Where to Get the Money? The EU Discusses the Main Problem of Financing Ukraine 0 8

The European Union (EU) has no alternative plan for financing Ukraine if Belgium does not agree to use frozen Russian assets for this purpose. This was stated by the Greek Minister of Economy and Finance, Kyriakos Pierrakakis, in an interview with Bloomberg TV.

"We are currently discussing another plan, so we have not reached that point yet (...). Our solution must be legally sound. We hope it will be implemented more at the European level than at the national level, particularly regarding the mutual distribution of debt on assets," the minister said.

Thus, Pierrakakis responded to questions about what actions the European Union would take if Belgium does not agree to seize the assets and whether there is a backup plan for the community in that case. He added that the member countries of the union must make an effort and "convince Brussels by providing the necessary guarantees."

Earlier, the Dutch Finance Minister, Elko Heinen, stated that the European Union should heed Belgium's concerns regarding the use of frozen Russian assets.