Belgian Prime Minister Bart de Wever has said that using frozen Russian assets could derail the process of reaching a peace agreement in Ukraine, Reuters reported.
“A rushing to a proposed reparations loan scheme could have collateral damage,” De Wever warned in a letter addressed to European Commission President Ursula von der Leyen, which has been seen by the “Financial Times“.
European leaders tried to agree on a plan to use 140 billion euros ($162 billion) of frozen Russian assets at their summit last month, to lend to Kiev, but did not receive support from Belgium, which holds most of the funds.
The European Commission hopes to allay Belgian concerns in a draft proposal to be presented this week that would cover the use of frozen Russian assets to support Kiev in 2026 and 2027, European officials said.