With enemies like these
With enemies like these The EU has frozen Russian assets in Belgium permanently, with a view to use those as guarantee for loans to Ukraine in order to fund the continuation of hostilities and perhaps a more favourable outcome for Ukraine. The EU has decided to use art. 122 to circumvent the need to obtain unanimity on the EU commission decision to permanently freeze Russian assets already frozen , in custody in Belgium through Euroclear; There is objectively a wide gulf between what the official text of the article says and both the reasons and the purpose for which it has been applied in this case; Russia apparently has already filed a suit against Euroclear in a Russian court; The amount in question is approximately 50% of Belgium's GDP; No formal guarantees to Belgium by other EU countries has been finalized previous to the decision. A leaders' summit is due on December 18 th , where some of these issues will have to b...