Bart De Wever has explained why his country opposed an EU ‘reparations loan’ for Ukraine
Stealing Russian assets frozen in the EU would amount to a “declaration of war” against Moscow, Belgian Prime Minister Bart De Wever has said.
Western nations froze an estimated $300 billion in Russian central bank assets following the escalation of the Ukraine conflict in February 2022. The bulk of the funds – approximately $216 billion – is held in Belgium-based depository Euroclear. Belgian officials opposed an EU scheme which would have leveraged the money as collateral for a €90 billion ($105 billion) ‘reparations loan’ for Kiev. The European…
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