Belgium is building a precedent for what is looking like an explicit proxy war between Russia and Europe.
This seems to be mostly about Russian money that’s being held at Euroclear by or in Belgium. Europe wants to loan it to Ukraine, and Russia doesn’t want us to clear it.
Europe loaning Russian money to Ukraine so that Ukraine can buy weapons from Europe to use on Russia would seem like something the Russians wouldn’t like.
This seems to be mostly about Russian money that’s being held at Euroclear by or in Belgium. Europe wants to loan it to Ukraine, and Russia doesn’t want us to clear it.
Europe loaning Russian money to Ukraine so that Ukraine can buy weapons from Europe to use on Russia would seem like something the Russians wouldn’t like.