Steps forward for frozen Russian money to Ukraine

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Steps forward for frozen Russian money to Ukraine
Photo: Geert Vanden Wijngaert/AP/TT

EU countries agree to freeze Russian state assets for longer than just six months at a time. This brings a billion-dollar loan to Ukraine closer – despite opposition from Belgium.

At an ambassadorial meeting in Brussels on Thursday, the green light was given for the legal solution that will make it impossible for any country to veto the continued freezing of Russian state assets.

According to the Danish presidency of the EU Council of Ministers, the decision was taken by a large majority and will now be confirmed via a written procedure on Friday.

The decision means that EU countries do not have to make new decisions every six months to freeze the money. In this way, it is hoped that Belgium in particular will feel more secure that the money will not suddenly have to be paid back to Moscow.

Belgian Prime Minister Bart De Wever remains skeptical about the possibility of providing a multi-billion dollar loan to Ukraine using Russian money.

"It (Russia) is a country that we are not at war with. It would be like going into an embassy, taking out all the furniture and selling it," De Wever said in the Belgian parliament on Wednesday, according to the newspaper Le Soir .

De Wever also warned that Belgium may go to court if it does not receive sufficient guarantees that it will not risk damages alone.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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