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The Independent UK
The Independent UK
World
Lorne Cook

Belgium demands change in plan to use frozen Russian assets for Ukraine

Belgian Prime Minister Bart De Wever has insisted that his European partners must share the risk of using billions of dollars in frozen Russian assets that are held in his country to help keep Ukraine’s economy and war effort afloat in the coming years.

Ukraine’s budget and military needs for 2026 and 2027 are estimated to total around $153 billion, and the European Union’s executive branch has been developing a plan to use Russia’s frozen assets as collateral to drum up funds.

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