Vladimir Putin Just Got Handed a New Money Problem: Belgium Signaled It Could Unlock Most of Moscow’s Frozen Reserves

Vladimir Putin Just Got Handed a New Money Problem: Belgium Signaled It Could Unlock Most of Moscow’s Frozen Reserves

The acting Ukrainian Foreign Minister Andrii Sybiha said during a briefing that frozen Russian assets could provide critical financial support for Ukraine as the country faces more than $600 billion in infrastructure damage caused by Russia’s invasion and attacks against its civilian infrastructure. He said these assets could be a lifesaver for Kyiv and that their transfer should not be delayed. Putin and Russian Military Creative Commons Image …

Belgium open to using frozen Russian assets to help Ukraine if Europe shares risks

"The risks we identified at the time have not miraculously vanished. But we have no fundamental objection to this money being used to support the Ukrainian cause," said Belgian Foreign Minister Maxime Prevot.

EU countries must agree on solidarity provisions - Belgian foreign minister on using frozen Russian assets for Ukraine

Belgian Foreign Minister Maxime Prévot explained Belgium's position on the possible use of frozen Russian assets for Ukraine, stressing the need for shared risk-sharing that EU countries have not previously agreed to.

Belgium is prepared to transfer Russian Federation’s frozen assets to Ukraine, provided there are joint EU guarantees

Belgium is prepared to consider using frozen Russian assets for the benefit of Ukraine, provided that all EU countries jointly assume the legal, financial and systemic risks associated with such a decision.