Belgium Is Prepared to Transfer Russian Federation’s Frozen Assets to Ukraine, Provided There Are Joint EU Guarantees
4 Articles
4 Articles
EU countries must agree on solidarity provisions - Belgian foreign minister on using frozen Russian assets for Ukraine
Belgian Foreign Minister Maxime Prévot explained Belgium's position on the possible use of frozen Russian assets for Ukraine, stressing the need for shared risk-sharing that EU countries have not previously agreed to.
Belgium is prepared to transfer Russian Federation’s frozen assets to Ukraine, provided there are joint EU guarantees
Belgium is prepared to consider using frozen Russian assets for the benefit of Ukraine, provided that all EU countries jointly assume the legal, financial and systemic risks associated with such a decision.
This is reported by Ukrinform and Interfax-Ukraine. According to Andriy Sibiga, it is time to intensify work on a legal mechanism for using frozen Russian assets to support Ukraine.” Actually, frozen assets are one of those fundamental tracks that can significantly strengthen us through direct use of Russian funds. Therefore, we, as Ukraine, will actively discuss this in European capitals, and not only in European capitals. And we really hope to…
Belgium may consider confiscating frozen Russian assets in favor of Ukraine, but insists that all possible risks should be shared jointly by EU countries.
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