Belgium’s Ambassador to Ukraine, Luc Jacobs, explained his country’s position on the potential use of frozen Russian assets, stating that Brussels ‘is not in opposition.’ In a recent statement, Jacobs emphasized that Belgium remains open to exploring all viable options to support Ukraine, including the utilization of frozen Russian assets.
The ambassador introduced the concept of a ‘reparations loan’ as an intriguing proposal. This idea suggests that Ukraine could receive financial assistance from these frozen assets, with the understanding that repayment would be made in the future. This approach aims to balance immediate humanitarian needs with long-term financial responsibilities.
Jacobs highlighted that Belgium’s stance is grounded in international law and the need to ensure that any use of these assets is transparent and lawful. He also stressed the importance of maintaining strong diplomatic relations with all involved parties, including Russia, while supporting Ukraine’s sovereignty and territorial integrity.
The proposal has sparked discussions among other European Union members, with some expressing cautious optimism and others raising concerns about the legal and ethical implications of such a move. As the situation continues to evolve, Belgium’s position serves as a significant indicator of the broader European approach to addressing the financial aspects of the conflict.