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Germany Pushes to Unlock Frozen Russian Assets for $164 Billion Loan to Ukraine

By: Guy Birchall

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Germany Pushes to Unlock Frozen Russian Assets for $164 Billion Loan to Ukraine

Ukrainian President Volodymyr Zelenskyy, (L), is welcomed by Germany’s Chancellor Friedrich Merz upon arrival in Berlin, Germany, on Aug. 13, 2025 John MacDougall/AP

German Chancellor Friedrich Merz has called for the European Union to unlock up to 140 billion euros ($164 billion) in frozen Russian assets to aid Ukraine’s ongoing war against the country.

Merz set out his proposal in an article printed in the Financial Times, and also outlined his plans in a series of posts on X.

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