Belgium resists EU push to use frozen Russian assets for Ukraine
Photo: The European Commission failed to convince Belgium to use frozen Russian assets (Getty Images)
The European Commission has failed to convince Belgium to agree to the use of frozen Russian assets to finance Ukraine's reconstruction, according to Euronews.
During a technical meeting between EU representatives and the Belgian government, the sides were unable to overcome differences regarding the plan to use 140 billion euros held in the Euroclear financial repository.
According to sources close to the discussions, the Belgian government has expressed concern over the lack of alternative proposals from the European Commission.
Meanwhile, the EU continues to insist on its plan to use 140 billion euros in frozen Russian assets stored in Belgium's Euroclear financial depository.
Russian assets
Ukraine’s international partners have long been seeking ways to cover the country's budget deficit for 2025. One of the proposed options is the creation of a so-called "reparation credit," which would allow the use of frozen Russian assets for Ukraine's benefit.
At the same time, the delay in decision-making does not pose critical risks for the state, as the financial needs for the current year have already been met.
It is also known that the European Commission is currently preparing a new plan for financing Ukraine. More details on the possible options can be found in the RBC-Ukraine report.
It is worth noting that the United States yesterday expressed support for the EU’s plan to use Russia's frozen assets.
