Belgium's €140 Billion Question: To Loan or Not to Loan?

Belgium is facing a big choice. There's a plan to lend Ukraine €140 billion. The money would come from Russian assets frozen in Euroclear, a major financial center in Brussels. The idea is to use this cash as security for the loan. The loan would be repaid with future reparations from Russia. Many countries in the EU and beyond would back this plan. The European Central Bank has said it should follow the rules and keep things steady. But Belgium is not sure. They're worried about the legal and economic risks. This loan is a big deal. It's a way to support Ukraine without directly taking Russian assets. But it's complicated. Belgium needs to think hard before deciding. The loan shows how countries are trying to help Ukraine. But it's not simple. There are legal and economic concerns. Belgium's hesitation shows the challenges ahead. A new way to handle this issue is needed. The frozen Russian assets in Euroclear are a key part of this plan. These assets come from bonds that have matured. The loan would be guaranteed by many countries. But Belgium is still unsure. They need to weigh the risks carefully. This situation is a test for Belgium and the EU. It's about more than just money. It's about finding a way to help Ukraine while following the rules. The decision will have big consequences. Belgium needs to think carefully about the future.