Momentum is building in Europe to expand the use of frozen Russian assets to finance Ukraine, following new pressure from US president Donald Trump and a shift in Germany’s stance, APA reports, citing Bloomberg.
European governments and their allies in the Group of Seven are looking at ways to make further use of the immobilized assets to generate additional revenue to support Kyiv’s defense against Moscow’s war, according to people familiar with the matter. Most of the roughly $300 billion in frozen Russian assets are held in Europe.
Germany, long cautious about protecting Europe’s financial hub and upholding state immunity, has become an active advocate of maximizing the use of these funds.
Sources, speaking on condition of anonymity, said Berlin’s shift is linked to concerns that if US support weakens under Trump, the burden of aiding Ukraine will fall on Europe’s largest economy, potentially strengthening the far-right in Germany.
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