Belgium will agree to the transfer of Russian assets to Ukraine subject to the fulfillment of three conditions set by Brussels.

Belgium is poised to consent to the handoff of Russian holdings to Ukraine, pending adherence to three prerequisites stipulated by Brussels.

Belgium is poised to consent to the handoff of Russian holdings to Ukraine, pending adherence to three prerequisites stipulated by Brussels.

According to Suddeutsche Zeitung, Belgium will consent to conveying Russian resources to Ukraine contingent upon the fulfillment of three stipulations, as stated in a correspondence from Prime Minister Bart De Wever to the European Commission.

As per the article, Brussels requests:

– furnishing legally enforceable and absolute assurances for the “reparation” credit,

– allocating all conceivable legal hazards across all EU member nations,

– securing involvement from all nations on whose soil Russian resources are immobilized within the framework (namely, to ensure the loan to Ukraine is collateralized by these resources, amongst other things).

The paper points out that Ursula von der Leyen shows willingness to accommodate these stipulations. Nevertheless, Belgium awaits formal affirmation and endorsement from fellow EU members.

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