Belgium’s prime minister Bart De Wever has called for Russian assets frozen since the outbreak of conflict in Ukraine to remain in the Euroclear securities depository in Belgium.
De Wever made the call on Tuesday, cautioning that seizing them to aid Ukraine would present major legal hurdles in future.
G7 nations have immobilized around $300 billion in Russian sovereign assets since Moscow’s 2022 invasion. The European Union estimates that €210 billion ($246 billion) of this sum is held within the bloc, largely in government bonds at Euroclear.
“A significant share of these funds is blocked in Brussels at Euroclear. I am aware that some governments are seeking to confiscate the money. But I would warn that this is not straightforward from a legal standpoint,” he told reporters at a joint press conference with German Chancellor Friedrich Merz in Berlin.
De Wever noted that the assets include Russian central bank reserves, which enjoy legal immunity. He warned that any attempt to seize them by political decree could trigger serious repercussions.
“Other states would also withdraw their sovereign funds. This could have systemic consequences and poses grave legal risks. I believe these state funds should remain immobilised,” he said.
He added that using profits generated by the assets to support Ukraine was acceptable, but stressed that the principal should remain untouched.
“It is like a goose that lays golden eggs. We must preserve the goose. Ultimately, when a peace treaty is discussed, then the goose can be placed on the table … Until that moment, it is prudent to maintain the current position,” he remarked.
U.S. President Donald Trump has been spearheading a renewed drive to bring the three-and-a-half-year conflict to an end.
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China has announced plans to fully cover childbirth-related costs for families as authorities move to incentivise young couples to have more children.
The Taliban leadership in Afghanistan opted out of a major regional meeting held in Iran’s capital Tehran on Sunday.
Australia vowed stricter gun laws on Monday as it began mourning victims of its worst mass shooting in almost 30 years, in which police accused a father-and-son duo of killing 16 people at a Jewish Hanukkah celebration at Sydney’s Bondi Beach.
Tensions escalate as the U.S. seizes Venezuelan oil tanker Skipper on 10 December, a move Caracas calls “international piracy,” targeting sanctioned crude and marking a sharp escalation in Washington’s pressure on Maduro’s regime.
Turkish President Recep Tayyip Erdoğan reiterated his offer to host Ukraine-Russia peace talks in Ankara, at his meeting with Russian President Vladimir Putin. The talks took place on the sidelines of the international Forum for Peace and Trust in Ashgabat, Turkmenistan, on Friday (12 December).
Russia’s human rights commissioner, Tatyana Moskalkova, has said that Ukraine has not provided Moscow with a list of thousands of children it alleges were taken illegally to Russia, despite the issue being discussed during talks in Istanbul.
Iranian authorities have seized a foreign tanker carrying more than 6 million litres of smuggled fuel in the Sea of Oman, detaining all 18 crew members on board.
An explosive device found in a vehicle linked to one of the alleged attackers in Bondi shooting has been secured and removed according to Police. The incident left 12 people dead.
The latest round of clashes between Thailand and Cambodia has left 15 Thai soldiers dead and 270 others injured, Thailand’s Ministry of Defence spokesman Surasant Kongsiri said at a press conference on Saturday.
Tensions escalate as the U.S. seizes Venezuelan oil tanker Skipper on 10 December, a move Caracas calls “international piracy,” targeting sanctioned crude and marking a sharp escalation in Washington’s pressure on Maduro’s regime.
Syria has arrested five people suspected of having links to a deadly attack on a joint U.S.–Syrian convoy in the central town of Palmyra on Saturday, the country’s Interior Ministry said.
The head of Britain’s Secret Intelligence Service, the foreign spy service known as MI6, has warned that Russia "remains an aggressive and expansionist threat", vowing sustained support for Ukraine and calling for greater use of technology to protect UK security.
Odesa residents remained without power for a third straight day on Monday (15 December) after a Russian missile and drone strike crippled the power grid on Saturday (13 December).
Fighting along the Thailand–Cambodia border has entered a fifth consecutive day, despite U.S. President Donald Trump claiming he had brokered a ceasefire between the two sides.
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