Merz backs using Bank of Russia funds to help Ukraine
Frozen central bank assets could collateralise €140bn interest-free loan, says German chancellor
Friedrich Merz has endorsed using the Bank of Russia’s frozen assets as collateral for a loan to Ukraine.
In an opinion piece in the Financial Times on September 25, the German chancellor said he was breaking with previous policy in order to help end the war in Ukraine. He argued that Ukraine’s European allies “must systematically and massively raise the costs of Russia’s aggression”.
Merz recognised the issue of property rights. Instead of seizing the Bank of Russia’s assets, as other politicians
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