US EditionEU Presents Russian Assets Plan, But Belgium Digs In
21 Articles
21 Articles
The EU wants to use frozen Russian assets to lend billions to Ukraine. The Belgian Prime Minister wants to prevent this, because he fears that Russian retaliation will primarily hit his country.
Belgium Becomes Russia’s ‘Most Valuable Asset’ in Western Mainstream - Hungarian Conservative
For years, Brussels’s progressive mainstream has painted Viktor Orbán as the EU’s so-called ‘Russian asset’. But now Belgium’s own prime minister, Bart de Wever, is being given the same label—simply for rejecting a reckless plan to use frozen Russian assets as collateral for a EUR 140 billion Ukraine loan.
The Commission does not seem to know any obstacles in the now desperate attempt to secure a loan for the now semi-empty Kiev banks. Ursula von der Leyen did not suffice for the letter of the Belgian premier Bart De Weiver, nor for the Bce's dry refusal (they were reiterated by Christine Lagarde at the EU Parliament) to prepare a parachute loan for the Member States, if the latter were forced to honour in a few days the possible guarantee given t…
‘Not Even Desirable for Russia to Lose’: Belgian PM Opposes Asset Confiscation
De Wever warns EU plans to seize Russian assets could trigger massive retaliation, saying it’s “not even desirable for Russia to lose” in war against Ukraine due to nuclear instability risks.
"There's still room for tweaking left and right, but it will be difficult to cover all risks," says political scientist Hendrik Vos (Ghent University) regarding the Netherlands' position in the debate surrounding Russian assets at Euroclear. According to Prime Minister De Wever, the European Commission's legislative proposal doesn't address the Netherlands' concerns. Can he still block the proposal, and will he find allies to do so?
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