Belgium Rejects EU Plan to Fund Ukraine Using Frozen Russian Assets Citing Financial and Legal Risks

Dec 04, 2025 01:03 am CST

Belgium has opposed the European Union's proposal to use frozen Russian assets as collateral for Ukraine's financial needs, citing major financial and legal risks. The plan would provide Ukraine with approximately 140 billion euros to cover its budget and military requirements for 2026-2027, but Belgian Foreign Minister Maxime Prévot warns of potential consequences for his country, which holds around 194 billion euros of these assets.