2025-12-05 02:27:27

Belgium's Prime Minister raised concerns in Parliament about the EU's push to confiscate frozen Russian assets, highlighting legal and financial risks that could backfire.

The PM outlined specific dangers of the proposal, particularly noting that Euroclear — the Brussels-based settlement system holding these assets — could face massive liability exposure. If the conflict ends with obligations to return funds, the institution would bear repayment responsibility.

While reaffirming Belgium's support for Ukraine, the statement emphasized practical limitations: "We stand loyally with Ukraine... but we cannot be asked to do the impossible."

This cautious stance reflects growing debate within Europe about the long-term consequences of unprecedented asset seizures. Financial institutions worry about setting precedents that could undermine the international settlement system's neutrality and stability.

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APY追逐者

· 12-05 02:57

Simply put, they're just afraid that Euroclear will suffer a backlash. This move was poorly played.

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SundayDegen

· 12-05 02:55

The Belgian Prime Minister is still playing the old game of "we strongly support, but can't do anything about it"... To put it plainly, they're just afraid of taking risks. Europe's move here is pretty lousy. Freezing assets is easy, but returning them later is the real headache. If Euroclear really takes the fall for this, the credibility of the international clearing system will be completely ruined... Who can afford those consequences? Anyone in their position would try to be clever—after all, there's no rush with Ukraine's issue; better to protect their own bottom line first. The legal risks here are definitely a trap. Any move could shake up the global financial order, and no one wants to be the unlucky one. It's the usual game between moral coercion and real-world risk... A classic act from European politicians. No matter how nicely they put it, one fact remains: nobody wants to take responsibility for this decision.

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SmartContractPlumber

· 12-05 02:55

The Belgian Prime Minister played this move brilliantly, hitting right at the core issue. If Euroclear ends up taking the blame, the risk exposure would be like an integer overflow in some poorly written contracts—once triggered, it becomes a systemic disaster. Freezing assets is one thing, but outright confiscation? That would be an exploit chain undermining the neutrality of the settlement system, with endless negative consequences.

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gas_fee_therapist

· 12-05 02:54

Belgium is slacking off, using Ukraine as a scapegoat.

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MetaverseHermit

· 12-05 02:51

To put it bluntly, they chickened out... But on the other hand, it would be pretty tough for Euroclear to really take the fall for this. Would they even have to pay compensation?

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BtcDailyResearcher

· 12-05 02:47

Haha, the Belgian Prime Minister's move is brilliant. To put it bluntly, he just doesn't want to take the blame. --- Same old rhetoric... If you support Ukraine but can't actually do something, then don't force it. --- The pressure on Euroclear this time must be huge; they're stuck in the middle and feeling the worst of it. --- What he said makes perfect sense. If you keep changing the rules and undermining the foundation, the system will eventually collapse. --- This is just the gap between reality and ideals; it's always like this. --- Basically, it comes down to one question: Who will take the fall? --- If you don't want to crash, then don't touch it. There's nothing wrong with that logic. --- There's so much internal division in Europe... Feels like they're going to argue for a while. --- If not set up properly, it really will become chaotic. In the financial system, trust is the most valuable thing. --- Belgium is really being rational this time, thinking things through more thoroughly than some other countries.

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BearMarketSurvivor

· 12-05 02:31

It's stuck, can someone help me explain how Euroclear's move has become a "mission impossible"? Why does it feel like even Europe itself is panicking... They want to support Ukraine but don't want to take the blame—talk about walking a tightrope. They're really afraid of the legal risks... if things backfire, who's going to take responsibility? Freezing assets was already playing with fire, and now they want to use them as a weapon—this logic is just wild.

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