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Belgium’s Prime Minister Bart De Wever has warned that European Union plans to utilize frozen Russian assets to fund Ukraine could jeopardize potential peace negotiations.
Belgium’s Prime Minister Bart De Wever has cautioned against European Union plans to utilize frozen Russian state assets to finance Ukraine, arguing it could undermine prospects for a peace agreement. The warning, reported by the Financial Times, comes as the EU grapples with finding sustainable financial support for Kyiv.
EU leaders attempted to reach a consensus at a summit last month on a plan to use approximately $149 billion (140 billion euros) in frozen Russian funds as a loan to Ukraine. However, they failed to secure Belgium’s support, as a significant portion of the assets are held within the country.
“Rushing forward with the proposed collateralized loan will, as a side effect, lead to us as the EU effectively preventing us from reaching a possible peace settlement,” De Wever wrote in a letter to European Commission President Ursula von der Leyen.
