Putin Targets Western Assets — EU Risks Delay on Ukraine Aid

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Sanctions and Russia

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There is a momentum building on Russian frozen assets and the momentum is triggered by a shift in German stance on this issue...a very bold proposal to make use of total value of Russian frozen assets as a zero interest loan to Ukraine. With the condition that the funds will be spent in Europe on European military equipment. So with this concept, we support both Ukraine, but also the European defence industry and European Commission says that the concept is legally sound as this loan will be guaranteed collectively by all 27 member states."