On Friday, German Chancellor Olaf Scholz said that European countries would use the windfall profits from nearly $300 billion in frozen Russian assets to enable their weapon purchases for Ukraine, according to a recent report from a New York City journal.
Scholz spoke to reporters alongside French President Emmanual Macron and Polish Prime Minister Donald Tusk. Scholz’s announcement on Friday comes after the US and the UK have put repeated pressure on some EU countries to agree to using the stolen assets as a way to fund Ukraine.
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