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    On the restoration of Ukraine on account of the confiscated assets of the Russian Federation – Mykhailo Podolyak

    On the restoration of Ukraine on account of the confiscated assets of the Russian Federation – Mykhailo Podolyak

    The unification of the world community is the key to rebuilding Ukraine. In order for this process to be quick and effective, the partner countries should promptly transfer confiscated Russian assets to Ukraine.

    Mykhailo Podolyak, adviser to the head of the President's Office, emotionally and thoughtfully called for this on his Twitter the other day.

    Literally: "Why is there still a strange discussion: what to do with the confiscated Russian 330 billion dollars and the yachts of Putin's oligarchs? Destroyed cities and the blood of Ukrainian children should put an end to this topic: ru-assets should be handed over to the Ukrainian people. Years of refusals. Russia should pay".

    We will remind that the European Union is currently considering the possibility of attracting the assets of the Russian central bank, frozen by the EU countries. We are talking about billions of euros that can be directed to the restoration of Ukraine. It is, in particular, about the use of part of the 300 billion dollars of reserves of the central bank of Russia, which were frozen by the EU, the USA and other allies after the Russian invasion of Ukraine.

    So far, only the discussion of this issue continues. In addition, European legal experts are considering options for implementing this plan. After all, the procedure is quite complicated from a legal point of view.

    At the same time, the executive power of the EU is studying ways to permanently block Putin's access to funds located in the European Union.

    European Commission spokesman Christian Wiegand noted: "The European Commission is "studying how to make Russia pay for the destruction it has caused," and EU leaders have asked it to "present options for using frozen assets to rebuild Ukraine in accordance with EU law and international law."

    Separately, the EU is considering the possibility of seizing the assets of Russians who are under sanctions. Currently, the countries of the European Union have already frozen about 17.5 billion euros.

    As reported in the materials of the Bloomberg agency, this issue was also raised in the United States. However, so far official Washington does not have a clearly defined course as to whether the White House will take measures to seize Russian reserves.

    In September, Prime Minister Denys Shmyhal noted in his official statements that the cost of rebuilding Ukraine's infrastructure is currently estimated at $750 billion. For several months, the Ukrainian government has been calling for the transfer of frozen Russian assets to its accounts as compensation for the reconstruction of the war-torn country. Recently, the head of the Ukrainian government raised this issue again and noted that the key source of rebuilding Ukraine should be the confiscated assets of Russia and Russian oligarchs.

    In parallel with the Ukrainian government officials, representatives of the World Congress of Ukrainians appealed to the governments of the world and called not only to freeze Russian assets, but also to develop and approve legislative grounds that would allow their immediate confiscation.

    Pavlo Groda, President of the World Congress of Ukrainians: "We called and continue to call on world governments not only to freeze Russian assets, but also to create a legislative framework that would allow for the immediate confiscation of these Russian assets."

    Canada is the only country that has passed legislation allowing the freezing of assets owned by Russians. This is a set of measures, including a two-year ban on the purchase of housing, as well as the right to confiscate and sell the assets of Russians. After all, everyone who financed and continues to finance and support the military machine of the Russian Federation is its accomplice.

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