Calls for Russia’s frozen assets held in Belgium to be used in rebuilding Ukraine

The article discusses Euroclear's involvement in a geopolitical dispute over its holdings of Russian state funds frozen during the invasion of Ukraine. As a neutral financial institution, Euroclear holds €183bn of Russian sovereign assets, and its future stability could impact Belgium's economy. The EU supports using these funds for Ukraine's reconstruction but faces concerns from Belgian officials about potential withdrawals or collapse due to its 13% stake. Meanwhile, international figures like Bart De Wever warn against confiscation, while others propose more elaborate uses of the assets, including transferring them to Kyiv for support.