The Belgian government has initiated the issue of debt instruments that will raise funds for the reconstruction of Ukraine.
Belgium has proposed a plan to G7 countries that could allow frozen Russian assets in Europe to be unlocked in favor of Ukraine. It was reported by the Financial Times.
It was noted that the Belgian government has initiated the issue of debt obligations that will raise funds for the restoration of Ukraine. Russian assets will be used to pay off the debt.
The publication writes that Ukraine’s allies will demand that the Russian Federation repay the debt on the given obligations, but if Moscow refuses, the partners will attract Russia’s fixed assets. This will help overcome some legal obstacles to the confiscation of Russian funds.
“This, among other things, will allow us to postpone the question of what will happen to the sovereign properties of Russia, even if they will be used as collateral,” said one of the interlocutors of the publication that was quoted in this topic.
Another source said the Belgian proposal was “an attempt to find a compromise between different points of view within the EU and within the G7.”
It was previously reported that Belgium will transfer aid to Ukraine regarding Russian assets.
Confiscation of assets of the Russian Federation: the first step is taken
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.