US EditionSeizing Russian Assets Would Risk 'Terrible Systemic Shock' to Euro ...
- On September 5, 2025, Belgian Foreign Minister Maxime Prevot stated that confiscating Russian central bank assets frozen in the EU would risk major economic damage in Europe.
- This statement followed the EU's 2022 freezing of about 200 billion euros in Russian assets after Russia's full-scale invasion of Ukraine, amid ongoing debates on how to use these funds.
- Prevot rejected both confiscation and placing the assets in riskier investments, emphasizing the need to keep the funds frozen to help finance Ukraine's future reconstruction.
- He stated that Belgium does not consider the seizure of Russian sovereign assets a viable choice, cautioning that such a move could trigger systemic disruptions and undermine confidence in the euro, and emphasized the need for clear commitments from the US following the conflict.
- Belgium's stance, supported by Germany, suggests little progress soon on asset use, while the EU continues focusing on preventing Russia's access until it compensates for Ukraine damages.
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Seizing Russian assets would risk 'terrible systemic shock' to euro, Belgian foreign minister
"We're not going to take the risk for everyone with a friendly pat on the back, saying we're counting on you, thank you, and if there's a problem, we'll provide you with advice or lawyers, but that's all," Prevot said
·Brussels, Belgium
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According to the country's foreign minister, such a move would jeopardize Belgium's credibility.
·Budapest, Hungary
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Seizing Russian Assets Would Risk 'Terrible Systemic Shock' To Euro –Belgian FM
Seizing Russian central bank assets immobilised in the 27-nation EU over the Ukraine war risks inflicting major damage on Europe's economy, Belgian Foreign Minister Maxime Prevot told AFP Friday.
·Amsterdam, Netherlands
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The seizure of the assets of the Russian Central Bank – of which 210 billion are in Belgium, under the control of the financial institution Euroclear – is being requested by many EU countries.
Coverage Details
Total News Sources47
Leaning Left3Leaning Right6Center8Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 18%
C 47%
R 35%
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