Berlin: Germany has taken a significant step by indicating its openness to a European Union proposal that seeks to release frozen Russian assets to support Ukraine’s war effort. The move, revealed by a government source, signals a potential shift in Berlin’s position and could reshape Europe’s financial response to the ongoing conflict.

The European Commission has outlined a plan that would transfer up to €200 billion in frozen Russian assets, currently held in a Belgian securities depository, to Ukraine. To safeguard European financial markets, these assets would be replaced with EU-backed bonds, ensuring stability while channeling crucial resources to Kyiv. Until now, EU member states have only drawn on the interest generated from these assets, seized after Russia’s full-scale invasio

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