{"id":11233,"date":"2026-05-27T09:00:00","date_gmt":"2026-05-27T07:00:00","guid":{"rendered":"https:\/\/bankinglaw.be\/?p=11233"},"modified":"2026-10-24T21:55:12","modified_gmt":"2026-10-24T19:55:12","slug":"frozen-assets-treasury-derogations-belgium","status":"publish","type":"post","link":"https:\/\/bankinglaw.be\/en\/frozen-assets-treasury-derogations-belgium\/","title":{"rendered":"Frozen assets: what the Belgian Treasury can authorise (rent, legal fees, taxes)"},"content":{"rendered":"<p>Being on the EU sanctions list against Russia does not make the bills disappear. Rent, taxes and lawyers still have to be paid. A freeze is not a confiscation: the Regulation provides for derogations, which the national authority may grant case by case. In Belgium, the Treasury decides.<\/p>\n<div class=\"guide-bref\">\n<h2>Key points<\/h2>\n<ul>\n<li>Frozen funds stay frozen. A derogation authorises a specific payment, to a specific beneficiary, on a ground provided for in the Regulation.<\/li>\n<li>The grounds are limited: basic needs, legal fees, holding and maintenance costs, extraordinary expenses, and decisions and contracts that predate the listing.<\/li>\n<li>The authorisation must come before the payment. Without it, the bank must refuse.<\/li>\n<li>In Belgium, requests go to the General Administration of the Treasury of the FPS Finance.<\/li>\n<\/ul>\n<\/div>\n<h2>Who decides in Belgium?<\/h2>\n<p>Regulation (EU) No 269\/2014, which governs the asset freeze linked to the war in Ukraine, entrusts derogations to the competent authorities of the Member States. In Belgium, this is the General Administration of the Treasury of the FPS Finance, Avenue des Arts 30, 1040 Brussels, reachable at quesfinvragen.tf@minfin.fed.be.<\/p>\n<p>In practice, the request goes to the authority of the Member State where the funds are frozen. Assets frozen at a Belgian bank therefore fall under the Belgian Treasury, even if their owner lives elsewhere.<\/p>\n<h2>Basic needs and legal fees<\/h2>\n<p>Article 4 of the Regulation allows funds to be released for:<\/p>\n<ul>\n<li>the <strong>basic needs<\/strong> of the listed person and dependent family members: food, rent or mortgage, medicines and medical treatment, taxes, insurance premiums and public utility charges;<\/li>\n<li><strong>reasonable professional fees<\/strong> and reimbursement of expenses for legal services;<\/li>\n<li><strong>routine holding or maintenance fees<\/strong> for the frozen assets, such as custody fees charged by a bank;<\/li>\n<li><strong>extraordinary expenses<\/strong>. In that case, the Treasury must first notify the grounds to the other Member States and the Commission, at least two weeks before granting the authorisation.<\/li>\n<\/ul>\n<p>The word &#8220;reasonable&#8221; matters. A precise engagement letter, with a rate and a budget, is more easily accepted than a global retainer.<\/p>\n<h2>Decisions and contracts predating the listing<\/h2>\n<p>Two further derogations concern the past.<\/p>\n<p><strong>Article 5<\/strong> allows certain arbitral, judicial or administrative decisions to be enforced, for example to pay a creditor. The conditions are strict: the funds are used exclusively to satisfy the claim, the decision does not benefit a listed person, and its recognition is not contrary to public policy. An arbitral award must have been rendered before the listing.<\/p>\n<p><strong>Article 6<\/strong> allows the listed person to pay what is due under a contract concluded, or an obligation that arose, before the listing. The payment may not be made available, directly or indirectly, to a listed person.<\/p>\n<p>The Regulation contains further, more targeted derogations: divestment from a listed entity, humanitarian operations, safety, agricultural and food products. Several came with deadlines that have now passed. Always check the consolidated version in force.<\/p>\n<h2>An authorisation is not an unfreezing<\/h2>\n<p>An authorisation does not release the account. It allows a specific payment, on the conditions set by the Treasury. Everything else remains frozen.<\/p>\n<p>Amounts arriving on a frozen account, such as interest or a payment due under an earlier contract, may be credited to it. They are frozen in turn, and the bank informs the Treasury without delay (Article 7).<\/p>\n<p>Finally, the authorisation must precede the payment. The Council&#8217;s best practices state that it is given in writing, before the funds are used or made available. They add that a listed person cannot rely on the freeze to justify a payment default if no authorisation was requested.