Belgium Demands EU Scrap Plan to Use Frozen Russian Assets for Ukraine Aid

Belgium’s Foreign Minister has urged the European Union to abandon its plan to use frozen Russian assets to aid Ukraine, describing the proposal as “fundamentally wrong.” During a recent press conference, the minister raised concerns about the proposal’s legality and potential long-term consequences.

Background of the Proposal

The plan involves the seizure of billions of euros worth of Russian assets that were frozen under EU sanctions. These funds have been considered for rebuilding Ukraine’s infrastructure damaged by the ongoing conflict. However, Belgium argues that such a step could set a dangerous precedent and threaten international property rights.

Belgium’s Stance and Concerns

• Legal and Ethical Issues: The Belgian Foreign Minister stressed that the EU is overlooking significant legal and ethical matters raised by multiple member states.
• Supporting Ukraine: While supporting Ukraine is crucial, Belgium insists it should not violate international law or property rights.
• Diplomatic Risks: Belgium warned that seizing assets might escalate tensions with Russia and damage diplomatic relations.

EU Commission’s Defense of the Plan

European Commission officials argue:

1. The Russian assets remain frozen due to sanctions and are not under Russia’s control.
2. Redirecting these funds to support Ukraine represents a practical approach to provide urgent financial aid.

Division Within EU Members

The issue has caused a split among EU countries:

• Some prioritize the urgent need to rebuild Ukraine’s infrastructure.
• Others advocate caution to prevent undermining the EU’s legal framework in the long term.

Magnitude and Challenges

Experts estimate the total frozen Russian assets to be in the tens of billions of euros, encompassing bank funds, property, and other investments. How these assets might be managed and redistributed remains a significant challenge for European leaders.

Conclusion

Belgium’s call to withdraw the plan highlights the delicate balance between supporting Ukraine and upholding international norms. It is uncertain whether the EU will amend or continue to pursue this controversial proposal as part of its response to the conflict.

Stay tuned to Questiqa Europe News for further updates.

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