In an editorial published in the Financial Times on Thursday 25 September, German Chancellor Friedrich Merz called for greater use to be made of 'frozen' Russian assets in the European Union.
While reiterating the need to take account of international law and the “fundamental issues” concerning the euro’s role as a global reserve currency, the chancellor said that “we must consider how, by circumventing these problems, we can make these funds available for the defence of Ukraine”.