German minister confident a way will be found to use Russia's frozen assets

Chancellor Merz and party leaders hold a press conference after coalition committee talks in Berlin

Social Democratic Party (SPD) co-leader and German Finance Minister Lars Klingbeil speaks during a press conference with Christian Social Union (CSU) leader and Bavarian Premier Markus Soeder, German Chancellor and leader of the Christian Democratic Union (CDU) Friedrich Merz and SPD co-leader and German Labour and Social Affairs Minister Baerbel Bas after coalition committee talks in Berlin, Germany, October 9, 2025. REUTERS/Fabrizio Bensch

Source: REUTERS

German Finance Minister Lars Klingbeil said on Friday that he is confident European Union countries will find a solution to use Russian central bank assets to help Ukraine.

The European Union is searching for a way to finance Ukraine's defence and reconstruction with Russian central bank assets immobilised in the West after Moscow's invasion.

Under international law, sovereign assets cannot be confiscated.

"The political goal is clear: We want to use the frozen Russian assets, but there are still quite a number of questions that need to be clarified internally," said Klingbeil in Luxembourg ahead of a meeting of European finance ministers.

Klingbeil said "legally secure ways" need to be found but added that he is sure this goal will be achieved.

This article was produced by Reuters news agency. It has not been edited by Global South World.

By Reuters