Belgium has agreed to discuss the use of Russian assets to help Ukraine
Belgian Deputy Prime Minister and Budget Minister Vincent Van Petegem said that Brussels supports the EU discussion on expropriation of Russian assets to support Kiev, but at the same time has a number of concerns. He announced this on December 11 upon arrival at the Eurogroup meeting.
"The goal and objective are clear — [Belgium] has unwavering support for assistance to Ukraine," he said.
At the same time, according to Van Petegem, frozen assets can be used only after the resolution of legal and financial risks.
"As responsible politicians, we look at the weaknesses, legal problems and financial risks of the European Commission's proposal. However, we are working on finding constructive solutions," TASS quoted him as saying.
The Minister stressed that Belgium cares not only about its own financial stability, but also about the stability of the entire euro area.
Earlier in the day, it was reported that Belgium had proposed creating a cash buffer from Euroclear's profits from blocked Russian assets. This will protect against possible retaliatory measures by the Russian Federation when transferring frozen funds to Ukraine. The country also proposed amendments to the European Commission's plan, taking into account the possibility of Russia's demand to return assets.
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