


The Central Bank of Russia announced that it will initiate an important legal process regarding the Russian assets frozen by Euroclear. In a statement from the bank, it was emphasized that Euroclear engaged in illegal actions against the Central Bank of Russia.
In Belgium, Russian 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 are related to inactive transactions by the Central Bank of Russia.
The European Commission is working on plans to use the frozen Russian assets as collateral for loans to Ukraine. As part of this plan, Ukraine is expected to repay the loan only if Russia pays war reparations.
Belgian Prime Minister Bart de Wever is demanding that legal foundations be clearly established, along with risk sharing for the use of frozen 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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