Germany Warms to US Plan to Tap Frozen Russian Assets for Ukraine Funds
- G-7 to hone options this week in Italy, June decision likely
- US seeks income from assets to back loan up to $50 billion
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In an about face, German officials are ready to support a US plan to leverage the future revenue generated from frozen Russian assets — mostly stranded in Europe — to back $50 billion in aid to Ukraine, according to people familiar with the discussions.
Germany’s assent could be a crucial step that brings Washington and its allies closer to securing a substantial new aid package for Kyiv and ensuring US engagement regardless of the outcome of the November election.