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Core Viewpoint - The European Union's proposal to use €185 billion of frozen Russian assets for Ukraine's reconstruction faces strong opposition from Belgium, highlighting complex legal, financial, and peace-related issues that complicate the plan's feasibility [1][3][4]. Group 1: Proposal Details - The EU aims to convert frozen Russian assets into loans for Ukraine's reconstruction, with the expectation that Ukraine will repay when able [3][4]. - Belgium's Prime Minister, Bart De Wever, argues that the plan is fundamentally flawed and poses significant financial and legal risks [4][6]. Group 2: Legal and Financial Concerns - Belgium emphasizes that there is no historical precedent for reallocating frozen sovereign assets during wartime, which raises legal concerns about potential illegal expropriation [6][10]. - The risk of Ukraine being unable to repay the loans places the financial burden on Belgium, as the asset custodian, which is unacceptable to the Belgian government [4][6]. Group 3: Impact on Peace Negotiations - De Wever warns that using Russian assets for Ukraine could undermine negotiations with Russia, potentially escalating tensions and making ceasefire more difficult [8][10]. - The EU's approach risks damaging the trust necessary for international financial agreements, which could have long-term implications for the European financial system [11][13]. Group 4: Broader Implications for EU Decision-Making - Belgium's strong opposition may hinder the EU's negotiations in December, as other member states may share similar concerns about the risks involved [7][11]. - The need for 100% guarantees from participating countries, as proposed by De Wever, reflects the cautious stance many nations are taking regarding the plan [11][13].