Germany spoke out against the complete confiscation of Russian assets
The position of the German government on frozen Russian assets and assistance to Ukraine remains unchanged, despite some changes in the plans of the European Commission. Cabinet spokesman Steffen Hebestreit confirmed on May 22 at a briefing that proceeds from frozen assets will be used to help Ukraine, instead of confiscating the assets themselves.
“Our position remains the same: we are talking about income from frozen assets , and not about the assets themselves,” TASS quotes him as saying.
The German government emphasized that the assets of the Russian Central Bank should remain untouched. The Reichstag believes that this will help maintain stability in the financial system and avoid possible negative consequences for the global economy.
The European Commission plans to withdraw income from Russian assets frozen in the European Union starting in July of this year. This move will be carried out twice a year, demonstrating the European Union's continued support for Ukraine. It is estimated that in 2024 the amount of assistance to Kyiv based on this decision could reach three billion euros.