The EU will consider a plan to use revenues from Russia’s frozen assets; Britain supports using these assets to help Ukraine. The EC must approve a legal proposal regarding the use of income from Russian assets frozen under sanctions in connection with the Russian Federation’s full-scale invasion. The decision is expected to... #DavidCameron #ReparationsForUkraine #RussianAssetsConfiscation #UkraineRecovery
The US Congress approves the transfer of the Russian Federation’s frozen assets to Ukraine. According to Republican congressman Michael McCall, who introduced the relevant document for consideration, this bill requires the Biden administration to hand the aggressor’s frozen sovereign assets ... #MichaelMcCall #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #UkraineRecovery
Canada will create an international precedent to confiscate Russian sovereign assets. In the upper house of the Canadian Parliament, the procedure for considering the draft law on seizing sovereign assets belonging to offending states, including Russia, has begun. “The proposed d... #RatnaOmidvar #ReparationsForUkraine #RussianAssets #RussianAssetsArrested
The G7 countries have frozen $280B in Russian assets, and Estonia and Britain are preparing to use them. In a joint statement, the G7’s financial bloc pledged to freeze Russia’s assets until it compensates for the losses it’s caused to Ukraine through the war. A working group assigned to quantify f... #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #UkraineReconstruction #WarinUkraine
The EU will partially finance the International Register of Damages of Ukraine in The Hague. The EU will cover some costs of establishing the register, ordering premises for this institution, and developing a corresponding digital platform, European Commissioner for Justice Didier Reynders sa... #DamagesRegisterUkraine #DidierReynders #HagueCort #ReparationsForUkraine #WarinUkraine
Germany opposes the plan to transfer profits from frozen Russian assets to Ukraine. Germany has spoken out against the European Commission’s plan to give Ukraine profits from frozen Russian assets, saying the hasty move could cause legal or financial risks. According to the FT,... #MarcoBuschmann #ReparationsForUkraine #RussianAssets #RussianCentralBank #UkraineReconstruction
The US Congress is preparing to confiscate Russian assets to assist Ukraine, and Estonia is the first in the EU to develop a legal confiscation mechanism. The corresponding draft act has been introduced by a bipartisan group of US senators, which primarily concerns the assets of the Central Bank of the Russian Federation. The document is entitled the Re... #ReconstructionUkraine #ReparationsForUkraine #REPOgroup #RussianAssets #RussianAssetsConfiscation
Ukraine’s Register of Losses from Russian Aggression will begin operating in August. As the Ministry of Justice explained, the agreement signed in Reykjavík imposes certain obligations on the signatory countries. Currently, work is underway to create management bodies consisting of a ... #CompensationForUkraine #ReparationsForUkraine #ReykjavíkSummit #UkraineWarDamages #WarinUkraine
The President’s office has announced a plan for the receipt of $100B in seized Russian Federation assets. Ukrainian authorities seek to receive about $100B over five to seven years from the sale of Russian sovereign assets seized worldwide, said chief consultant Oleg Havrysh. Recent estimates of Ukraine&#... #OlegHavrysh #ReparationsForUkraine #RussianAssets
Zelenskyy’s office believes the economy will recover two years after the war’s end. A return to pre-war levels is anticipated, noted presidential adviser on economic issues, Oleg Ustenko. According to him, Ukraine’s direct losses from Russian aggression are estimated at $750B and ov... #OlegUstenko #ReparationsForUkraine #UkraineEconomy
The REPO group has frozen $58B in Russian assets, but asset accumulation has slowed. The multilateral Task Force on Prosecution of Russian Elites, Proxies, and Oligarchs (REPO) has blocked or frozen $58B in Russian assets that are restricted in connection with sanctions issued followi... #ReparationsForUkraine #REPOgroup #RussianAssetsArrested
Ukraine and its partners are working on an international compensatory mechanism for reparations. It should be based on an international agreement, with compensation paid utilizing sanctioned Russian assets, said PM Denys Shmyhal during the United for Justice conference in Lviv. According to him, ... #DenysShmyhal #ReparationsForUkraine #WarDamage #WarinUkraine
The Hague will create a register of Ukraine’s losses from Russian aggression. The Government of the Netherlands has agreed to Ukraine’s proposal to create a new international organization in The Hague – the Register of Damages Caused by Russian Aggression to Ukraine... #HagueCort #ReparationsForUkraine #UkraineWarDamages
The EU Commission is working on directing Russian assets to restore Ukraine. The European Commission proposes the creation of a special court to prosecute Russian crimes in Ukraine and determine the conditions for using frozen Russian assets for Ukraine’s benefit, Ursula von d... #ReparationsForUkraine #RussianAssetsArrested #UkraineRecovery #UrsulavonderLeyen
Following the UN resolution on reparations, Ukraine will propose an international agreement. Ukrainian authorities welcomed the UN General Assembly’s resolution on reparations from Russia and noted its importance, but also that it is only the first step. “From the liberation of Kherson to th... #IrynaMudra #ReparationsForUkraine #Zelenskyy
The UN General Assembly has adopted a resolution on reparations to Ukraine from Russia. The UN General Assembly, by a majority of votes, adopted the ”Providing legal remedies and reparations in connection with aggression against Ukraine” resolution, prepared by Ukraine with co-authorshi... #ReparationsForUkraine #UNGeneralAssembly #WarinUkraine
The UN General Assembly will address reparations for Ukraine. An extraordinary special session of the UN General Assembly on November 14 will consider a draft resolution on the creation of a mechanism to compensate Ukraine for damages caused by the Russian war, ... #PaulinaKubiak #ReparationsForUkraine #UNGeneralAssembly #WarinUkraine
