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Belgium balks at EU plan to seize Russian assets, citing fear of Kremlin retaliation

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German Chancellor Friedrich Merz and European Commission President Ursula von der Leyen are in talks with a reluctant Belgium over what to do with billions of dollars in frozen Russian assets held in the country.
According to the Belgian government, at least €197 billion (approximately $224 billion) of sanctioned Russian assets are held in Euroclear, a Brussels-based financial institution. The European Commission wants to seize these assets and transfer them to Ukraine as part of a €165 billion financial package for Ukraine (approximately $190) to help pay its bills and fund the war effort.
Prime Minister Bart De Wever is concerned that taking Russia’s assets could be interpreted as an act of war by Russia and provoke Russian President Vladimir Putin to retaliate against Belgium.
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Dmitry Medvedev, the deputy head of the country’s Security Council, even threatened Brussels and its European allies in an inflammatory post on X.
Belgium’s Prime Minister Bart de Wever arrives for a meeting with European Commission President at the EU headquarters in Brussels on Nov. 14, 2025. (Nicolas Tucat/AFP via Getty Image)
«If the crazy EU does steal frozen Russian assets for a «reparations loan,» we may view it as a casus belli with all the relevant implications for Brussels & Co.,» the former Russian president said.
EU leaders are up against a tight clock, as Ukraine is projected to run out of funds for the war in April and EU leaders will convene on Dec.18 to make a final decision on how to support Ukraine’s budgetary needs for the next two years.
Key European leaders have traveled back-and-forth to Belgium to convince the government to sign on to the reparation proposal. The plan has widespread support within the European Union, but Belgium’s prime minister has so far stood in the way.

Russia’s Deputy head of the Security Council, Dmitry Medvedev, takes part in a wreath laying ceremony marking Defender of the Fatherland Day at the Tomb of the Unknown Soldier by the Kremlin Wall in Moscow, Russia, Feb. 23, 2024. (Yekaterina Shtukina/Sputnik/Pool via Reuters.)
«Belgium’s particular situation regarding the use of the frozen Russian assets is undeniable and must be addressed in such a way that all European states bear the same risk. We agreed to continue our discussions with the aim of reaching a consensus at the European Council meeting on December 18,» von der Leyen posted on X after meeting with Merz and De Wever.
Merz said after the meeting that Belgium’s concerns were legitimate and must be heard.
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«What we decide now will determine Europe’s future: Belgium’s particular vulnerability in the issue of utilizing the frozen Russian assets is indisputable and must be addressed in such a way that all European states bear the same risk,» Merz said on X.

France’s President Emmanuel Macron (L), Germany’s Chancellor Friedrich Merz and Britain’s Prime Minister Keir Starmer pose as they meet on the sidelines of the two-day NATO’s Heads of State and Government summit in The Hague on June 24, 2025. (Ludovic Marin/Pool/AFP via Getty Images)
Robert Kremzner, an associate analyst with the New Lines Institute and an expert in Russian gray zone warfare, said Russia has a number of ways it can target Belgium that fall below the threshold of open hostilities.
«Russia has been very active in using something called gray zone warfare, which sees Russia undertaking hostile actions against other nations that are below the threshold of war, and thus not that easy to respond to,» Kremzner told Fox News Digital.
He said some examples include information warfare, cyberattacks, election interference, GPS spoofing, cutting undersea cables, and increasingly arson attacks and assassinations.
The Belgian government, along with Euroclear, are looking for financial guarantees from fellow EU member states before committing to supporting the plan. De Wever fears that Belgium will ultimately be held responsible and be forced to pay back the assets that are seized in the event a sanctions deal is negotiated with Russia as a way to end the war in Ukraine.
The European Commission said it put in place safeguards to protect Member States and financial institutions from possible retaliatory measures from Russia.
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Ukrainian servicemen of the 44th artillery brigade fire a 2s22 Bohdana self-propelled howitzer towards Russian positions at the frontline in the Zaporizhzhia region, Ukraine, Wednesday, Aug. 20, 2025. (Danylo Antoniuk/AP Photo)
If Belgium remains recalcitrant, von der Leyen could resort to the EU’s Article 122 emergency powers, which would allow the commission to move forward with the proposal on a majority-rule basis.
Fox News Digital reached out to the Belgian government and Euroclear but did not hear back before publication.
russia,ukraine,europe,conflicts,the european union,germany
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«La calle ardía de protestas y se escuchaban disparos», el enviado de Clarín en Irán hace 47 años en la caída del Sha
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Pope Leo picks new Vatican ambassador to US as Trump tensions mount over policies

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People Leo XIV on Saturday announced the appointment of the Vatican’s new ambassador, Apostolic Nuncio, to the U.S. to help manage strained relations with the Trump administration.
Italian Archbishop Gabriele Caccia, 68, a veteran Vatican diplomat who is currently ambassador to the United Nations, previously served as ambassador to the Philippines and Lebanon.
Caccia is replacing 80-year-old Cardinal Christophe Pierre, who is retiring.
«I receive this mission with both joy and a sense of trepidation,» Caccia said after the appointment, according to the Vatican News. He added that his mission was «at the service of communion and peace,» remembering that 2026 marks the 250th anniversary of the U.S.
People Leo XIV on Saturday announced the appointment of the Vatican’s new ambassador, Apostolic Nuncio, to the U.S. to help manage strained relations with the Trump administration. (Christopher Furlong/Getty Images; Anna Moneymaker/Getty Images)
The pope and President Donald Trump have been at odds over key issues for the White House, including immigration and the war in Iran.
Pierre’s ambassadorship was also at times at odds with the more conservative U.S. Conference of Catholic Bishops while representing Pope Francis’ more progressive priorities.
«Stability and peace are not built with mutual threats, nor with weapons, which sow destruction, pain, and death, but only through a reasonable, authentic, and responsible dialogue,» the American-born pope said on Sunday after the U.S. and Israel launched coordinated strikes on Iran, according to the outlet Chicago Catholic.
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«Faced with the possibility of a tragedy of enormous proportions, I address to the parties involved a heartfelt appeal to assume the moral responsibility to stop the spiral of violence before it becomes an irreparable abyss,» he added.
In early January, Leo also delivered a major policy speech, mostly in English, that came on the heels of the U.S. military action in Venezuela.

Archbishop Gabriele Caccia has been appointed by the pope as the new Vatican ambassador to the U.S. (Lev Radin/Pacific Press/LightRocket via Getty Images)
«War is back in vogue and a zeal for war is spreading,» the pope warned in the speech.
Trump called it a «great honor for our country» when Leo was elected pope last May after Pope Francis’ death, and when asked about Leo’s remarks earlier this year seemingly pressing him on policy, Trump told Politico he hadn’t seen the statements from the pontiff, but «I’m sure he’s a lovely man.»
He also said that he had met with the pope’s brother, who he called «serious MAGA.»
Last fall, the pope suggested that supporting the «inhuman treatment of immigrants in the United States» is not «pro-life,» leaving White House press secretary Karoline Leavitt to «reject there was inhumane treatment of illegal immigrants in the United States under this administration.»

The pope and the Trump administration have been at odds over immigration and U.S. military actions. (Rocco Spaziani/Archivio Rocco Spaziani/Mondadori Portfolio via Getty Images)
Leavitt, who is Catholic, added that the administration always tries to be as humane as possible while enforcing laws.
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Archbishop Paul S. Coakley, current president of the U.S. conference, said after Caccia’s appointment: «On behalf of my brother bishops, I wish to extend our warmest welcome and our prayerful support to him as he carries out his responsibilities across the United States.»
Trump won 59% of the Catholic vote in the 2024 election, according to Politico.
The Associated Press contributed to this report.
pope leo xiv,donald trump,world,roman catholic,geopolitics
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Noem thanks Trump for new Shield of the Americas special envoy role after DHS ouster

