Belgium Pours Cold Water on EU Plan to Use Russian Frozen Assets

The European Union's plan to use frozen Russian central bank assets to fund Ukraine's reconstruction efforts has encountered resistance from Belgium. Belgium has raised legal concerns about the feasibility of this proposal, which aims to unlock up to €185 billion ($217 billion) in assets held within the country. The article highlights the complexities involved in repurposing these frozen assets, as Belgium asserts that there are legal hurdles that need to be addressed. The plan, which is part of the EU's broader efforts to support Ukraine, faces a potential roadblock due to the legal uncertainties raised by the Belgian government. The article suggests that the EU's ambition to utilize these assets for Ukraine's benefit may require further negotiations and legal considerations to overcome the challenges presented by Belgium's position on the matter. The outcome of this issue could have significant implications for the EU's ability to provide financial assistance to Ukraine during its ongoing conflict with Russia.