Germany pressing Belgium on frozen Russian assets

BERLIN: German Chancellor Friedrich Merz said Friday he is pressing the Belgian government to come to an agreement with the EU to use frozen Russian assets to fund Ukraine. The European Commission and multiple EU member states want to use immobilized Russian central bank assets to provide Kyiv with loans but Belgium, which hosts international deposit organization Euroclear, fears such a move could expose it to crippling legal and financial reprisals from Moscow.

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