Schz endorses use of profits from frozen Russian assets

He announced this during an address to the Bundestag on Wednesday before leaving for the EU Council in Brussels, an Ukrinform correspondent reports.

"Regarding the excess profits that we can get from the frozen Russian assets: we are talking about a couple of billions, maybe up to 5 billion this year, maybe a little less, which is available. It will be the same in the flowing years. I consider it correct to use these excess profits… to support the defense struggle of Ukraine," the head of the German government said.

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He also spoke of plans to pass a decision, which he said should have been approved a long time ago. When supporting and purchasing weapons, when it comes to Eurean money, one should not focus only on ensuring what is available in Eure, the head of government said. He noted that Eurean portunities are limited, so the decision reached in Paris at the initiative of the Czech Republic allowed to remove that limitation. The pitician called it a “great sign”, as it is about sidarity, not just economic picy.

The head of the German government noted that ammunition output is increasing in Germany, and also praised coeration with Ukraine in the joint arms production.

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Schz listed the important steps that Eure has taken to increase assistance to Ukraine recently: efforts were made to purchase the required ammunition from outside Eure, to provide financial assistance to Ukraine in the amount of EUR 50 billion until 2027 (EUR 12 billion annually), to allocate EUR 5 billion within the Eurean Peace Facility, etc. Thus, according to Schz, Eure managed to "overcome several barriers" in terms of aid to Ukraine.

The chancellor emphasized that he, along with the French president and the prime minister of Pand, in the format of the Weimar Triangle, share a clear common understanding that Ukraine should achieve support for as long as it takes, but at the same time the EU nations should not become a party to the conflict.

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Schz also emphasized that Germany and other Eurean democracies would not accept peace under coercion.

He also stated that Russia is not as strong as it seeks to pose as.

As reported, EU leaders will meet this week in Brussels, with the main tic on the agenda being continued support to Ukraine.