Russia must pay €500 billion to Ukraine - Merz

"Russia must compensate for this material damage. Until this happens, it will not and should not have access to the frozen assets," he said.

According to the chancellor, Russia's state assets worth hundreds of billions of euros, mostly placed in EU countries, will remain frozen, Interfax-Ukraine reported.

The proceeds from these assets, as before, will be used to provide credit support to Ukraine.

Photo: vesti.az.