German Chancellor Olaf Scholz has backed the EU’s previous proposal, stating that around 90% of the revenues from frozen Russian assets should be spent on purchasing weapons for Ukraine, reports Reuters. “It is important that we also agree that this money can be used for arms purchases not only in the EU, but for purchases worldwide,” Scholz told reporters after a meeting with the governments of the three Baltic countries in Riga. Use of frozen assets of the Russian Federation for the benefit of Ukraine Western countries have currently frozen around $300 billion of Russian assets. The option o…