Most Russian assets held in Europe are in Belgium because it is home to the Euroclear securities depository. Most EU leaders would be glad to employ the Russian assets to ease the burden of supporting Ukraine from their own national budgets. Russia said that the idea of using its frozen assets to provide loans for Ukraine was "delusional". The Commission's plan boils down to front-loading theoretical future Russian reparations to Ukraine, using the immobilised central bank cash. The numbers could not be immediately verified and their total exceeds the widely quoted total of roughly $300 billion frozen globally.