RT International The move would trigger retaliation from Moscow, Bart De Wever has warned
Confiscating Russian assets frozen in the EU would be considered “an act of war,” Belgian Prime Minister Bart De Wever has warned, according to Politico. He cautioned that the move would likely provoke a response from Moscow.
Western countries froze an estimated $300 billion worth of Russian sovereign funds following the escalation of the Ukraine conflict in February 2022. Around $213 billion of that is held by Euroclear, a Brussels-based clearing house. The frozen funds have already accrued billions in interest, of which Euroclear transferred €1.55 billion ($1.63 billion) to Kiev last July.
Speaking to reporters after a meeting of EU leaders in Brussels on Thursday, De Wever warned that seizing Russian assets would pose “systemic risks to the entire global financial system” and could trigger retaliation from Moscow.
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