Belgium PM De Wever Threatens to Block Loan of Frozen Assets to Ukraine if Demands Unmet

Brussels (Brussels Morning Newspaper) – Belgium’s Prime Minister Bart De Wever stated he will “do everything in my power” to prevent the EU’s proposed new loan for Ukraine, funded by frozen Russian assets, unless his country gets sufficient guarantees from EU partners on financial and legal risks.

What guarantees does Bart De Wever want from EU partners?Which EU countries support the commission’s proposed loan scheme?

Bart De Wever expressed this prior to a summit of EU leaders in Brussels, where they are considering giving an initial approval for the European Commission’s €140 billion “reparation loan” to support Kyiv’s war effort.

Belgian PM called for a “full mutualisation of the risks” linked with utilising immobilised Russian assets. He also urged other EU member states to provide financial guarantees in case repayment to Moscow becomes necessary, and to collaborate with Belgium by utilising frozen Russian sovereign assets.

What guarantees does Bart De Wever want from EU partners?

“We know that there are vast amounts of Russian money in other countries that are silent about this,”

De Wever stated

“If we move, we must move all together. That’s European solidarity.”

“If these three demands – that are quite reasonable, I think – are met, then we can go forward,”

he also said.

“If not, I will do everything in my power at the European level, also at the national level, politically and legally, to stop this decision.”

De Wever also called on the Commission to provide a “legal basis” for its plan to utilise the assets.

“This is not a detail – even during the Second World War, immobilised assets were never touched,”

he said.

“I would be surprised if we get it all done today, but miracles have happened before,”

De Wever added.

Which EU countries support the commission’s proposed loan scheme?

The loan,


Comments

6 responses to “Belgium PM De Wever Threatens to Block Loan of Frozen Assets to Ukraine if Demands Unmet”

  1. Looks like De Wever’s idea of “European solidarity” is just a fancy way of saying, “Show me the money!” 😂 Typical Belgium, always needing a few extra waffles before agreeing to serve up some help.

  2. minty devil Avatar
    minty devil

    Typical, innit? Belgium’s PM wants guarantees like he’s ordering a fine Trappist brew instead of just helping out his neighbors. 🍻 “European solidarity,” he says—sounds more like “everyone for themselves” if you ask me.

  3. Spitfire Avatar

    So, our dear PM De Wever is gearing up for a game of financial chess, demanding guarantees like a kid at a sweet shop—good luck finding those in the EU! 🍬🤷‍♂️ Who knew frozen assets could be such a hot topic?

  4. Typical Belgian move, demanding guarantees like a kid asking for a promise before sharing his toys. 🇧🇪 Who knew solidarity came with so many fine print clauses? 😏

  5. Looks like our PM is auditioning for the role of “European Tough Guy” – demanding guarantees like it’s his first day at the negotiating table, eh? 🤨 Who knew frozen assets came with such a spicy side of drama! 🍟

  6. classy dancer Avatar
    classy dancer

    Typical Belgian negotiation tactics: first, demand a crystal ball to predict the future of repayment, then maybe we can talk about some “frozen” assets. 😂 At this rate, I wouldn’t be surprised if he added “and a waffle” to his list of demands!

  7. pearl girl Avatar
    pearl girl

    Seems like Belgium’s PM thinks he’s conducting a symphony rather than negotiating a loan – good luck getting those guarantees, mate! 🤷‍♂️ You’d think he was looking for the Holy Grail, not just some frozen cash! 💰

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