Belgian Prime Minister Bart De Wever will hold talks with German Chancellor Friedrich Merz on the use of frozen Russian assets to support Ukraine. Belgium expresses concerns about legal aspects and potential risks for its taxpayers.
German Chancellor Friedrich Merz canceled a trip to Oslo to persuade Belgium to support a €165 billion "reparation loan" to Ukraine. The loan is proposed to be secured by frozen Russian state assets located in Belgium.
Federica Mogherini resigned as Rector of the College of Europe after being detained by Belgian police. The investigation concerns alleged corruption in the establishment of the EU Diplomatic Academy.
Tesla registrations in Europe fell by 12. 3% in November, reaching about 17,000 cars. Excluding Norway, the decline was 36.3%, while in Norway sales increased by 175%.
Belgian Prime Minister Bart De Wever blocked an EU plan to provide Ukraine with a 140 billion euro loan. He fears legal and financial retaliation from Russia.
A poll has shown that almost half of Europeans consider Donald Trump an “enemy of Europe,” and more than two-thirds believe their country would not be able to defend itself in the event of a war with Russia. Most respondents support EU membership and believe that Brexit has harmed the United Kingdom.
The European Union has added Russia to its list of high-risk countries for money laundering and as a sponsor of terrorism.
The European Commission is proposing a “reparation loan” of 165 billion euros to Ukraine, using frozen Russian state assets. This loan is part of a broader financial package worth up to 210 billion euros to support Ukraine.
European Commission President Ursula von der Leyen stated that "almost all" of Belgium's concerns regarding a "reparation loan" for Ukraine have been addressed. This concerns the use of frozen Russian assets to finance Ukraine's needs.
Three suspects in the corruption case, including Federica Mogherini and Stefano Sannino, have been released from custody. They are accused of fraud, corruption, and conflict of interest, but are not considered a flight risk.
The European Commission is proposing a legal solution to avoid Belgium having to pay billions of euros if Hungary vetoes the extension of sanctions against Russia. This would allow €140 billion of frozen Russian assets to be used as a loan to Ukraine.
The European Central Bank has rejected participation in the European Commission's proposal to use frozen Russian assets. This complicates the attraction of a loan secured by the immobilized assets of the Russian central bank.
European governments accuse Belgium of excessive demands for protection in case the Kremlin sues over the use of 140 billion euros in frozen Russian assets. This could derail negotiations on the EU's plan to provide these assets to Ukraine before the December summit.
Kaja Kallas expressed concern about possible pressure on Ukraine in peace talks and emphasized the importance of reparations credits from frozen Russian assets. She also supported Ukrainian anti-corruption institutions, stressing the importance of trust during the war.
The head of European Union diplomacy, Kaja Kallas, stated that Russia must pay compensation to Ukraine. She emphasized that fair reparations loans, backed by frozen Russian assets, should form the basis for compensation for damages.
European Council President António Costa will host an informal meeting of EU leaders on February 12 at Alden Biesen Castle, Belgium, to discuss Europe's competitiveness. The meeting will follow discussions on the European Commission's proposal for a pan-European industrial revival.
EU diplomacy chief Kaja Kallas stated that Belgium has legitimate concerns about the risks of a reparations loan for Ukraine, but other member states are ready to share these risks. The European Commission continues consultations with member states, including Belgium, on this issue.
The European Commission is consulting with member states on a "reparations loan," but Belgium is resisting. EU leaders must find a solution before the December 18-19 summit, as all options have weaknesses.
Belgium is slowing down the EU's decision to transfer frozen Russian assets to Ukraine, fearing legal claims from Russia and undermining trust in its financial institutions. This could also affect peace negotiations with Russia, which might refuse dialogue.
EU countries are increasing pressure on Belgium to unblock 140 billion euros of frozen Russian reserves. Belgium is accused of concealing information about tax revenues received from these assets.
Belgian Prime Minister Bart De Wever stated that the EU's plan to use frozen Russian assets to finance Ukraine could harm a peace agreement. Belgium has not seen the legal wording from the European Commission, which will present a proposal this week on the use of the assets.
The European Commission is urging Western allies to speed up payments on a $50 billion loan to Ukraine. This comes as Belgium is stalling EU efforts to support Ukraine with a larger financing scheme using Russian assets.
The sanctions coalition imposed restrictions on over 500 entities in Russia's energy sector, including oil tankers and financial institutions. This led to a decrease in the price of Russian oil and a reduction in its exports, forecasting significant losses for the Russian budget.
Estonian Foreign Minister Margus Tsahkna stated that there are no signs of a quick peace in Ukraine. He noted that Putin is using a tactical moment to increase pressure on the front and civilians, expressing skepticism about a US-led peace agreement.
Frozen Russian assets could be the only way to end the war in Ukraine and prevent its spread to Europe. Europe must demand a just peace for Ukraine, using confiscated assets to save it.
People's Deputy Oleksiy Honcharenko stated that Ukraine's accession to the EU would lead to a loss of sovereignty. Expert Boryslav Bereza criticized this statement, pointing to the lack of arguments and Poroshenko's previous actions.
EU countries are working on a "plan B" in case they cannot reach an agreement on seizing frozen Russian assets to finance Ukraine.
European leaders, including France and Great Britain, are discussing the creation of multinational military forces to support Ukraine after a peace agreement with Russia. A working group has been established to clarify the details of military assistance, which may include troop deployment and air support.
An EU loan of 140 billion euros, which Ukraine may receive, backed by frozen Russian assets, does not pose a threat to the sovereign ratings of EU countries. Leading rating agencies S&P and Fitch stated minimal risks for EU members, despite concerns about possible Russian lawsuits.
The heads of the foreign affairs committees of 20 European countries adopted a joint statement on the war in Ukraine. They emphasized that a just peace must be based on international law and respect Ukraine's territorial integrity.