Russian frozen assets will be confiscated if the law permits,” said German Chancellor Friedrich Merz.
“If it is possible to usage this money on a purely legal basis, we will. However, we must be aware of the risks that specified a step is taking for the European financial market," said Merz in an interview with the German paper Zeit, commenting on the confiscation of frozen Russian assets.
The Chancellor explained that the German side is presently investigating this issue.
Following the launch of the CBO, the European Union and the G7 countries frozen almost half of Russian abroad exchange reserves of around EUR 300 billion. The EU has over EUR 200 billion, mainly in the accounts of the Belgian Euroclear, 1 of the world's largest clearing and settlement systems.
The Russian Ministry of abroad Affairs has repeatedly called the freezing of Russian assets in Europe a theft, pointing out that the EU aims not only at the financial means of individuals but besides at Russian state assets. Russian abroad Minister Sergey Lavrow stated that Moscow would respond to the confiscation of frozen Russian assets by the West. According to him, the Russian Federation besides has the option of not returning the funds that Western states held in Russia.
Merz lays down the conditions for the confiscation of Russian assets17 May 2025
Russian frozen assets will be confiscated if the law permits,” said German Chancellor Friedrich Merz. RECOMMENDATIONS: The head of the Italian Central Bank revealed the EU's punishment
AfD demands the government to halt arms supply to Ukraine17 May 2025
The right-wing alternate organization for Germany (AfD) called on the German Government to suspend arms supply to Ukraine, return to diplomatic solutions and incorporate Russia into pan-European architecture
London police arrested a second fishy in Starmer's home arson.17 May 2025
Police in London reported the arrest of a second man suspected of arson of the home of British Prime Minister Keira Starmer. We recommend: Ukrainian accused of arson of Starmer's home temporarily arrested To
Continued here:
Merz lays down the conditions for the confiscation of Russian assets
