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Belgium Halts EU Plan for €185 Billion Russian Assets

11/14/2025

Summary

Story summary

Belgium blocks the EU plan to use €185 billion in frozen Russian assets.
Belgian officials demand legal guarantees to shield against Russian claims, fearing liabilities above €100 billion.
Slovakia's Prime Minister Robert Fico has opposed the plan, complicating the initiative.
The European Commission weighs joint borrowing or national funding, facing resistance from heavily indebted countries.
A high-stakes December summit will address the challenges as Ukraine's finances worsen by spring 2026.

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Story summary

Belgium blocks the EU plan to use €185 billion in frozen Russian assets.
Belgian officials demand legal guarantees to shield against Russian claims, fearing liabilities above €100 billion.
Slovakia's Prime Minister Robert Fico has opposed the plan, complicating the initiative.
The European Commission weighs joint borrowing or national funding, facing resistance from heavily indebted countries.
A high-stakes December summit will address the challenges as Ukraine's finances worsen by spring 2026.