Germany has renewed its push for European Union agreement on using frozen Russian assets to bolster Ukraine’s military capabilities. Speaking to reporters in Brussels on Wednesday, Foreign Minister Johann Wadephul urged member states to settle the issue before the upcoming EU leaders summit. He stressed that Berlin continues diplomatic efforts to secure a collective decision.
Wadephul said the plan must rest on a strong legal foundation. He noted that the European Commission is preparing proposals that address these requirements. He added that Germany supports the Commission’s work and recognises Belgium’s concerns. He said those concerns remain justified but remain solvable through coordinated action.
Germany, he said, stands ready to assume joint responsibility. He encouraged other EU member states to adopt the same approach. Wadephul expressed confidence that Chancellor Friedrich Merz’s proposal will eventually gain full approval.
Chancellor proposes loan backed by Russian assets
Merz first outlined his proposal in September. The plan includes a €140 billion loan for Ukraine backed by frozen Russian assets. Berlin argues that the initiative will help strengthen Ukraine’s military position and push Moscow toward negotiations. German officials say the plan offers a structured path for long-term support.
Belgium raises legal and financial objections
However, Belgium has raised objections to the proposal. The country hosts the European financial body that manages the immobilised Russian assets. Belgian officials fear the plan may expose Brussels to legal challenges. They also worry that Belgium could shoulder the financial burden alone.
Belgium insists that every EU member state must share the legal and financial risks. The government argues that the proposal requires clear guarantees and a fair distribution of responsibility. Belgian Foreign Minister Maxime Prevot restated these concerns on Wednesday.
Prevot said Belgium often feels unheard during discussions. He said the current draft text fails to address Belgium’s position adequately. He urged the Commission to revise its approach and consider Belgium’s warnings more seriously. He also stressed that Belgium supports Ukraine but demands legal clarity before approving the plan.
