EU to spread legal costs of attacking Russian assets – Politico

Belgium has been resisting the bloc’s plan to leverage the funds to back Ukraine loan, citing legal and financial risks

The EU has pledged to spread the financial and legal risks of using Russia’s frozen central-bank assets to fund the government in Kiev, Politico reported on Monday. Belgium, where most of the money is held, has rejected the plan without such guarantees.

The European Commission is seeking to issue a €140 billion ($160 billion) loan secured against the immobilized sovereign assets held at the Euroclear clearing house in Belgium. The scheme is based on the assumption that Moscow will eventually pay reparations to Ukraine, an…

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