clearing him of more serious counts of sex trafficking and racketeering.
Türkiye has deployed an airborne warning and control aircraft to Lithuania this week as part of NATO security measures, after a series of Russian drone and jet incursions into allied airspace.
The Organization of Islamic Cooperation’s (OIC) first Contact Group meeting on Afghanistan was held on the sidelines of the United Nations General Assembly (UNGA). The meeting took place in New York during the 80th session of the UN General Assembly.
Israeli police said on Thursday (25 September) they had arrested a man for threatening to assassinate Prime Minister Benjamin Netanyahu.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment