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The European Union is facing difficulties in using frozen Russian assets to finance Ukraine, due to the unlimited guarantee requests made by Belgium.

Raluca Ioana Draghici
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2 December 2025, 08:40
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The European Union's plan to use the 140 billion euros in frozen Russian assets to support Ukraine faces significant obstacles. Belgian Prime Minister Bart De Wever is calling for member states to provide financial guarantees that exceed the total value of the assets, which can be activated quickly even after the sanctions against Russia expire. This requirement is considered unacceptable by many European countries, which hesitate to offer a "blank check."

The European Commission, led by Ursula von der Leyen, is working on a legal framework for loans, but the guarantees requested by Belgium risk derailing the negotiations. European diplomats warn that a ruling in favor of Russia in court could severely impact the financial stability of member states. If the deadlock continues, the Union may have to issue additional debt, an unpopular option, as it would increase the tax burden on European taxpayers. In this context, the head of European diplomacy, Kaja Kallas, has called for calm and openness to dialogue to find a viable solution.

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Belgia cere un „cec în alb” pentru deblocarea activelor rusești: „Dacă garanțiile sunt infinite și fără limite, atunci în ce ne băgăm?”
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Politico Europe
EU countries reject ‘blank check’ guarantee to Belgium over Russian assets loan

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The EU is discussing how to use 6.6 billion euros from the European Peace Facility intended for the reimbursement of states that have militarily assisted Ukraine.
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The EU receives another 1.4 billion euros from frozen Russian assets, while total revenues reach 8 billion.
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Ursula von der Leyen condemned Russia's attacks in Ukraine, calling these actions "horrible atrocities"
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