At this week’s NATO foreign ministers meeting in Brussels, attention turned sharply to whether the EU can unlock frozen Russian assets, an issue that Reuters commentator Hugo Dixon said could determine the outcome of the war. Dixon told TVP World that while the latest €4 billion pledged under NATO’s Prioritized Ukraine Requirements List is welcome, it is nowhere near the scale Kyiv needs. “It’s not the big bazooka we’re looking for,” he said, arguing that only mobilizing the roughly €210 billion in frozen Russian state assets can provide Ukraine with meaningful, long-term security. That path, however, has run into firm resistance from Belgium, where a large portion of the assets are held, notably via the securities depository Euroclear. Despite a fresh legal proposal from the European Commission aiming to address Belgian concerns, Brussels has yet to give its approval. Dixon noted that EU lawyers disagree on whether unanimity is even required, but said that political decisions must come before legal battles. “Ukraine is running out of cash… This is the make-or-break moment,” he warned.