Europe’s Going After Russia’s Frozen Assets After All

Germany’s vocal support for mobilizing hundreds of billions of Moscow’s reserves could be a game-changer for Ukraine.

Friedrich Merz is seen from above and behind as he wears a dark blue suit and stands against a background of gray stones tiles. His arms are at his side. His shadow extends behind him, to the left, creating a sharp angle of slightly more than 90 degrees. September 26, 2025, 12:00 PM Comment icon View Comments ( )

Europe has finally found the will and a way to tap frozen Russian assets to support Ukraine—sort of.

On Thursday, German Chancellor Friedrich Merz called for the large-scale mobilization of frozen Russian Central Bank assets to underwrite Ukraine to the tune of about 140 billion euros ($164 billi

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