“The war in Ukraine is not convincing funds and pension funds to...

“The war in Ukraine is not convincing funds and pension funds to invest more in defence and security,” he said in an interview on Thursday 25 January).

“On the contrary, a Dutch study [by the Fair Money Guide] shows they invest less. This means we must be very, very careful.”

“That is the reason the dual-use approach is a very important criterion that we cannot throw away,” Peeters said, dismissing the politicians’ push for the bank to get involved in funding arms and ammunition and boosting production and end its long-standing policy of sticking to dual-use products only.