The EU proposes a special purpose vehicle (SPV) that uses only the excess income from frozen Russian assets to finance war efforts in Ukraine, avoiding legal and geopolitical risks, without destabilizing Belgium or compromising global financial stability.
Frozen Russian funds are a key economic tool in peace negotiations between Russia and Ukraine, mainly in European countries. The EU and US seek to manage them to influence Russia, generating tensions and crucial decisions for continental stability and security, especially in the face of Ukraine’s need for financing.
The EU proposes a loan for repairs to Ukraine using frozen Russian assets. The European Commission suggested that Euroclear Bank back the loan. The EU seeks to avoid harm to the international financial order. If it fails, the EU will seek other forms of support for Ukraine. Everyone should back this plan.
