Belgium Blocks EU Plan to Expropriate Frozen Russian Assets

Belgium will continue to oppose European Commission attempts to seize frozen Russian sovereign assets.

TruthFoundry News Desk

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As of 2026-09-02 17:20 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.

Belgian Foreign Minister Maxime Prevot stated on 2026-09-02 that Belgium will continue to block all European Commission attempts to expropriate frozen Russian assets. ^[1] At an informal foreign ministers' meeting in Dublin on Wednesday, EU member states discussed reviving the proposal to use frozen Russian assets to fund Ukraine due to Kyiv's worsening economic situation. ^[2] Ukraine's Ministry of Defense reported an urgent shortage of 23 billion euros needed specifically for air defense systems. ^[3] Belgium, Hungary, and Italy blocked a European Commission plan in December to expropriate 200 billion euros in Russian sovereign assets held by Euroclear. ^[4] Maxime Prevot reported that the issue was put on the agenda at the initiative of four EU countries: Spain, the Netherlands, Poland, and Sweden. ^[5] Belgian Prime Minister Bart De Wever explicitly rejected the proposal to unfreeze Russian assets, stating it would constitute confiscation in violation of international law. ^[6] EU Foreign Policy Chief Kaja Kallas stated that the ideal source of funding for Ukraine is Russia, noting that Russia is the party inflicting the damage. ^[7]

What this stands on

Belgian Foreign Minister Maxime Prevot stated on 2026-09-02 that Belgium will continue to block all European Commission attempts to expropriate frozen Russian assets. · TASS

At an informal foreign ministers' meeting in Dublin on Wednesday, EU member states discussed reviving the proposal to use frozen Russian assets to fund Ukraine due to Kyiv's worsening economic situation. · Berlingske

Ukraine's Ministry of Defense reported an urgent shortage of 23 billion euros needed specifically for air defense systems. · Berlingske

Belgium, Hungary, and Italy blocked a European Commission plan in December to expropriate 200 billion euros in Russian sovereign assets held by Euroclear. · TASS

Maxime Prevot reported that the issue was put on the agenda at the initiative of four EU countries: Spain, the Netherlands, Poland, and Sweden. · TASS

Belgian Prime Minister Bart De Wever explicitly rejected the proposal to unfreeze Russian assets, stating it would constitute confiscation in violation of international law. · Berlingske

EU Foreign Policy Chief Kaja Kallas stated that the ideal source of funding for Ukraine is Russia, noting that Russia is the party inflicting the damage. · Berlingske

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