Russian Assets

Belgian Prime Minister Bart De Wever has cautioned that the European Union’s push to use frozen Russian state assets to support Ukraine could undermine the chances of securing a future peace deal in the nearly four year long war.

In a letter sent to European Commission President Ursula von der Leyen and reviewed by Reuters, De Wever argued that rushing ahead with the proposal would make the bloc partly responsible for closing the door on possible negotiations. Belgium’s position is pivotal since most of the Russian sovereign funds held in Europe sit inside the Brussels based clearing house Euroclear.

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