Belgium has thrown a wrench into EU plans to use frozen Russian assets to fund Ukraine's reconstruction, calling the proposal "fundamentally flawed" in a dramatic clash of European unity. 🇪🇺⚖️
The Sticking Points
With €140 billion at stake, Belgian officials argue the EU's "reparations loan" scheme leaves them holding the bag for financial and legal risks. Deputy PM Maxime Prevot stated: "It’s not acceptable to use the money and leave us alone facing the risks" during tense NATO talks in Brussels this week.
Why It Matters
Over 90% of frozen Russian central bank assets are held at Brussels-based Euroclear – making Belgium ground zero for this geopolitical showdown. The rejection comes as Ukraine faces urgent funding needs amid ongoing reconstruction efforts.
What’s Next?
With Belgian PM Bart De Wever warning the plan could violate international law, the EU Commission faces mounting pressure to revise its approach. Analysts predict heated negotiations ahead as winter 2025 deadlines loom for Ukraine aid packages. 🔥
