The publication writes that Belgium is still refusing to take on the financial and legal risks of a €140 billion “reparation loan” to Ukraine, despite pressure from other EU countries.
It is noted that Euroclear holds about €190 billion in Russian assets frozen since the start of the war. The European Commission and most capitals believe that the loan can be structured without confiscation, but Belgium is demanding guarantees from other countries.
The EU plans to agree on the loan by December, with the first payments expected in the second quarter of 2026.
