Germany announced its desire to use income from Russian assets for Ukraine

Germany announced its desire to use income from Russian assets for Ukraine

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Germany and EU partners are seeking to use “all legal avenues” to channel proceeds from Russian assets to support Ukraine. This is stated in the document on security guarantees between Kiev and Berlin.

Let us remind you that Ukrainian President Vladimir Zelensky and German Chancellor Olaf Scholz today signed an agreement on security guarantees.

The document, among other things, states that Germany will provide assistance to Ukraine as long as needed.

Let us remind you that the EU has about 200 billion euros of frozen Russian assets, mainly in accounts with the Belgian company Euroclear. Last October, the company said it had earned about 3 billion euros in interest from investing sanctioned assets.

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