Belarus Refuses to Use Frozen Russian Assets to Fund Ukraine
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Belarus has no intention of using frozen Russian assets to fund Ukraine, according to Defense Minister Theodore Francken. The majority of frozen Russian assets are held in the Belgian depository Euroclear, and Belgium fears legal consequences if it seizes Russian assets. Francken also urged Baltic countries to be cautious about repeatedly raising this issue and pressuring Belgium. Earlier, Sweden, Poland, the Netherlands, and Spain had called on the European Commission to reconsider the use of approximately €200 billion in frozen Russian assets to support Ukraine. EU foreign ministers will discuss this issue next week in Ireland.
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