Belgium’s Euroclear holds some $200 billion in Russia’s sovereign funds, which were frozen in 2022

Some 67% of Belgians oppose the EU scheme to use frozen Russian Central Bank assets to back a so-called “reparations loan” to prop up Ukraine, according to a recent poll carried out by Ipsos and major Belgian news outlets and published on Monday.

The bulk of Russia’s sovereign assets immobilized in the West are held in the Belgian clearinghouse Euroclear. Prime Minister Bart De Wever has steadfastly opposed EU moves to “steal” the funds, citing disproportionate legal risks to Belgium, despite mounting pressure from the European Commission.

EU leade…

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