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Following weeks of debate over whether Europe will use Russia’s frozen assets to finance a loan for Ukraine, the EU’s top diplomat expressed confidence on Monday that EU officials can get Belgium on board.
“I don’t in any way diminish the worries that Belgium has, but we can address those,” said Kaja Kallas, the EU’s high representative for foreign affairs, at a press conference.
Belgian Prime Minister Bart De Wever has emerged as the primary opponent of the plan. The majority of Russian frozen assets are held in the Belgium-based financial clearing house Euroclear, and De Wever has argued that his county could face legal or financial ramifications if Russia brings the issue to court.
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The Commission is still signalling it will present a legal text on how the scheme would work, including how Europe would collectively shoulder the ramifications De Wever is concerned about. A Commission spokesperson said on Monday the proposal would be presented in the “coming days.”
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This is why the EU will be here for a long long time, it does do the right thing but doesn’t rush. This might seem a bad thing but it will prevent someone like donald trump to fuck everything up. IMO.
Also yes give it all to Ukraine ❤️ !