The EU continues to work on reparations for Ukraine: €37B in private and €208B in state assets of the Russian Federation are frozen.

As European Commissioner for Justice, Didier Reynders, stated: “We are working on this issue regarding Russian frozen assets, whether private or public. We have €37B of private assets in Europe and €200-208B of public assets.”

Separately, he expressed hope for “quick adoption of recent proposals on the use of proceeds from immobilized Russian assets” for the needs of Ukraine in its fight against Russian aggression. According to his estimation, these revenues can amount to about €2-3B annually.

The European Commissioner emphasized that with the launch of the submission of applications to the Register of Damages caused by the Russian aggression, the affected citizens of Ukraine are one step closer to reparations.

At the same time, the head of the Ministry of Foreign Affairs of Ukraine, Dmytro Kuleba, said that Switzerland has frozen only about 5% of Russian assets under its jurisdiction.