The media called the transfer of a loan to Kiev based on Russian assets a matter of time.

The European Union (EU) intends to convince Belgian Prime Minister Bart De Wever to confiscate the frozen assets of the Russian Federation in order to provide a loan to Ukraine by the meeting of the European Council on December 18. This was reported by the Politico newspaper on October 28, citing an unnamed European official.

"The question is not whether he (the loan. — Ed.) provided, and when it will be provided," the publication quotes the official as saying.

According to Lithuanian Foreign Minister Kastutis Budris, progress is expected at the next meeting of the European Council on December 18.

The publication notes that the confiscation of Russia's sovereign assets carries risks, but implementing plan B is even more difficult. It involves the use of joint EU loans or the search for Russian assets in other countries.

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Politico reported on October 27 that the EU has begun developing an alternative plan for financial support for Ukraine after Belgium blocked a proposal to use frozen Russian assets. According to the newspaper, the European Commission will prepare a document with several options for action, including proposals for a joint debt, a reparative loan, as well as distancing Ukraine from the EU.

Earlier, on October 24, the media reported that Belgium did not support the initiative of the EU countries to seize frozen Russian assets for their further transfer to Ukraine. Belgium's position was "crucial" because the Belgian financial institution Euroclear owns assets that will be used to finance a loan of $163 billion to support Kiev.

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