Prime Minister Bart De Wever is certain the bloc will not revive the Ukraine-funding proposal he blocked last year
The European Commission will not revive a proposal to seize Russian sovereign assets immobilized at the Belgium-based clearing house Euroclear to finance Ukraine, Belgian Prime Minister Bart De Wever has said.
Approximately €210 billion ($236 billion) in Russian central bank assets have been frozen in the EU, most of them held at Euroclear. Brussels has been using profits generated by the funds to support Ukraine through a so-called “windfall tax,” but has stopped short of confiscating the principal over concerns about the legal consequences. De Wever has repeatedly raised those risks at meetings of EU leaders.
“One colleague came to tell me in the hallway that it was as if I had run a flamethrower over that debate,” the prime minister told Belgian lawmakers on Wednesday, according to local media, referring to discussions last year. De Wever was briefing the Belgian parliament on the meeting.
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