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Merz says frozen Russian assets must stay in Europe amid reported US proposal

European leaders rejected the plan as Washington sought leverage for a limited ceasefire and proposed unlocking up to $100 billion in frozen Russian reserves.

  • On Thursday, German Chancellor Friedrich Merz affirmed European officials rejected a United States proposal to transfer some €260 billion in frozen Russian assets into a Washington-managed vehicle intended to revive peace talks.
  • U.S. special envoy Steve Witkoff and Jared Kushner presented the plan during meetings in Miami last week, aiming to use frozen funds as an incentive to revive peace negotiations between Russia and Ukraine.
  • Finnish Prime Minister Petteri Orpo led opposition, stating "the idea of releasing these assets is completely out of the question" and emphasizing funds must remain under European oversight for Ukraine.
  • Currently, the European Union channels earnings from immobilized reserves toward assistance for Ukraine while insisting the principal assets remain frozen within the bloc's control indefinitely.
  • Kremlin spokesperson Dmitry Peskov vowed to pursue "stolen assets" through legal proceedings, highlighting tensions between Washington's negotiation tactics and European insistence on maintaining pressure against Moscow.
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Right

America wanted to move the frozen assets into its own fund. Merz objects. The 27 to the president-actor: 'Moderate your tone with Trump'. The article The EU is fighting with the US over Russian assets. Then she curses Zelensky comes from The Truth.

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Lean Left

Federal Chancellor Friedrich Merz does not want to share confiscated assets from Russia with the US. At the same time, he promotes further or even stronger support for Ukraine. But not everyone in Europe thinks so.

·Hamburg, Germany
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espreso.tv broke the news in Kyiv, Ukraine on Saturday, October 10, 2026.
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