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.
Iran’s President Masoud Pezeshkian has set recognition of Tehran’s inalienable rights, payment of war ...
Iran should continue ‘blocking the Strait of Hormuz’, Iran's new Supreme Leader Mojtaba Khamenei, sai...
International security and climate change are top of the agenda as leaders and policymakers from around the world mee...
British Prime Minister Keir Starmer was warned about the "reputational risks" of appointing Peter Mandelson as U.S....
New Iranian Supreme Leader Mojtaba Khamenei has said Iran should continue ‘blocking the Strait of Hormuz’...
Iran’s President Masoud Pezeshkian has set recognition of Tehran’s inalienable rights, payment of war compensation, and international guarantees against any future invasion as conditions for ending the U.S.–Israel war with the Islamic Republic.
International security and climate change are top of the agenda as leaders and policymakers from around the world meet at the 13th Global Baku Forum in the Azerbaijani capital this week.
British Prime Minister Keir Starmer was warned about the "reputational risks" of appointing Peter Mandelson as U.S. Ambassador due to his friendship with convicted sex offender Jeffrey Epstein, files released on Wednesday (11 March) show.
New Iranian Supreme Leader Mojtaba Khamenei has said Iran should continue ‘blocking the Strait of Hormuz’ in his first statement since his election, read out on Iranian State television on Thursday (12 March).
The 32 countries belonging to the Internatioanl Energy Agency agreed to release 400 million barrels of oil on Wednesday (11 March), in efforts aimed at bringing down the price of crude oil, which has soared since fighting between Iran, Israel and the U.S. started at the end of February.
Iran should continue ‘blocking the Strait of Hormuz’, Iran's new Supreme Leader Mojtaba Khamenei, said in his first speech since being elected on Thursday. His words were read out by a broadcaster on state Iranian television. Khamenei has still yet to be seen in public since his election.
A towering lava fountain from Kilauea shot about 400 metres into the air late on Tuesday (11 March) on Hawaii Island, prompting temporary closures at Hawaii Volcanoes National Park and part of a key highway as volcanic ash and debris fell over nearby areas.
Norwegian police apprehended three brothers suspected of carrying out Sunday's (8 March) bombing at the U.S. embassy in Oslo, in an attack investigators have branded an act of terrorism.
More than 68,000 children in eastern Afghanistan have been displaced after clashes between Afghan and Pakistani forces intensified along the border, according to a new report by Save the Children.
Freight transport on the China–Europe Railway Express grew strongly in the first two months of 2026, highlighting the growing importance of rail links between Asia and Europe. The network moved about 352,000 shipping containers between January and February, a 25% increase from a year earlier.
At least 64 people have been killed in southern Ethiopia following recent landslides and floods, the regional government’s communications office said on Thursday (12 March), citing local police
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 12th of March, covering the latest developments you need to know.
Norwegian police apprehended three brothers suspected of carrying out Sunday's (8 March) bombing at the U.S. embassy in Oslo, in an attack investigators have branded an act of terrorism.
Oil prices continue to fluctuate as a result of the conflict in the Middle East with Iran and the insecurity of ships sailing through the key Strait of Hormuz route. Iran has said it will target any ship linked to the U.S., Israel or their allies.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment