Merz: Ukraine — not US — must be sole beneficiary of Russian frozen assets
Merz said Russian frozen assets held in Europe must be used exclusively to support Ukraine’s military capabilities
BERLIN, Germany (MNTV) – German Chancellor Friedrich Merz said Russian frozen assets held in Europe must be used exclusively to support Ukraine’s military capabilities and should not benefit the United States in any form.
Speaking to journalists in Berlin, Merz said the assets are needed to sustain Ukraine “for two to three years,” particularly to support the country through the coming winter and to prepare for a potentially prolonged war.
“This is a European matter, and I see, economically, no way of allowing the money we mobilize to go to the U.S. in any form. And the American government knows that,” Merz said, stressing that this position reflects a unified European stance.
His remarks came in response to U.S. President Donald Trump’s suggestion that billions in frozen Russian assets in Europe could be redirected to benefit the U.S. government and American companies.
Merz’s proposal — first announced in September — envisions a €140 billion ($163 billion) loan backed by frozen Russian assets to strengthen Ukraine’s defenses and pressure Moscow into negotiations.
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