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Mmastodon WorldEU Politics first seen 2 d ago, last 2 d ago, peak #7

Merz rejects US control over frozen Russian assets

Original: ❗️German Chancellor Friedrich Merz says frozen Russian assets held in Europe must remain under European control, rejecti

German Chancellor Friedrich Merz says frozen Russian assets held in Europe must remain under European control, rejecting a proposal to transfer them to a US-controlled financial structure. "These are assets frozen in Europe, and they must remain frozen in Europe," he said, stressing European sovereignty over the funds as debate continues over how to use them to support Ukraine.

Why now: Western governments are actively debating the fate of frozen Russian assets and whether they should fund support for Ukraine, making control over the funds a live political dispute.

Friedrich MerzGermanyRussiaUnited StatesEuropean Union

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