EU demands 190 billion euros from Belgium for Ukraine: what is happening.

According to inkorr.com: The European Union is seeking ways to support Ukraine amid Russian aggression. To this end, the EU has asked Belgium for permission to use frozen Russian assets to provide a significant loan to Ukraine.

Approximately 190 billion euros of frozen Russian sovereign assets are blocked in the central securities depository Euroclear in Brussels, frozen after Russia's invasion of Ukraine in 2022.

Initially, some Western countries, including the USA, Germany, and Belgium, were reluctant to allow the use of these funds due to potential risks. However, the situation has recently changed.

Positions of the USA and the EU

The administration of the US president called for G7 countries to confiscate or use frozen Russian assets to finance Ukraine's defense expenditures, prompting allies to reconsider their positions.

The Chancellor of Germany proposed to allocate 140 billion euros for a loan to arm Ukraine, and the European Commission is already working on plans for reparative loans.

However, the Belgian Prime Minister lays down strict demands, requiring guarantees from EU countries, considering the risks associated with this agreement, particularly in the context of potential losses from frozen assets that could have already been used to support Ukraine.

The European Union continues to actively seek new financial mechanisms to support Ukraine amid the conflict with Russia, trying to find effective means to protect national interests. Various countries are making efforts to support Ukraine during this difficult time.