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.
Transit flows through Central Asian countries have increased by 70% between 2020 and 2024, according to the Eurasian Development Bank’s Transport Pr...
More than 200 electric buses from China have arrived in Tashkent as part of Uzbekistan’s plan to modernise its public transport system and cut carbo...
U.S. Defense Secretary Pete Hegseth warned Moscow on Wednesday that the United States and its allies would "impose costs on Russia for its continued a...
Kenya's veteran opposition leader Raila Odinga, who was imprisoned multiple times while fighting one-party autocracy and ran five times unsuccessfully...
President of the Republic of Azerbaijan Ilham Aliyev received a delegation led by Elina Valtonen, OSCE Chairperson-in-Office and Minister for Foreign ...
Transit flows through Central Asian countries have increased by 70% between 2020 and 2024, according to the Eurasian Development Bank’s Transport Projects Observatory.
More than 200 electric buses from China have arrived in Tashkent as part of Uzbekistan’s plan to modernise its public transport system and cut carbon emissions.
U.S. Defense Secretary Pete Hegseth warned Moscow on Wednesday that the United States and its allies would "impose costs on Russia for its continued aggression" if the war in Ukraine does not come to an end.
Kenya's veteran opposition leader Raila Odinga, who was imprisoned multiple times while fighting one-party autocracy and ran five times unsuccessfully for president, died aged 80 on Wednesday in India.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
U.S. Defense Secretary Pete Hegseth warned Moscow on Wednesday that the United States and its allies would "impose costs on Russia for its continued aggression" if the war in Ukraine does not come to an end.
Kenya's veteran opposition leader Raila Odinga, who was imprisoned multiple times while fighting one-party autocracy and ran five times unsuccessfully for president, died aged 80 on Wednesday in India.
Pakistan and the Afghan Taliban administration have agreed to a temporary ceasefire for 48 hours starting 6:00 p.m. Pakistan local time (1300 GMT) on Wednesday, Islamabad said, after fresh clashes erupted between the neighbours.
Trade tensions between the United States and China are once again flaring up, as President Donald Trump has signalled that he may consider ending certain trade relations with Beijing.
The insolvency-related fraud trial of fallen Austrian property tycoon Rene Benko entered its second day on Wednesday, with a ruling expected in the afternoon in the first case connected to the collapse of his Signa property empire.
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