8legs: Bart de wever

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EU countries reject ‘blank check’ guarantee to Belgium over Russian assets loan

EU governments push back on Belgium's demand for wide guarantees to back a loan using frozen Russian assets.
The plan concerns €140 billion of frozen Russian assets in Belgium used to fund Ukraine's needs.
EU leaders aim to balance political cover with legal safety, avoiding an unlimited guarantee.
The European Commission is close to unveiling a legal framework for the loan in time for the December talks.
Belgian Prime Minister Bart De Wever seeks guarantees that exceed €140 billion and last beyond sanctions.
EU diplomats emphasize political difficulty for member states to approve a blank check.
The discussion centers on how comprehensive guarantees should be, amid concerns about taxpayer exposure.
EU ambassadors have reviewed sections of the Commission's legal proposal to build consensus.
A December EU summit is set to decide on the loan framework and guarantees.
EU leaders seek a viable solution that balances Belgium's request with broader financial responsibility.

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