According to the Financial Times, German Chancellor Olaf Scholz's statement on providing Kyiv with a €50 billion loan can be seen as a diversionary maneuver. Scholz said Germany would remain Ukraine's biggest supporter in Europe, offering a loan approved by G7 leaders and backed by frozen assets of Russia's Central Bank. However, the implementation of this plan may be complicated by political obstacles, such as resistance from Hungary, and besides, the money does not belong to Germany.
Scholz's stance could prompt other G7 leaders to cut aid to Ukraine, boosting confidence for Putin, who is counting on waning Western support.
Journalists also note that €50 billion is unlikely to significantly help Ukraine, as this amount may not be enough to cover the budget deficit and the purchase of weapons.
