


The Central Bank of Russia announced that it will initiate a significant legal process regarding the Russian assets frozen by Euroclear. In a statement from the bank, it was emphasized that Euroclear has engaged in illegal actions against the Central Bank of Russia.
In Belgium, assets worth 258 billion euros have been frozen. It was noted that 65 billion euros of this amount consists of frozen assets, while 193 billion euros comes from transactions that have been immobilized by the Central Bank of Russia.
The European Commission is working on a plan to use Russia's frozen assets as collateral for loans to Ukraine. Under this plan, it is expected that Ukraine will only repay the loan if Russia pays war reparations.
Belgian Prime Minister Bart de Wever is calling for risk sharing, as well as clear legal bases to be established for the use of immobilized Russian assets as collateral for loans to Ukraine.
This important issue will be addressed at the EU Leaders' Summit to be held in Brussels on December 18.
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