Belgium’s prime minister has warned that the European Union’s push to tap frozen Russian state assets for Ukraine risks undermining future peace efforts, according to the Financial Times.

In brief:

  • PM Bart De Wever raised the concern in a letter to Commission chief von der Leyen.

  • EU leaders failed last month to get Belgium’s backing for a €140bn loan scheme for Kyiv.

  • Much of the Russian money is held in Belgium, giving Brussels significant leverage.

  • The Commission will propose new legal text to address Belgian concerns this week.

This article was written by Eamonn Sheridan at investinglive.com.

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