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Core Viewpoint - The core of the controversy revolves around balancing the use of frozen Russian assets and legal risks, which has become a focal point in EU negotiations [1]. Group 1: Belgium's Proposal - Belgium has proposed a financial guarantee exceeding €140 billion to the EU, ensuring that funds are available within days if a court ruling is unfavorable, and that the guarantee remains valid beyond the EU's sanctions period against Russia [1]. - The proposal aims to have EU member states collectively bear potential legal compensation costs, which Belgium views as necessary due to its role as the custodian of Russian assets [3]. Group 2: Opposition from EU Member States - Most EU countries have explicitly rejected Belgium's demand for an "unlimited and indefinite" guarantee, expressing concerns over unpredictable financial risks that could undermine fiscal stability among member states [3]. - Member states argue that Belgium's request effectively shifts its own risks onto the entire EU, which they find excessively burdensome from both legal and financial perspectives [3]. Group 3: Current Negotiation Stalemate - Negotiations have reached a deadlock, and if a compromise on the "compensatory loan mechanism" cannot be achieved, the EU may consider issuing new debt to cover Ukraine's budget deficit, a move that is also unpopular among multiple governments [4]. - The dispute has sparked broader discussions about the principles of using Russian assets, with concerns that seizing or reallocating foreign sovereign assets could pose risks to the global financial system, as the predictability and inviolability of sovereign funds are crucial for financial stability [4].