De Wever Firmly Rejects German Chancellor’s Idea of Using Russia’s Frozen Assets to Fund a Loan for Ukraine
Belgium opposes using €170 billion frozen Russian assets in Brussels for Ukraine reparations loan due to legal and financial risks, while €1.3 billion tax revenue supports defense.
11 Articles
11 Articles
The country clearly opposed the European Commission's proposal to use confiscated Russian assets to finance a reconstruction loan for Ukraine.
EU reparation loan for Ukraine ‘will never happen’, says Belgium
“Taking Putin’s money and leaving the risks with [Belgium]. That’s not going to happen,” Belgian Prime Minister Bart De Wever said in New York. Most of the assets are held in Euroclear, a Brussels-based clearing house – making Belgium a key player in EU negotiations
De Wever firmly rejects German Chancellor’s idea of using Russia’s frozen assets to fund a loan for Ukraine
The Belgian Prime Minister Bart De Wever (Flemish nationalist has firmly rejected a proposal by German chancellor Friedrich Merz to use frozen Russian central-bank assets, a large portion of which are held at Euroclear in Brussels, to finance a multi-billion-euro interest-free loan for Ukraine. Speaking in the margins of the UN General Assembly in New York, Mr De Wever told journalists that “Taking Putin’s money and leaving the risks with us. Th…
Belgian PM: You Don’t Just Steal Billions From Russian Deposits
Belgium has slammed the brakes on a new German plan to use frozen Russian central bank assets to bankroll Ukraine – a veto that matters because Brussels holds the keys to the vault. Prime Minister Bart De Wever said on Thursday that the proposal by German Chancellor Friedrich Merz to funnel €140 billion from frozen Russian reserves into an “interest-free loan” for Kiev “will never happen.
Belgium said no! Prime Minister Bart De Wever stated very clearly: Putin's money cannot be taken, because this could lead to the collapse of the eurozone! The fate of the 200 billion euros of Russian assets is in the hands of Euroclear in Brussels, but the Belgian leader refuses to go ahead with the risky plan despite the support of Chancellor Merz.
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