Business & Economics

Belgium and Euroclear Imperil EU Scheme to Underwrite €183 B Ukraine Loan With Frozen Russian Reserves

On 15-17 Nov 2025 Belgium’s government and Euroclear’s CEO openly threatened to block or sue over the European Commission’s plan to leverage €193 billion in Russian central-bank assets parked in Brussels to finance a €183 billion, G-7-backed defense loan to Ukraine.