Germany supports the US plan for financial assistance to Ukraine at the expense of frozen Russian assets
Germany supports the US initiative to use revenues from frozen Russian assets for financial assistance to Ukraine, the volume of which may reach 50 billion dollars.
It informs Bloomberg.
As the agency notes, the US proposal is gaining momentum and will be a key topic of discussion at the meeting of finance ministers and heads of central banks of the “Big Seven” countries, which will begin on May 23 in Italy.
Although the final decision is expected only in June at the meeting of the leaders of the “Big Seven”, and the implementation of the plan can begin only next year, this initiative is of great importance for the financial stability of Ukraine and is a signal to Russia of the unwavering support of Kyiv from the allies.
The frozen assets of the Russian central bank, stored mainly in Europe, can bring about 5 billion euros a year. According to the US plan, these revenues will be assessed in advance and given to Ukraine in the form of an advance loan.
While some European countries have raised concerns about the legality and financial risks of such a move, the latest US proposal, which involves using only interest from frozen assets, has been received more positively.
