×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Wednesday
14
Oct 2026
weather symbol
Athens 15°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by
> World

Bloomberg: Germany changes stance on the use of frozen Russian assets for the benefit of Ukraine

The possibility that the US will reduce its military support to Ukraine under President Trump forces Berlin to take a fresh look at the use of these funds

Newsroom September 17 07:02

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

The German government has reportedly changed its stance on the use of frozen Russian assets for the benefit of Ukraine, according to Bloomberg.

Right now, European governments and their allies in the G7 are looking for ways to further utilize the frozen assets to generate additional revenue to support Ukraine’s defense in the midst of the war with Russia.

The vast majority of these approximately $300 billion in frozen assets of Moscow are located in Europe.

Earlier this month, European Commission President Ursula von der Leyen said in a speech that the European Union must find new ways to make Russia pay for its war.

According to sources, Germany, which has traditionally been wary of protecting Europe’s financial center and respecting the immunity of states, has become a strong advocate of extracting maximum profits from these funds.

The change in Berlin’s stance comes amid concerns that if US support for Ukraine declines under Donald Trump‘s presidency, then that support will fall on the backs of Europe’s largest economy, which could further boost the rise of far-right forces in Germany.

It should be noted that such a step would not lead to the complete confiscation of Russian assets, something the US and some Eastern European countries continue to support.

The EU, G7 countries, and Australia froze Russia’s central bank assets after Moscow invaded Ukraine, and last year, the allies agreed to direct the profits from the income from those assets to aid Ukraine.

The issue is expected to be raised by some EU finance ministers at a meeting in Copenhagen this week and among EU leaders in October.

>Related articles

Analysis: G7 oil stock release will only briefly cool prices, analysts warn

Europe to release huge share of its diesel reserves, says Trump, as G7 puts 100 million barrels on the market

Mitsotakis to Citi and Bank of America: “Greece now has lower borrowing costs than four G7 countries”

 

 

 

Ask me anything

Explore related questions

#frozen Russian assets#G7
> More World

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Brent crude hits $107 after fresh Middle East attacks, with Saudi Aramco targeted and Turkey drawn into the crisis

October 14, 2026

Pope Leo XIV diagnosed with lung adenocarcinoma: what the condition means

October 14, 2026

Greece’s next steps after Guilfoyle’s removal: what will determine her successor’s appointment

October 14, 2026

Greece faces worst day of storm as 112 alert issued for Evia and ferries cancelled

October 14, 2026

Two young men remanded over knife attack on 32-year-old in Elefsina: ‘He attacked us first’

October 14, 2026

Josh Huck to temporarily succeed Kimberly Guilfoyle: Who is the No.2 at the US Embassy in Athens?

October 13, 2026

Greek diplomatic sources: Libya’s claims regarding exploration south of Crete are baseless – Greece will continue dialogue

October 13, 2026

Opinion Poll: New Democracy at 30.3% – PASOK narrows gap with ELAS to 3.6 points – Kasidiaris-backed party at 3.5%

October 13, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα