Ukraine has a clear plan on how to obtain €300 billion of Russian assets

This was reported by Prime Minister Denys Shmyhal.

“In partner countries, around €300 billion of Russian sovereign assets are frozen. Our goal and position are unequivocal – access to all these assets”, stated Shmyhal.

He mentioned that Ukraine is strengthening its legal position and preparing necessary legal mechanisms to confiscate these funds.

“We have a clear plan of action and initial results”, emphasized the Prime Minister. Shmyhal also noted that Ukraine, in collaboration with the World Bank, has conducted calculations indicating that the country’s reconstruction will cost at least $486 billion.

“The assets of the aggressor country should become the main source of recovery”, stated Shmyhal. He stressed, “Russia must pay, and Russia will pay!”

Recall that recently the Council of the European Union adopted a decision that will facilitate transferring profits from holding frozen assets of the Central Bank of Russia in the future to Ukraine’s benefit. In turn, the United Kingdom has announced its readiness to lend Ukraine all frozen assets of the Russian Central Bank. This will serve as a guarantee that the Russian Federation will pay all reparations after the end of the war.

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