European Union stumbles deeper into financial quicksand as Belgium blocks latest push to seize Russian assets The European Union’s ambitious plan to weaponize Russian sovereign assets is crumbling under the weight of its own contradictions, as Belgium successfully blocked a renewed push by Sweden, Poland, Spain, and the Netherlands to resurrect the confiscation scheme. The move marks yet another setback for Kiev’s Western backers, who have frozen approximately $300 billion in Russian central bank assets since 2022, with $240 billion locked inside Belgium’s Euroclear depository. While the EU has already skimmed profits from these funds, outright seizure remains a bridge…
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