US EditionBelgium shoots down EU offer to unblock Russian assets stalemate
- Belgian Prime Minister Bart De Wever has not signaled support for a proposed Ukraine loan financed by immobilized Russian assets held in Belgium, according to EU economy chief Valdis Dombrovskis.
- Despite Belgium's objections, a qualified majority of EU nations could approve the loan, as per EU rules, which do not require Belgium's consent.
- Ukraine argues that Belgium's concerns are unfounded and resemble Russian propaganda, insisting the risks are not credible.
- Czechia, Italy, Malta, Bulgaria, Hungary, and Slovakia have expressed skepticism about the plan, although many EU capitals still support it.
13 Articles
13 Articles
Belgium Cools Debate on Russian Assets Ahead of European Council
Just hours before heads of state and government gather in Brussels for this week’s European Council (EUCO), Belgium has moved to dampen expectations: frozen Russian assets will not feature prominently on the agenda. Far from any decisive breakthrough, the message coming out of the EU capital is one of deadlock and retreat. Brussels believes that negotiations on the use of Russian assets are “going backward.” Belgium’s position is pivotal: around…
The Prime Minister De Wever snobbies Ursula's assurances about the use of Russian goods. Europe in the wind: "Tomorrow's Council a decision must be taken." Members of the Italian Right: "The Commission makes further verifications" . The EU stalled on the Moscow asset dossier. Monday evening, Belgium rejected the European Commission's proposal for a loan of 210 billion euros to Ukraine, which should be financed through frozen Russian assets. In p…
Belgium on Monday rejected the European Commission's (EC) proposal to provide a 210 billion euro loan to Ukraine, which would be financed by using frozen Russian assets, dashing the European Union's (EU) hopes of reaching an agreement before a summit on Thursday, Politico reports.
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