Belgium shut down a renewed push by Poland, Netherlands, Spain and Sweden to use €210 billion in frozen Russian assets for Ukraine.

Intelligence summary

Belgium shut down a renewed push by Poland, Netherlands, Spain and Sweden to use €210 billion in frozen Russian assets for Ukraine. Belgium's Defense Minister Francken: Non-negotiable; the door is closed. He warned Baltic states to stop "putting us in a corner." Belgium fears Russian lawsuits — Moscow already won a €220B damages ruling against Euroclear in a Russian court. A similar EU proposal failed in Dec 2025 over the same concerns.