Confiscating Moscow’s assets runs unpredictable legal and financial risks, according to Belgium’s finance minister Belgium does not support the seizure of Russian assets that have been frozen by the EU as part of Ukraine-related sanctions, the country’s Finance Minister Vincent Van Peteghem said on Friday, highlighting the mounting risks related to the move. The West froze nearly $300 billion in assets belonging to the Central Bank of Russia following the launch of Moscow’s military campaign against Ukraine in February 2022, a move denounced by Moscow as “theft.” Around $280 billion of this sum is held in the EU,
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