Ось переклад англійською:
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🤡 *Allies POV:*
According to articles by *Politico* and the *Financial Times*, EU countries have refused to give Belgium the unlimited financial and legal guarantees it demanded in order to unblock a “reparations-backed loan” for Ukraine.
ℹ️ A reminder for those who forgot what this reparations-backed loan is about: the European Commission proposes using roughly €140–180 billion in frozen Russian Central Bank assets held in Euroclear as collateral for a large loan to Ukraine. Ukraine would have to repay the loan only if it receives reparations from Russia in the future. In other words, we would not be spending our own money to repay this loan in any case.
I have previously written a post with all the details about this “loan.”
Belgium, as the jurisdiction of Euroclear, considers the scheme legally and politically risky, emphasizing the high likelihood of prolonged international lawsuits from Russia against the Belgian state and the depository itself. The country’s prime minister says this could undermine trust in the euro, cause investors to withdraw funds, and damage Brussels’ reputation as a financial center — therefore Belgium demands very broad guarantees from its EU partners.
In other words, Belgium is trying to shift responsibility onto other allies, but these EU “allies” also refuse to provide guarantees and do not want to take on this matter. Powerful!
Belgium asked the other 26 EU countries to assume full legal and financial risks and to guarantee the entire loan amount so that Belgium would bear no responsibility if Russia attempts to reclaim the money or if the scheme is struck down by a court. But, as I already mentioned, they refused.
Diplomats from several EU countries also stated that such guarantees would make their own financial stability dependent on future court rulings, potentially forcing them to pay out billions of euros (instead of Russia or Ukraine) after the war ends. Some capitals also believe that Belgium is partly driven by its own financial interests, since the profits from holding Russian assets (taxes, Euroclear revenue) bring significant income to its budget.
And then Europeans wonder why no one takes their opinion into account and why deals are made behind their backs. Keep making more “strong” moves and decisions.
