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Belgium Wants Guarantees Before Approving $163 Billion Ukraine Loan

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German Chancellor Friedrich Merz said he is confident that European leaders will address the use of Russian frozen assets.

Belgium Wants Guarantees Before Approving $163 Billion Ukraine Loan

Belgian Prime Minister Bart De Wever in Antwerp, Belgium, on May 25, 2025. Nicolas Maeterlinck/Belga/AFP via Getty Images

Guy Birchall

|Updated:

Belgium laid out a trio of demands on Oct. 23 that need to be met before immobilized Russian assets can be used to provide a 140 billion euro ($163 billion) loan to Ukraine.

Belgian Prime Minister Bart De Wever said he would remain opposed to the loan until he secured all three of the guarantees.

Guy Birchall

Guy Birchall is a UK-based journalist covering a wide range of national stories with a particular interest in freedom of expression and social issues.

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