"People in Brussels on Wednesday voiced concerns about the European Union's plan to use frozen Russian assets to back a proposed $140 billion reparations loan for Ukraine, citing legal, financial and security risks ahead of an expected EU Council discussion. Martin, an Estonian citizen, criticised the proposal, warning of broader financial consequences. "I think the biggest risk is that the international capital will move away from Europe, which would bring about a financial crash in Europe. That's a far bigger risk than anyone is willing to entertain at the moment," he said. Martin also said much of the money would not materially reach Ukraine. "A big chunk of the money will never leave West. It will be used to repay Ukraine's loans," he said, adding that funds would move 'only on paper' and be used to buy weapons from Western countries. Jeffrey, a UK citizen, noted it would be 'completely illegal' to seize even Russian state assets, adding that some assets may belong to Russian individuals 'who didn't do anything wrong'. Belgian citizen Timo pointed to security risks, noting that 'Russia will take actions as well' and called the decision to release the money 'very dangerous' claiming it might bring more escalation. European leaders are expected to discuss the proposal on Thursday, with European Commission President Ursula von der Leyen urging support. Belgium, where many of the assets are held, has raised concerns over legal risks and investor confidence, while Moscow has condemned the move as 'illegal'."