Economy

Belgium names condition for using frozen assets of Russians

Belgium names condition for using frozen assets of Russians

Фото: REUTERS

Belgian Prime Minister Bart de Wever said that Russian frozen assets will not be used at least until a peace agreement is concluded between Ukraine and Russia.

He said this at the Ukrainian Breakfast in Davos.

According to him, the confiscation of Russian assets is an act of war, and “Europe is not at war with Russia.”

“If I can influence this, every penny of these funds will be used for the benefit of Ukraine. I would be very sorry if at least the euro returns to Russia,” the Belgian Prime Minister noted.

He stressed the need to respect international law and added that even during World War II, such a practice was not used.

At the same time, the Russian Federation will still not be able to access the funds until the end of the war, and the assets will remain frozen.

Recall that Belgium criticized the European Commission’s new proposal to transfer frozen Russian assets to Ukraine, stating that the document is “categorically unacceptable.”

It was previously reported that the European Union was working on an urgent legal mechanism that would allow frozen Russian money to be safely used to lend to Ukraine, avoiding risks for Belgium.

As is known,the European Union was preparing an alternative financing scenario for Ukraine in case the leaders failed to agree on using frozen Russian assets to create a reparations loan.

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