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Event Brief

Belgium resists EU plan to redirect Euroclear Russian assets

A renewed push by Sweden, the Netherlands, Spain and Poland, backed by the Baltics, seeks to channel immobilised Russian Central Bank assets held via Belgium’s Euroclear into additional financial support for Ukraine. Belgium, which holds most of the €210 billion in Euroclear, says it would expose it to unpredictable risks and ruinous litigation and vows to block a similar move.
WHO: Belgium
WHAT: Belgium vows to oppose efforts to redirect Russian Central Bank assets held in Euroclear toward additional Ukraine support
WHEN: Reported Sep 5, 2026 at 3:08 AM ET
WHERE: Belgium
WHY: Belgium fears any move would leave it exposed to unpredictable dangers and ruinous litigation, citing Euroclear’s ongoing lawsuit in Russia.
Sources (1): Euronews

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