Belgium warned of financial instability after confiscation of Russian assets

Belgian Foreign Minister Maxime Prevost has warned of the consequences of the confiscation of Russia's sovereign assets, which were frozen by the authorities of the European Union (EU) after the outbreak of the conflict in Ukraine. This was announced on September 5 by the MSN portal.

The head of the Belgian Foreign Ministry warned that the EU financial markets would not be able to avoid a "terrifying systemic shock." According to Prevost, such a development is fraught with undermining confidence in the euro and scaring off countries that have invested money in the European economy.

"We don't want to risk ourselves for everyone in order to be patted on the shoulder and told, 'we are counting on you, thank you, if anything, we are ready to provide lawyers and consultants.' Every time I talked about sharing risks among everyone, I didn't feel enthusiastic [from my European colleagues]," the Belgian Foreign minister added.

Prevost also stated that Belgium, where most of the frozen assets are located, does not want to incur the costs associated with asset confiscation.

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On September 3, British Defense Minister John Healy announced that the British authorities had sent more than $1 billion in military aid to Ukraine using the proceeds from frozen Russian assets.

In the final document of the European Union (EU) summit, which was signed on March 20 by 26 of the 27 states of the community, it was reported that the EU would continue to hold frozen assets of Russia. It was noted that they should remain immobilized until the conflict ends.

All important news is on the Izvestia channel in the MAX messenger.