<\/p>\n<h2>Joint accounts<\/h2>\n<p>When an account is held by a listed person and a person who is not listed, the whole account is in principle frozen. The non-listed co-holder is not without remedy: under the Council&#8217;s best practices, they may request an authorisation, where appropriate by ending the joint ownership so that their share can be released. They will have to prove, with documents, what belongs to them.<\/p>\n<h2>How to file the request<\/h2>\n<p>A few common-sense rules increase the chance of a prompt answer:<\/p>\n<ul>\n<li>cite the exact legal basis (article and point of the Regulation);<\/li>\n<li>state the amount, the beneficiary, their account and, for a recurring payment, its frequency;<\/li>\n<li>attach the documents: lease, tax assessment, invoice, engagement letter, earlier contract, court decision;<\/li>\n<li>identify the bank holding the funds, since it will execute the payment;<\/li>\n<li>group what can be grouped, rather than filing a new request for every invoice.<\/li>\n<\/ul>\n<p>In practice, processing times remain long and applicants need patience.<\/p>\n<p>A refusal by the Treasury is an administrative decision. It can be challenged before the Council of State, which has already <a href=\"https:\/\/bankinglaw.be\/en\/belgian-council-of-state-annuls-a-treasury-refusal-to-release-assets-held-with-euroclear\/\">annulled a refusal to release assets<\/a>.<\/p>\n<p>A well-documented request also protects the bank. It executes the payment on the basis of a written authorisation, within clear limits.<\/p>\n<p><em>Situation at 27 May 2026. This article is for general information only and does not constitute legal advice.<\/em><\/p>\n<p><!-- SM --><\/p>\n<div class=\"maillage-sm\">\n<h3>On the same topic<\/h3>\n<ul>\n<li><a href=\"https:\/\/bankinglaw.be\/en\/belgian-council-of-state-annuls-a-treasury-refusal-to-release-assets-held-with-euroclear\/\">Council of State annuls a Treasury refusal to release assets<\/a><\/li>\n<li><a href=\"https:\/\/bankinglaw.be\/en\/asset-freeze-50-percent-rule-control\/\">Asset freeze: the 50% rule and control<\/a><\/li>\n<li><a href=\"https:\/\/bankinglaw.be\/en\/eu-sanctions-delisting-success-rate\/\">How many delisting actions succeed?<\/a><\/li>\n<li><a href=\"https:\/\/bankinglaw.be\/en\/challenging-eu-sanctions-listing-delisting-banks\/\">Challenging an EU sanctions listing<\/a><\/li>\n<\/ul>\n<\/div>\n<p><!-- \/SM --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Being on the EU sanctions list against Russia does not make the bills disappear. Rent, taxes and lawyers still have to be paid. A freeze is not a confiscation: the Regulation provides for derogations, which the national authority may grant case by case. In Belgium, the Treasury decides. Key points Frozen funds stay frozen. A&#8230; <a class=\"more-link\" href=\"https:\/\/bankinglaw.be\/en\/frozen-assets-treasury-derogations-belgium\/#more-11233\">Continue Reading &rarr;<\/a><\/p>\n","protected":false},"author":185562167,"featured_media":11194,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","advanced_seo_description":"Sanctioned person or frozen assets in Belgium? Basic needs, legal fees, earlier contracts: the derogations available and how to request them from the Treasury.","jetpack_seo_html_title":"Frozen assets in Belgium: Treasury derogations","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[11430987],"tags":[],"class_list":["post-11233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-sanctions","clear","fallback-thumbnail"],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbYDZD-2Vb","jetpack-related-posts":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/bankinglaw.be\/wp-content\/uploads\/2026\/10\/avoirs-geles-derogations-tresorerie.jpg?fit=1200%2C630&ssl=1","_links":{"self":[{"href":"https:\/\/bankinglaw.be\/en\/wp-json\/wp\/v2\/posts\/11233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bankinglaw.be\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bankinglaw.be\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bankinglaw.be\/en\/wp-json\/wp\/v2\/users\/185562167"}],"replies":[{"embeddable":true,"href":"https:\/\/bankinglaw.be\/en\/wp-json\/wp\/v2\/comments?post=11233"}],"version-history":[{"count":3,"href":"https:\/\/bankinglaw.be\/en\/wp-json\/wp\/v2\/posts\/11233\/revisions"}],"predecessor-version":[{"id":11274,"href":"https:\/\/bankinglaw.be\/en\/wp-json\/wp\/v2\/posts\/11233\/revisions\/11274"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bankinglaw.be\/en\/wp-json\/wp\/v2\/media\/11194"}],"wp:attachment":[{"href":"https:\/\/bankinglaw.be\/en\/wp-json\/wp\/v2\/media?parent=11233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bankinglaw.be\/en\/wp-json\/wp\/v2\/categories?post=11233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bankinglaw.be\/en\/wp-json\/wp\/v2\/tags?post=11233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}