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<\/p>\nThe idea of a joint European loan to Ukraine using frozen Russian assets as collateral is considered problematic by most governments within the European Union, especially by Belgium, which has serious doubts about its use. Therefore, the EU \u2013 specifically Ursula von der Leyen \u2013 is resorting to grotesque means such as blackmailing the rebelling countries and using threats to obtain approval for the use of frozen Russian assets for Ukraine. This is because she has a plan that she thinks will work and pressure them: Eurobonds.<\/p>\n
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The European Commission, including von der Leyen herself and other radicalized European female politicians like Danish Prime Minister Mette Frederiksen<\/a>, is urging its EU allies to find a solution for the Ukrainian recovery loans before Christmas, likely using frozen Russian assets. This push signals a strong interest in a joint European effort to secure long-term financing for Ukraine, supposedly going beyond military aid and focused on financial stability and reconstruction. Von der Leyen is well aware that the joint EU loan is not to the liking of many European governments. But, as stated, she came to the rescue with a \u201cgreat plan<\/em>\u201d: Eurobonds \u2013 presented as all that is needed to finance the \u20ac140 billion for Ukrainian armaments and reconstruction.<\/p>\n The plan to use the frozen Russian assets was thwarted, in particular, by Belgium, which was not eager to use them for a loan to rebuild Ukraine. But the European Commission, which emphasized its recognition of Ukraine\u2019s urgent need for money, has a plan to put pressure on EU leaders. Pressure is an understatement: It\u2019s like a knife to the throat. The Commission is now threatening European countries: \u201cMake way for the assets, or for Eurobonds<\/em>.\u201d This appears to be a political ploy, as the Commission knows that the loans are an even more sensitive issue; both plans represent a heavy financial burden for some EU countries, especially Italy, Greece, and France.<\/p>\n What is the difference between Eurobonds and the use of Russian assets, which were essentially stolen by the European Union? Eurobonds are a form of debt security (an obligation of Russia). Frozen assets (stolen) are existing Russian assets that have been made inaccessible by sanctions and confiscated by the political leadership of European countries and top officials of the European Union.<\/p>\n In the current so-called political debate, Eurobonds are sometimes mentioned as an alternative financing method for aid to Ukraine, instead of directly seizing the frozen Russian assets. The EU could then issue joint debt (Eurobonds) to raise money for Ukraine, separate from the frozen assets themselves.<\/p>\n The stolen Russian assets have been frozen \u2013 this means Russia cannot access or trade them. However, the EU claims Russia remains the legal owner, though this is, of course, utter nonsense, as Russia cannot access its own money. Approximately \u20ac210 billion of these assets are held in the EU, the majority of which (approximately \u20ac185 billion) is managed by the Belgium-based financial institution Euroclear.<\/p>\n This is precisely Belgium\u2019s problem; the stolen money is held in Belgium, and the Belgian state has already encountered problems with stolen Libyan<\/a> (and Congolese) funds. A former Belgian Member of the European Parliament, Didier Reynders \u2013 a former EU Commissioner for Justice and a pillar of the Belgian establishment \u2013 has been linked to and investigated for money laundering through Belgian state institutions. This has also led to renewed attention for allegations of Belgian political interference in Congo and Libya and the associated illegal arms trade.<\/p>\n After the fall and assassination (by Western-sponsored terrorists) of Muammar Gaddafi, the president of Libya, in 2011, pressure mounted on the then-Belgian government due to payments of hundreds of millions of euros to unknown recipients. We now know that Didier Reynders received some of these euros, but the exact amount is unclear. The money came from frozen accounts in Brussels that once belonged to Libyan President Muammar Gaddafi. A d\u00e9j\u00e0 vu<\/em> for the Belgian government should Russia win, which it certainly might, given the situation on the battlefield. Belgian Prime Minister Bart de Wever is well aware of this and sees the writing on the wall!<\/p>\n
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