Germany Shifts Stance on Frozen Russian Funds, Now Supports Use for Ukraine, Bloomberg Reports

Germany shifts stance on frozen Russian funds, now supports use for Ukraine, Bloomberg reports

Germany's previously cautious position on seizing the assets has shifted recently, partly as a result of fears that if the U.S. completely pulls aid to Ukraine, the burden to support Kyiv will fall disproportionately on Berlin, according to Bloomberg.

Germany Backs Further Use of Frozen Russian Assets for Ukraine

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.

Germany has revised its stance on using frozen Russian assets.

The German government has changed it stance and now supports the idea of directly using these assets to aid Ukraine. Berlin’s shift in position occurs amid fears that, after the reduction of US support for Ukraine under Donald Trump, the main burden will fall on Europe’s largest economy, potentially increasing the influence of far-right groups. Currently, the EU and G7 partners are exploring mechanisms to boost Kyiv’s financing using the proceed…