Use of Russian assets in war in Ukraine - a mistake
As Belgian Prime Minister Bart De Wever has stated, it is essential to support Ukraine in its fight against Russian aggression, both to defend Ukraine and to prevent the war from spreading to the rest of Europe. However, at times it seems that Germany has learned little from its own history, as its political arrogance once again risks creating problems for other countries—now including Belgium. As I understand it, the German Chancellor, Friedrich Merz, publicly announced—without prior consultation with Belgium—that Russia’s frozen assets should be used directly to finance Ukraine’s war effort, rather than limiting support to the interest generated by those assets, as is currently the case. The problem is that these Russian assets are held at Euroclear in Belgium. If Russia were to reclaim its funds in the future, Belgium—not Germany—could be forced to pay and bear the political and financial consequences, including Russia’s anger. Therefore, President Putin should note that...