Germany Approves Transfer of Frozen Russian Assets to Ukraine
German Chancellor Friedrich Merz has agreed to utilize frozen assets from the Russian Central Bank held in Germany to support Ukraine. The assets, valued at 90 billion euros, will be used over two years to provide loans to Ukraine.
According to the International Desk of Webangah News Agency, German Chancellor Friedrich Merz has given the green light for using frozen Russian Central Bank assets in Germany to aid Ukraine. The decision involves leveraging these assets, which amount to 90 billion euros, over the next two years to issue loans to Ukraine.
The funds are part of assets frozen in response to the ongoing conflict and will be channeled to support Ukraine’s financial stability amid geopolitical tensions.
© Webangah News Agency,
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