Scholz reaffirms Germany’s leading role in supporting Ukraine
Scholz also emphasized Germany's crucial role in implementing a G7 initiative to unlock $50 billion in frozen Russian assets for Ukraine's reconstruction. Meanwhile, the funds have not yet reached the country, Ukrainian officials said.
German Chancellor Olaf Scholz told journalists on the sidelines of meetings in New York that Germany currently provides the most significant support to Ukraine among European countries and will continue to do so.
Recently, German Defense Minister Boris Pistorius said that while his country pays a high price for aiding Ukraine in its struggle against Russia, the support must continue as Kyiv’s defeat would be far more costly for the West.
“As everyone in Ukraine knows, we provide the largest support in Europe. And we will continue doing so. We are also very reliable in our support,” Scholz said.
He stated that Germany, as part of the G7, has developed a plan to provide Ukraine with $50 billion from frozen Russian assets.
“Now we will ensure that Europe contributes to making the European part quickly available so that our friends in Canada, the US, the UK, and Japan can also make their contributions,” the head of the German government said.
Despite claims on Russian assets, Ukraine hasn’t yet received these crucial funds, said recently Deputy Head of the Office of the President Iryna Mudra.
Ukraine still awaits $ 50 billion from frozen Russian assets amid legal and political uncertainty
The country still does not understand the mechanisms, conditions, and timing of when it will receive $50 billion from these assets, the official added.
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