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During the Shield of the Americas summit in Florida on Saturday, outgoing Department of Homeland Security (DHS) Secretary Kristi Noem thanked President Donald Trump for appointing her to a newly created role after she was ousted from overseeing the agency.
Noem, who is moving to the newly created position of special envoy for the Shield of the Americas, showed no ill feelings toward the president and said she was proud of her work at DHS, arguing the department had secured the border and eliminated public safety threats.
«I do want to thank the president for creating this and for giving me the honor and the opportunity to serve as a special envoy to this region, to the Western Hemisphere,» Noem said during the summit at Trump National Doral outside Miami.
«This Shield of the Americas will be a powerful example to the rest of the world about what’s possible.»
Homeland Security Secretary Kristi Noem delivers remarks during a working lunch at the Shield of the Americas summit, Saturday, at Trump National Doral near Miami. (Rebecca Blackwell / Pool / AFP via Getty Images)
Trump announced this week that Noem would shift into the new role after cutting short her tenure at DHS.
Noem was removed as the nation’s immigration chief after a turbulent stretch marked by internal clashes and two contentious congressional hearings where even some Republicans pressed her over leadership missteps, including the ad campaign, which she claimed the president had signed off on.
Noem framed the initiative as an effort to expand border security cooperation beyond the United States.
«The way that we cooperate on our shared ideals of freedom and of democracy and safety and security will be a shining light to all of those who wish to be more like all of us,» she said.
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Trump removed Noem as the nation’s DHS chief this week after a turbulent stretch. (Julia Demaree Nikhinson/AP Photo)
Noem, who previously served in Congress and as South Dakota governor before leading DHS, defended her record overseeing immigration enforcement during the past year.
«In the last year, as secretary of Homeland Security, we have focused on securing our border,» she said. «We have transformed our country from one that was being invaded by enemies, millions of them that were coming in unvetted, that we didn’t know who was there and who wished to harm us.»
«We’ve secured that border,» she continued. «We’ve focused on removing public safety threats, and over 3 million people have been deported or removed from our country in the last year.»
Noem argued that stronger border enforcement has allowed the administration to pivot toward economic and diplomatic engagement with neighboring nations.

DHS Secretary Kristi Noem testifies before the Senate Judiciary Committee on Capitol Hill. (Graeme Sloan/Getty Images)
«Secure borders has changed everything for our country,» she said. «Now that America is secure and our borders are secure, we want to focus on our neighbors and to help our neighbors with their borders and challenges that they have so that they may have the security that we enjoy.»
Trump announced on Truth Social that Sen. Markwayne Mullin, R-Okla., will replace her effective March 31, while Noem shifts to the newly created envoy role.
Members of Trump’s Cabinet, including Secretary of State Marco Rubio, Secretary of War Pete Hegseth, Secretary of Commerce Howard Lutnick and United States Trade Representative Jamieson Greer attended Saturday’s summit.
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Leaders from other nations included Argentina’s Javier Milei, El Salvador’s Nayib Bukele Ortez, Bolivia’s Rodrigo Paz Pereira, Costa Rica’s Rodrigo Chaves Robles, Panama’s José Raúl Mulino Quintero, and Trinidad and Tobago’s Kamla Persad-Bissessar, Chile’s Jose Antonio Kast, the Dominican Republic’s Luis Rodolfo Abinader Corona, Ecuador’s Daniel Roy Gilchrist Noboa Azín, Guyana’s Mohamed Irfaan Ali, Honduras’ Nasry «Tito» Asfura and Paraguay’s Santiago Peña.
Notably missing were the leaders of Venezuela, Delcy Rodríguez, and Mexico, Claudia Sheinbaum Pardo.
Fox News Digital’s Alec Schemmel contributed to this report.
kristi noem,donald trump,homeland security,politics,americas
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