Belgium Challenges EU's Russian Asset Plan for Ukraine

Belgium opposes EUs plan to use frozen Russian assets for Ukraine, fearing it could lead to bankruptcy. Belgian PM Bart de Wever calls the proposal fundamentally wrong. EUs plan involves turning €140 billion in Russian assets into a reparations loan for Ukraine. Belgium suggests borrowing from financial markets instead. Germanys Chancellor Friedrich Merz supports using the assets, but Belgium fears legal action from Russia. European Commission to present new proposals, but agreement uncertain at upcoming summit. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.