Belgian Prime Minister believes that confiscation of russian assets could be an "act of war"

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Date

21 Mar 2025


According to de Wever, Europe's confiscation of almost 200 billion euros of frozen russian assets will have "systemic risks for the entire financial world system" and will provoke retaliation from moscow.

 

“We do not live in a fantasy world. We live in the real world, where if you take away 200 billion euros from someone, it will have consequences,” he said.

 

In addition, de Wever urged his fellow leaders to refrain from publicly "presenting frozen and immobilized assets as putin's little piggy bank that you can just smash with a hammer and then take the money and spend it on whatever you want, because it's not that easy."

 

As you know, Belgium holds the largest share of russia's frozen assets, and dozens of lawmakers have repeatedly called on King Philip of Belgium to publicly support the seizure of russia's assets in support of Ukraine.

 

Source: Politico