US EditionGermany’s Merz urges EU to use frozen Russian assets to fund Ukraine through interest-free loan
German Chancellor Friedrich Merz backs a legally cautious EU plan to provide Ukraine with up to €140 billion in interest-free loans from frozen Russian assets, aiming to pressure Moscow.
- German Chancellor Friedrich Merz proposed issuing an interest-free EU loan backed by frozen Russian assets to fund Ukraine's war effort.
- The proposal marks a major policy shift for Berlin, which had previously been reluctant to use the frozen Russian funds.
- Merz stated the move is aimed at disrupting Russia's strategy and bringing Putin to the negotiating table.
61 Articles
61 Articles
EU member states will need to provide the relevant guarantees, writes the German Chancellor in an article in the Financial Times
Merz calls on EU to use frozen Russian assets for Ukraine defense loan
German Chancellor Friedrich Merz called on the EU to use frozen Russian assets to provide Ukraine with a $160 billion loan, saying he is "advocating the mobilization of financial resources on a scale that will secure Ukraine's military resilience for several years."
Merz Urges EU to Use Frozen Russian Assets for Ukraine’s Defense, Proposes $152B Military Loan
German Chancellor Friedrich Merz has called on the European Union to use frozen Russian assets to help finance Ukraine’s defense, suggesting the move could unlock a $152 billion loan for Kyiv and provide long-term support against Russian aggression, Financial Times reported on September 25. Merz said the funds should be directed toward purchasing military equipment, with procurement decisions taken jointly by EU governments and Ukraine. His prop…
In an emphasised route with previous cetism in relation to the use of Russian assets, Merz stated that the measure would allow the EU to lend EUR 14 000 million to Kiev.
Ukraine is to receive a loan of almost 140 billion euros from frozen Russian assets, which is how the Chancellor wants to force Russia to negotiate.
Coverage Details
Bias Distribution
- 44% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
