Belgium, Slovakia and Norway will determine the EU’s reparations loan plan

The EU has been working on a plan to use frozen Russian state assets to help keep Ukraine afloat. Since Russia’s invasion in 2022, around €185 billion in Russian assets have been immobilised in Europe, most of them sitting at Euroclear, a huge securities depository based in Belgium. But, why is the EU’s plan to use these frozen assets hitting a wall?

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