Belgium is home to the headquarters of NATO and the European Union and hosts a major financial clearinghouse that holds tens of billions of euros in frozen Russian assets.
November 05, 2025
high
political-economic
Explains Belgium's strategic political and financial significance within Europe.
Belgium is a member of the U.S.-led NATO military alliance.
November 03, 2025
high
contextual
Country membership in an international defense alliance
Euroclear, a financial institution based in Belgium, holds a substantial portion of frozen Russian government assets.
January 01, 2022
high
temporal
Euroclear acts as a custodian/settlement system and is the location of a large share of immobilized Russian deposits.