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.
French President Emmanuel Macron said on Tuesday (25 November) that France, together with other European Union member states, will finalise a mechanis...
French police arrested four further suspects on Tuesday as part of the investigation into the audacious Louvre jewel heist last month, Paris prosecuto...
A major fire continues to rage at a warehouse in Southall, west London, sending thick plumes of black smoke into the sky hours after it first broke ou...
Georgia has formally invited Pope Leo XIV to visit Tbilisi in 2026, following Prime Minister Irakli Kobakhidze’s meeting with the Pontiff at the Vat...
The IDF confirmed on Tuesday that the remains of an Israeli hostage has been received by the International Committee of the Red Cross and is on its wa...
French President Emmanuel Macron said on Tuesday (25 November) that France, together with other European Union member states, will finalise a mechanism in the coming days to provide financial support to Ukraine, using frozen Russian assets as a key component.
French police arrested four further suspects on Tuesday as part of the investigation into the audacious Louvre jewel heist last month, Paris prosecutor Laure Beccuau said in a statement.
A major fire continues to rage at a warehouse in Southall, west London, sending thick plumes of black smoke into the sky hours after it first broke out.
Georgia has formally invited Pope Leo XIV to visit Tbilisi in 2026, following Prime Minister Irakli Kobakhidze’s meeting with the Pontiff at the Vatican on Monday 24th November.
The Hayli Gubbi volcano in north-eastern Ethiopia erupted on Sunday for the first time in over 12,000 years, before halting on Monday, according to the Toulouse Volcanic Ash Advisory Center.
Cameras from the United States Geological Survey (USGS) on Saturday (22 November) captured Hawaii's Kilauea volcano spewing flowing lava from its crater in its latest eruption.
Italy captured a remarkable third consecutive Davis Cup title on Sunday, with Matteo Berrettini and Flavio Cobolli securing singles victories in a 2-0 triumph over Spain in Bologna.
U.S. President Donald Trump has told his advisers that he plans to speak directly with Venezuelan President Nicolas Maduro according to Axios, as Washington designated him as the head of a terrorist organisation on Monday. A claim Maduro denies.
Chinese President Xi Jinping has once again expressed strong support for Venezuelan President Nicolás Maduro, condemning foreign interference and criticising U.S. actions in the region.
French President Emmanuel Macron said on Tuesday (25 November) that France, together with other European Union member states, will finalise a mechanism in the coming days to provide financial support to Ukraine, using frozen Russian assets as a key component.
French police arrested four further suspects on Tuesday as part of the investigation into the audacious Louvre jewel heist last month, Paris prosecutor Laure Beccuau said in a statement.
A major fire continues to rage at a warehouse in Southall, west London, sending thick plumes of black smoke into the sky hours after it first broke out.
Chinese President Xi Jinping has once again expressed strong support for Venezuelan President Nicolás Maduro, condemning foreign interference and criticising U.S. actions in the region.
French President Emmanuel Macron has expressed cautious optimism about U.S. President Donald Trump's peace plan for Ukraine, acknowledging its potential but stressing that key aspects need further negotiation to make it acceptable for Ukraine and Europe.
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