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German chancellor backs EU plan to use frozen Russian assets to fund Ukraine arms

German chancellor backs EU plan to use frozen Russian assets to fund Ukraine arms
INFORMATION

Around 90% of the revenues generated from Russian frozen assets should be spent on arms purchases for Ukraine, Chancellor Olaf Scholz said on Monday, supporting an earlier EU proposal to use Russian assets’ interest payments to boost Ukraine defence.

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Reuters news agency contributed to this report, published by ORDO News editors.

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