German Chancellor Friedrich Merz has said he would advocate for the use of Russian assets frozen in the West to provide a 140 billion euro ($163 billion) loan to Ukraine to finance its war effort at the upcoming EU summit.
Friedrich Merz first advocated for an interest-free EU loan backed by the frozen assets in late September.
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Merz said in a speech to the Bundestag lower house of parliament that, “We do not want to do this in order to prolong the war, but to end it.”
“(Russian President Vladimir) Putin must realise that our support for Ukraine will not wane, but will grow, and that he cannot count on outlasting us,” he added.
REUTERS