Copyright © 2024 Euromaidanpress.com

The work of Euromaidan Press is supported by the International Renaissance Foundation

When referencing our materials, please include an active hyperlink to the Euromaidan Press material and a maximum 500-character extract of the story. To reprint anything longer, written permission must be acquired from [email protected].

Privacy and Cookie Policies.

Germany ready to use revenues from frozen Russian assets for Ukraine aid, ministry sources told Reuters

Reuters says its German Finance Ministry sources state that Germany is prepared to use the revenues from frozen Russian assets to help Ukraine’s war efforts.
frozen Russian assets
Frozen Russian assets. Illustrative photo via RT.
Germany ready to use revenues from frozen Russian assets for Ukraine aid, ministry sources told Reuters

Germany is open to utilizing revenues from frozen Russian assets to support Ukraine’s war efforts, according to Reuters, referring to German Finance Ministry sources. The US aims to get G7 agreement next week on forwarding interest earnings from the $300 billion in frozen Russian assets to provide funds for Ukraine.

Reuters says one German source stated they are “certainly prepared” to use a legally viable mechanism to access financial flows from the frozen assets for Ukraine’s benefit. However, Germany remains reserved about directly using the frozen assets themselves, emphasizing the importance of respecting international laws like state immunity.

A Finance Ministry spokesperson confirmed the focus is on using income from the frozen assets, not the assets themselves, to preserve fundamental principles of international law. The Ukrainian finance minister will attend the upcoming G7 meeting on this matter.

G7 considers €30 bn Ukraine loan using frozen Russian assets

Yesterday, the EU approved using the proceeds from frozen Russian Central Bank assets to support Ukraine.

Read also:

You could close this page. Or you could join our community and help us produce more materials like this.  We keep our reporting open and accessible to everyone because we believe in the power of free information. This is why our small, cost-effective team depends on the support of readers like you to bring deliver timely news, quality analysis, and on-the-ground reports about Russia's war against Ukraine and Ukraine's struggle to build a democratic society. A little bit goes a long way: for as little as the cost of one cup of coffee a month, you can help build bridges between Ukraine and the rest of the world, plus become a co-creator and vote for topics we should cover next. Become a patron or see other ways to support. Become a Patron!

To suggest a correction or clarification, write to us here

You can also highlight the text and press Ctrl + Enter

Please leave your suggestions or corrections here



    Euromaidan Press

    We are an independent media outlet that relies solely on advertising revenue to sustain itself. We do not endorse or promote any products or services for financial gain. Therefore, we kindly ask for your support by disabling your ad blocker. Your assistance helps us continue providing quality content. Thank you!

    Related Posts