Scholz on $50B for Ukraine from frozen Russian assets: This is a clear signal to Putin

He said this on the first day of the three-day G7 summit in Italy on Thursday, June 13, according to an Ukrinform correspondent.

"Putin's plan is quite clear and open: he wants to continue his war until everyone else stops supporting Ukraine. And this plan failed today. After all, the intention of the G7 countries to mobilize $50 billion, which will be financed using profits from frozen Russian assets, creates the basis for the fact that Ukraine will be able to get everything it needs from the point of view of weapons, but also investments in reconstruction, in energy infrastructure," Scholz said.

He called it the right and necessary historic step taken at the right time, a very strong commitment, as well as a clear signal to Russian leader Putin that he should not hope that due to fiscal problems in some countries, which currently support Ukraine, he would somehow be able to win this war. He will not be able to do this, the chancellor said.

At the same time, he stressed the need to create technical conditions for implementing the adopted decision as soon as possible. The politician said he was pleased that the efforts of the G7 countries to find an understanding, which lasted for the last weeks and months, had yielded results. This issue was also intensively discussed with Ukrainian President Volodymyr Zelensky, Scholz added.