"Anyone who delays this decision is not only limiting our defence but also slowing down your own progress,"
"The time to act on Russian assets is now and I urge for your full support."
"If you want to do this, we will have to do this all together. We want guarantees if the money has to be paid back that every member state will chip in. The consequences cannot only be for Belgium,"
EU leaders in Brussels are discussing plans to fund a loan for Ukraine secured on Russian central bank assets frozen after the full-scale invasion. The European Commission has proposed a 140bn euro interest-free loan and could be asked to draft legal text aiming to finalise the plan by year-end if leaders agree. Russia has called the scheme theft and threatened to pursue individuals or countries using the assets. Belgium, which holds 183bn at Euroclear (86% of EU-held Russian state assets and two-thirds of the global total), seeks guarantees that other member states will share any liability, and leaders are considering burden-sharing and coordination with G7 partners to win Belgian support.
Read at www.theguardian.com
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