The reparations loan using frozen Russian assets is a necessity that ensures Russia pays for its destruction while providing Ukraine the 90 billion euros needed to survive. Keeping these funds from Moscow strengthens Ukraine's negotiating position and sends a clear message that illegal aggression comes with consequences.
Using frozen Russian assets as collateral for a Ukraine loan is reckless and legally indefensible. Belgium would face bankruptcy if Russia wins inevitable litigation over the €200 billion, an amount equal to its entire federal budget. The scheme undermines Europe's financial credibility and removes any incentive for Putin to negotiate peace.
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