Belgium Rejects EU Plan for Frozen Russian Assets Loan
Belgium has rejected an EU proposal to use profits from frozen Russian assets as collateral for a major Ukraine loan, citing unaddressed financial and legal risks.
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Belgium has rejected an EU proposal to use profits from frozen Russian assets as collateral for a major Ukraine loan, citing unaddressed financial and legal risks.
The EU has provided Ukraine with a €4B loan from frozen Russian assets, sparking Kremlin warnings and fuelling debate over reparation plans and eurozone risks.
The European Parliament has approved a €35 billion loan for Ukraine, backed by profits from frozen Russian assets, as part of a larger $50 billion G7 initiative.