On December 3, 2025, Belgium dropped a big “no” on the EU’s latest plan to use profits from frozen Russian central bank assets to back a major loan for Ukraine. 🚨
Here’s the scoop: the European Commission wants to tap into roughly €140 billion in blocked Russian funds—most of it sitting at Euroclear in Brussels—to help Ukraine meet its huge financial needs through what’s being called a “reparations loan.” Sounds smart, right? 💶
But Belgian Deputy Prime Minister and Foreign Minister Maxime Prevot argues the proposal glosses over serious legal and financial risks. “We have the frustrating feeling of not having been heard; our concerns are being downplayed,” Prevot told reporters. “It is not acceptable to use the money and leave us alone facing the risks.” ❌
Belgium wants the EU to fully cover any potential liabilities before moving forward. Last week, Prime Minister Bart De Wever sent a letter to European Commission President Ursula von der Leyen calling the plan “fundamentally flawed” and warning it could violate international law. 📄
What’s next?
- The Commission will unveil detailed texts in Brussels—keep your eyes peeled for updates. 👀
- Member states will debate how to balance solidarity with Ukraine and protect national legal frameworks. 🔄
- If Belgium’s concerns aren’t addressed, the loan plan could hit another roadblock. 🛑
The EU debate will continue as Brussels seeks to balance solidarity with Ukraine and protect member states’ legal frameworks. 🔍
Reference(s):
cgtn.com
