Belgian PM digs in against EU push to use Russian assets for Ukraine

Belgium's Prime Minister Bart De Wever delivers his political declaration during a plenary session before Belgium's federal parliament, in Brussels, Belgium. (AFP)
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Updated 28 November 2025
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Belgian PM digs in against EU push to use Russian assets for Ukraine

  • De Wever pushed back strongly on the initiative and urged Brussels against venturing “into unchartered legal and financial waters”

BRUSSELS: Belgium’s Prime Minister Bart De Wever has called an EU plan to use frozen Russian assets to fund Ukraine “fundamentally wrong,” throwing further doubt on a push by Brussels to agree the move next month.
In a letter to European Commission head Ursula von der Leyen seen by AFP Friday, De Wever pushed back strongly on the initiative and urged Brussels against venturing “into unchartered legal and financial waters.”
The EU executive, and multiple member states, are pressing for the bloc to tap immobilized Russian central bank assets to provide Kyiv with a 140-billion-euro ($162 billion) loan to plug looming budget black holes.
Belgium is the key voice on the issue as it hosts international deposit organization Euroclear, where the vast bulk of the assets are held.
De Wever has repeatedly said the plan could leave his country facing crippling legal and financial reprisals from Moscow — and called for cast-iron guarantees from other EU countries that they will share the risk.
“I will never commit Belgium to sustain on its own the risks and exposures,” he wrote in the four-page letter.
He said he would only agree to the scheme at a crunch EU leaders’ summit on December 18 if binding guarantees “are delivered and signed by member states at the time of decision.”
De Wever’s letter comes as von der Leyen has promised to come up with legal texts soon laying out the exact proposed structure of the scheme.
EU officials have asserted that the risks for Belgium of a successful legal challenge are small — an argument rebutted by the straight-talking De Wever.
“Let me use the analogy of a plane crash: aircraft are the safest way of transportation and the chances of a crash are low, but in the event of a crash the consequences are disastrous,” he said.
Clamour to harness the Russian assets has grown in the EU after a US plan to stop the war in Ukraine that emerged last week suggested the assets should be unfrozen.
Proponents argue that if the bloc does not act now to use the money, then it risks losing control of it under a potential US-backed peace deal.
The proposed EU “reparations loan” envisages that Ukraine would only pay back the funds once Russia has coughed up for the damages inflicted by its invasion.
In the face of Belgian opposition to the plan, von der Leyen has laid out other options to keep financing Kyiv, including EU countries taking out joint borrowing.
The commission has warned that those options would prove more costly for member states at a time when many are struggling with stretched national budgets.


Putin says there are points he can’t agree to in the US proposal to end Russia’s war in Ukraine

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Putin says there are points he can’t agree to in the US proposal to end Russia’s war in Ukraine

Russian President Vladimir Putin says some proposals in a US plan to end the war in Ukraine are unacceptable to the Kremlin, indicating in comments published Thursday that any deal is still some ways off.
US President Donald Trump has set in motion the most intense diplomatic push to stop the fighting since Russia launched the full-scale invasion of its neighbor nearly four years ago. But the effort has once again run into demands that are hard to reconcile, especially over whether Ukraine must give up land to Russia and how it can be kept safe from any future aggression by Moscow.
Trump’s special envoy, Steve Witkoff, and son-in-law Jared Kushner planned to meet later Thursday with the Ukrainian delegation led by Rustem Umerov following the Americans’ discussions with Putin at the Kremlin, but there was no immediate confirmation whether that meeting took place.
The meeting at the Shell Bay Club, a golf property developed by Witkoff in Hallandale Beach, was tentatively set to begin at 5 p.m. EST, according to an official familiar with the logistics. The official was not authorized to discuss the matter publicly because the meeting has not yet been formally announced and spoke on condition of anonymity.
Putin said his five-hour talks Tuesday with Witkoff and Kushner were “necessary” and “useful,” but also “difficult work,” and some proposals were unacceptable.
Speaking to the India Today television channel before he landed Thursday in New Delhi for a state visit, Putin said the American proposals discussed at the Kremlin meeting were based on earlier discussions between Russia and the US, including his meeting with Trump in Alaska in August, but also included new elements.
“We had to go through practically every point, which is why it took so much time,” he said. “It was a meaningful, highly specific and substantive conversation. Sometimes we said, ‘Yes, we can discuss this, but with that one we cannot agree.’“
Trump said Wednesday that Witkoff and Kushner came away from the marathon session confident that Putin wants to find an end to the war. “Their impression was very strongly that he’d like to make a deal,” he added.
Putin said the initial US 28-point peace proposal was trimmed to 27 points and split into four packages. He refused to elaborate on what Russia could accept or reject, and none of the other officials involved offered details of the talks.
The Russian leader praised Trump’s peace efforts, noting that “achieving consensus among conflicting parties is no easy task.”
“To say now what exactly doesn’t suit us or where we could possibly agree seems premature, since it might disrupt the very mode of operation that President Trump is trying to establish,” Putin said.
He emphasized that Russia will fulfill the goals it set and take all of the eastern Donetsk region. “All this boils down to one thing: Either we take back these territories by force, or eventually Ukrainian troops withdraw,” he said.
European leaders, left on the sidelines by Washington as US officials engage directly with Moscow and Kyiv, have accused Putin of feigning interest in Trump’s peace drive.
French President Emmanuel Macron met in Beijing with Chinese leader Xi Jinping, seeking to involve him in pressuring Russia toward a ceasefire. Xi, whose country has provided strong diplomatic support for Putin, did not say respond to France’s call, but said that “China supports all efforts that work toward peace.”
Russian barrages of civilian areas of Ukraine continued overnight into Thursday. A missile struck Kryvyi Rih on Wednesday night, wounding six people, including a 3-year-old girl, according to city administration head Oleksandr Vilkul.
The attack on Ukrainian President Volodymyr Zelensky’s hometown damaged more than 40 residential buildings, a school and domestic gas pipes, Vilkul said.
A 6-year-old girl died in the southern city of Kherson after Russian artillery shelling wounded her the previous day, regional military administration chief Oleksandr Prokudin wrote on Telegram.
The Kherson Thermal Power Plant, which provides heat for over 40,000 residents, shut down Thursday after Russia pounded it with drones and artillery for several days, he said.
Authorities planned emergency meetings to find alternate sources of heating, he said. Until then, tents were erected across the city where residents could warm up and charge electronic devices.
Russia also struck Odesa with drones, wounding six people, while civilian and energy infrastructure was damaged, said Oleh Kiper, head of the regional military administration.
Overall, Russia fired two ballistic missiles and 138 drones at Ukraine overnight, officials said.
Meanwhile, in the Russia-occupied part of the Kherson region, two men were killed by a Ukrainian drone strike on their vehicle Thursday, Moscow-installed regional leader Vladimir Saldo said. A 68-year-old woman was also wounded in the attack, he said.