Zelensky to EU: We need fast mechanism for directing Russian assets to compensate for war-related losses

He said this in a virtual speech at the International Expert Conference on the Recovery, Reconstruction and Modernization of Ukraine in Berlin on Tuesday, October 25.

“We must decide on the specifics of how the mechanism of compensation by the aggressor state for all losses caused by this war will work. Russian assets – those that have already been frozen, and those that still need to be frozen, are significant,” Zelensky said.

He said that a significant part of these assets is in the jurisdictions of European countries.

“We need a real, fast, legal mechanism for directing Russian assets to compensate for the losses caused by the Russian war,” Zelensky said.

Former U.S. Ambassador to Ukraine William Taylor, vice president at the United States Institute of Peace, said that Russia must answer for the war crimes and destruction that its troops have caused to Ukraine and pay from $750 billion to $1 trillion for Ukraine’s recovery.

Мандрик Павло

Recent Posts

Welcome, Mr. Donald. You are President once again

Orest Biloskursky, the head of the Kyiv24 Applied Research Think Tank, offers an exclusive analysis…

6 months ago

Ukrainian Forces Down Russian Su-25 Attack Aircraft in Donetsk Region

Ukrainian National Guard fighters have destroyed a Russian Su-25 attack aircraft, which was on a…

11 months ago

EU Opens Membership Talks with Ukraine

On Tuesday, June 25, a conference in Luxembourg marked the beginning of negotiations on Ukraine's…

11 months ago

International Court Issues Arrest Warrants for Chief of General Staff and Former Russian Defense Minister

The Pre-Trial Chamber II of the International Criminal Court (ICC) has issued arrest warrants for…

11 months ago

Missile Strike Causes Warehouse Fire in Odesa

A warehouse is burning in Odesa following a missile strike. There are injured individuals, but…

11 months ago

Ukrainian Armed Forces Strike Refineries, Depots, and Radar Stations in Russia

In recent days, the Ukrainian Defense Forces have successfully carried out a series of strikes…

11 months ago