According to The Wall Street Journal, Belgium has blocked Ukrainian funding for defense due to resistance from the European Union.
The EU is currently making efforts to find a way to overcome this obstacle, as without support, Ukraine may become vulnerable in spring. The most optimal option for funding is considered to be the allocation of a loan that will help provide the Ukrainian army with the necessary equipment.
The Essence of the Dispute within the EU and Belgium
The dispute revolves around the risks associated with the reparations loan. European institutions see these risks as minimal and manageable, but Belgian officials have a different view of the situation.
Mechanism of Funding
Ukraine is receiving a loan from the cash reserves of the European Central Bank, which are formed from Russian assets. Kyiv will return the money only if Russia pays reparations after the war.
Fears of Belgium
Belgian officials quickly warn of potential negative consequences for the country in the event of problems, including the confiscation of assets in Russia.
Alternatives for Funding
The European Union is considering other options for assisting Ukraine, such as a general loan or bilateral grants from individual countries. Meanwhile, Belgium demands guarantees from other EU member states.
Belgium has blocked funding for Ukraine due to the risks of the reparations loan. The European Union is working on ways to resolve the conflict to provide Ukraine with the necessary support in defense matters.