Belgian PM says best to leave frozen Russian funds in Euroclear for now


Belgian Prime Minister Bart De Wever attends a press conference with German Chancellor Friedrich Merz (not pictured), at the Chancellery, in Berlin, Germany August 26, 2025. REUTERS/Annegret Hilse

BERLIN (Reuters) -Russian state assets frozen since the start of the Ukraine war should stay in the Euroclear securities repository in Belgium for now, the Belgian prime minister said on Tuesday, adding that seizing them to benefit Ukraine would raise legal issues.

G7 countries have frozen some $300 billion of Russian sovereign assets since Moscow's 2022 invasion of Ukraine. The European Union estimates that 210 billion euros ($246 billion) of that is held in the EU, mainly in the form of government bonds at the Euroclear repository.

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