Will the mechanism for the confiscation of Russian assets start soon?

The Minister of Foreign Affairs, Dmytro Kuleba, announced progress regarding the confiscation of Russian assets for Ukraine’s benefit and expressed hope that in 2024 the legal framework will be approved.

The head of the Foreign Ministry pointed out that the US and the EU have already worked out how to use the Russian Federation’s sovereign assets, and some countries have already adopted their own decisions that create a mechanism for transferring money to Ukraine.

“Therefore, we are already in the second phase, when all efforts must be combined into a single legal framework. That is, uniform rules must be created for the countries of the EU, for the countries of the G7,” he explained.

When asked when we can expect approval of this legal framework, Kuleba answered: “2024”.