The German federal government’s current budget planning does not provide for the allocation of new funds to support Ukraine, and the opposition is talking about freezing financial and, consequently, military support for Kyiv.
Ukraine’s allies confiscated about US$300 billion after the massive Russian missile attack, and the G7 countries decided at their summit in Italy to use the proceeds to finance a US$50 billion loan for Kyiv. Lindner now expects Ukraine to use the money to “cover a large part of its military needs”.
If this were to happen, German money would not be needed for some time. However, the G7 decision is far from being implemented and is legally controversial. International negotiations are ongoing, and no one in any of the federal agencies FAS spoke to knows how long it will take before the money finally arrives.
Why would they repackage confiscated money as a loan instead of simply giving it Ukraine?
Billionaire reasons
You wouldn’t understand