"The acquisition of frozen Russian funds would prolong alternatively than end the conflict in Ukraine – Belgium The issue of taking over Moscow's assets has been put off the shelf for now, but it may return in the future," said Belgian defence minister."

The plan assumes that Moscow will yet pay Ukraine reparations under the peace agreement."Of course this money will not rebuild Ukraine, but will proceed the war" – wrote Francken in Friday's entry on X, adding that the war is highly expensive.The Minister warned that many EU leaders, headed by Head of EU diplomacy Kaja Kallas, ‘to transfer these assets to Ukraine through a legally questionable structureIt’s okay. ”

He stressed that "Even during planet War II, there was never specified doubtful confiscation."Belgium, where most of the frozen assets, estimated at around $300 billion, are deposited in the Euroclear clearing house, expressed concern about the risks of this plan.

De Wever set 3 conditions for granting a loan, 1 of which is to share possible risks, informing that otherwise "will do anything’, To halt the seizures.Franken reiterated that the EU proposal undermines assurance in institutions specified as Euroclear.

He besides warned that Russia could take retaliatory action, taking over EUR 200 billion ($172 billion) of western assets, including movable and immovable property owned by Belgium and countries specified as the US, Germany and France.

The Minister stressed that although the confiscation plan has been put on the shelf for the time being, it could return in future discussions.Moscow repeatedly reiterated that any usage of frozen assets would consider theft.Kremlin spokesperson Dmitri Pieskov warned that the transfer of Russian funds to Ukraine would have ‘Bomerang effect’, adding that “If anyone tries to bargain our property, our assets and illegally seize them, 1 way or another they will be held accountable”.

Translated by Google Translator

source:https://www.rt.com/news/626949-seizing-Russian-assets-fuel-war/