Ukraine aims to get all $300B in frozen Russian assets, Prime Minister of Ukraine Denys Shmyhal emphasized during the Ukraine 2024. Independence forum. He added that the first results of these efforts have already been achieved.
Namely, the G7 countries have agreed to transfer $50B to Ukraine, secured by profits from the use of the Russian Federation’s frozen assets. “We have our political framework: Ukraine must receive funds no later than the end of this year, they must be unconditional for Ukraine, interest-free, not affect an increase in state debt, and we must be able to use them for any needs of our state,” Shmyhal stressed.
But he added that, first of all, these funds would be directed to compensating people for their losses. However, as the Prime Minister said, Ukraine should be able, if necessary, to use these funds to finance the budget and the needs of the Security and Defense Forces.