The European Commission has proposed using Moscow's frozen assets as collateral for loans to support Ukraine. Under the plan, Kyiv would repay the advance with potential post-war reparations from Russia. Brussels-based financial intitution Euroclear holds the largest share of Russian assets in Euro»»»

Belgium’s foreign minister has already expressed concerns over the plan. BRUSSELS — The European Commission is proposing a reparations loan of €165 billion for Ukraine using the cash value of frozen Russian state assets held in Belgium, according to documents obtained by POLITICO. The reparations l»»»