Belgium has named a condition for using Russian assets to support Ukraine.
Фото: Pixabay
Belgian Prime Minister Bart de Wever has once again raised legal questions about the use of frozen Russian assets to finance Ukraine.
The Guardian writes about this.
The Belgian prime minister leads a group of countries that remain skeptical about the initiative, citing the risk of legal consequences.
Belgium’s particular sensitivity to the issue stems from the fact that more than half of the frozen funds are held by the Brussels-based clearing house Euroclear.
De Wever emphasized that he had asked other leaders to provide clear guarantees for risk-sharing when using these assets for lending to Ukraine. He emphasized that Belgium would only be willing to agree to the plan once it received satisfactory answers, which are not yet available.
The European Commission has developed a new initiative that envisages using revenues from frozen Russian assets to finance a massive loan to Ukraine. The loan, worth €140 billion, will be available for Kyiv to support its budget and strengthen its defense sector.
As a reminder, the European Commission has come up with a new way to transfer billions of euros of frozen Russian assets to Ukraine . Specifically, Europe is proposing to replace the money with EU-backed debt obligations.
French President Emmanuel Macron reportedly said the confiscation of frozen Russian assets was contrary to international law and could lead to “complete chaos.”
Also follow “Pryamy” on Facebook , Twitter , Telegram and Instagram.