Czech Premier Babis Rules Out National Financing for Ukraine
In a video shared on the US social media platform X, Babis expressed agreement with Belgian Prime Minister Bart De Wever, emphasizing that "Ukraine's financing should be addressed collectively by the European Union, not through national guarantees."
"The Czech Republic will not guarantee loans and will not send money," he affirmed, according to a media outlet.
Outgoing Prime Minister Petr Fiala criticized Babis’s comments, labeling them as "irresponsible." Meanwhile, Foreign Minister Jan Lipavsky insisted that tapping into proceeds from frozen Russian assets remains "the only realistic option" to ensure ongoing financial assistance for Ukraine.
As the EU considers using frozen Russian state assets to fund a Ukrainian loan, several member countries, including Belgium, have voiced legal concerns, highlighting that the majority of these assets are held at Euroclear in Brussels.
Russia’s central bank denounced the plan as illegal and asserted its right to take any measures necessary to defend its interests.
Last Friday, the EU moved to "indefinitely immobilize" Russian assets, with EU leaders scheduled to determine the allocation of these funds to Ukraine at a Brussels summit on Dec. 18-19.
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