The European Union has unveiled a new draft text outlining measures on the management of Russian assets seized amid ongoing geopolitical tensions. According to Reuters, the proposal includes uncapped financial guarantees specifically benefiting Belgium, positioning the country as a pivotal player in the bloc’s efforts to repurpose frozen Russian funds. This development marks a significant step in the EU’s strategy to address the economic fallout of the conflict and ensure member states are adequately supported in handling seized assets.
New EU Draft Text Secures Uncapped Guarantees to Protect Belgium from Russian Asset Risks
The European Union is advancing a robust legislative proposal aimed at addressing risks related to Russian assets held within its member states, with a particular focus on safeguarding Belgium’s financial system. The draft text, currently under negotiation, includes uncapped guarantees designed to mitigate potential losses stemming from the ongoing…
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Author : William Green
Publish date : 2025-12-24 02:56:00
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