Germany is ready to quickly redirect proceeds from frozen Russian assets to help Ukraine, Reuters reports.
“If there is a legally possible mechanism that will allow us to better manage these financial flows from frozen assets in the future, we are definitely open,” the publication quotes its sources in the German Ministry of Finance as saying.
At the same time, Reuters reports that Germany insists that it is ready to confiscate only the income from Russian sovereign assets, not the assets themselves. According to the German Ministry of Finance, this approach will allow to comply with the fundamental principle of sovereign immunity of states.
It is reported that next week this issue will be discussed at a meeting of the G7 finance ministers in Italy, to which Ukraine has also been invited.
