Russia’s Grushko says EU asset move would rob both Russia and Belgium
Deputy FM Alexander Grushko warns that EU’s plan to relocate frozen Russian assets from Euroclear in Belgium would also deprive Belgium of its own assets.
Quick Look
Russian Deputy Foreign Minister Alexander Grushko said in Vladivostok that Belgium now realizes EU plans to move frozen Russian assets from Euroclear in Belgium would also rob Belgium itself.
AI-generated summary
Why It Matters
Belgium hosts Euroclear, a depository holding about 180 billion euros in frozen Russian assets.
VLADIVOSTOK, September 3. /TASS/. Belgium understands that the European Union plans to rob not only Russia but Belgium itself by moving Russian assets out of Belgian jurisdiction, Russian Deputy Foreign Minister Alexander Grushko told reporters in response to a TASS question.
"We see that today Belgium, where Euroclear is located (the Belgian depository holding around 180 bln euros in frozen Russian assets - TASS), understands that it is not only Russia that is being robbed, but Belgium as well," the diplomat said.
Grushko described plans to use Russian assets as robbery. "How can you comment on theft? It is theft and robbery. Lawlessness. That's all," the deputy minister said.
Open Questions
- What specific EU legislation enables the asset relocation?
- How will Belgium respond to the potential loss of its own assets?
