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Belgian PM Blocks €140B Ukraine Loan at EU Summit

11/6/2025

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Summary

Story summary

Belgian Prime Minister Bart De Wever blocked a €140 billion reparations loan plan for Ukraine at an EU summit, citing Belgium’s legal exposure.
The plan would use immobilised Russian Central Bank assets in Belgium to fund Ukraine’s budget.
Germany and Japan have not disclosed their Russian asset volumes.
The Commission faces pressure to find funding before Ukraine’s budget gap worsens, with a November 7 meeting to explore alternatives.

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Story summary

Belgian Prime Minister Bart De Wever blocked a €140 billion reparations loan plan for Ukraine at an EU summit, citing Belgium’s legal exposure.
The plan would use immobilised Russian Central Bank assets in Belgium to fund Ukraine’s budget.
Germany and Japan have not disclosed their Russian asset volumes.
The Commission faces pressure to find funding before Ukraine’s budget gap worsens, with a November 7 meeting to explore alternatives.