Time to move from freezing to confiscating Russian assets - Foreign Minister
Ukrainian Minister of Foreign Affairs, Andrii Sybiha (Photo: RBC-Ukraine, Vitalii Nosach)
Ukraine's Foreign Minister, Andrii Sybiha, on X, has urged international partners to take a step toward confiscating Russian assets. The funds should be directed toward supporting Ukraine.
The Foreign Minister called for moving from freezing to confiscating Russian assets. He believes that not only the profits but the assets themselves should be used to support Ukraine's defense, resilience, and recovery.
"It is fair and legitimate to make the aggressor compensate for the damages and harm," Sybiha added.
Loans secured byfFrozen Russian assets
Previously, G7 countries agreed to lend Ukraine money secured by profits from the frozen assets of Russia's central bank.
In September, European Commission President Ursula von der Leyen, during an official visit to Kyiv, announced a €35 billion loan as part of the G7 commitments.
Recently, Ukrainian Prime Minister Denys Shmyhal announced the allocation of $50 billion to Ukraine, secured by frozen Russian assets.
According to President Volodymyr Zelenskyy, the EU will direct approximately €1 billion from the profits of frozen Russian assets toward the production of Ukrainian weapons.
