Belgium Foreign Minister says, re. the use of frozen Russian assets, "the texts the Commission will table today do not address our concerns in a satisfactory manner. It is not acceptable to use the money and leave us alone facing the risks"
Analysis details (10:43)
Follows earlier updates that:
- EU Ambassadors meeting has been moved forward to 13:30GMT (prev. 17:45GMT), regarding the use of frozen Russian assets for a Ukraine reparation loan, via Politico
- Diplomats cited say that Commission President von der Leyen intends to use Article 122, "solidarity in economic emergencies"; elaborating that this means the clause could be deployed to extend the sanctions renewal period from six months to three years, potentially bypassing the unanimity requirement.
Context
- As a reminder, Belgium has opposed the use of frozen Russian assets for such a loan due to the concern that the majority of assets are held in Euroclear, based in Belgium, and as such, Belgium would be exposed to any potential legal retaliation by Russia.
03 Dec 2025 - 10:40- EnergyGeopolitical- Source: X
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