Germany Eccentrically Using Russian Assets To Halve Its Aid to Ukraine

Germany is preparing a Federal spending budget for 2025 in which its military and financial aid to Ukraine is cut in half, from €8 billion in 2024 to €4 billion in 2025. Reuters reported today that Germany is simply going to count on Ukraine getting $50 billion in long-term bonds to be issued by leveraging the interest on Russian assets seized (frozen) by the U.S. Treasury and the European Commission. Finance Minister Christian Lindner of the Christian Democratic coalition partner told a news conference on July 17, “Ukraine’s financing is secured for the foreseeable future thanks to European instruments and the G7 loans.”