Belgian PM: European Commission will not reopen debate on using Russian assets for Ukraine
Belgian Prime Minister Bart De Wever said he is confident the European Commission will not revive the debate on using frozen Russian assets to fund Ukraine. The assets in question are held at the Euroclear depository.
Belgian Prime Minister Bart De Wever has stated that he is confident the European Commission, the executive arm of the European Union, will not resume the debate over using frozen Russian assets to cover Ukraine's financial needs.
The discussion concerns Russian assets that have been frozen and are held at the Euroclear depository. A depository is a financial institution that safekeeps securities and other assets. The question is whether these funds could be used to provide financing for Ukraine.
De Wever's statement indicates that, in his view, the Commission will not put the topic back on the agenda. The source gives no further details on earlier decisions regarding these assets or on alternative ways of financing Ukraine that are being considered.
