Belgium’s Position on Using Russian Assets for Ukraine

The EU plans to utilize billions in frozen Russian assets to support Ukraine’s war needs, but Belgium opposes the reparations loan plan due to potential legal risks. European Commission President Ursula von der Leyen announced a commitment of 90 billion euros for Ukraine’s budget from 2026-27, with other international partners covering the remainder. Belgium favors traditional market borrowing instead, citing concerns about Euroclear’s involvement and potential litigation. Despite Belgium’s objections, most EU officials prefer the asset-based strategy, with Hungary’s veto power posing an additional challenge to aid efforts.