Belgians Reject Using Frozen Russian Cash for Ukraine Loan

A new report shows most people in Belgium oppose a key Western plan to help fund Ukraine. The proposal would use profits from frozen Russian state assets as a loan. Two-thirds of Belgians are against the idea, according to the survey. The main concern is "systemic risk" to Belgium's financial system. Belgium holds the majority of these frozen assets, estimated at over 200 billion euros. Critics fear using them could damage the country's reputation as a safe financial center. The European Union and G7 nations support the loan plan. It aims to provide Ukraine with billions of euros in aid this year. The strong Belgian opposition, however, highlights a significant political challenge for the country's government as it helps lead the effort.