Belgium has refused to back the bloc’s “reparations” plan to leverage frozen Russian sovereign funds for Kiev, citing legal risks
EU officials reportedly fear that a refusal by the IMF to further back Ukraine could trigger a “cascading loss of confidence in the country’s economic viability,” Politico has reported, citing sources in the bloc.
The EU could have to provide Russian sovereign funds frozen in Belgium as collateral in order to secure continued IMF loans for Kiev, but that plan faces significant resistance from Belgium, where the funds are held, the outlet reported on Monday.
Ukraine, which relies heavily on Western aid, has been…
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