The procedure requires the approval of authoritative international organizations.
Since the beginning of the full-scale invasion of Russia, dozens of countries around the world seized assets of the Russian Federation in their banks and agreed to transfer them to Ukraine. But this process is extremely difficult, as there are legal, economic and political obstacles to its implementation. This was announced by the Minister of Justice of Ukraine Denys Malyuska on the air of the national telethon.
According to the official, the Ukrainian authorities are trying to break the existing barriers through constant communication with foreign partners, but this requires time and effort.
“We are changing all the blocks as much as possible to get this money. Blocs, both legal and economic, and political, because Russia was preparing for war. Moscow hid most of its funds either in China, or converted them into gold and hid them in its vaults on the territory of the Russian Federation. She did everything possible to make it extremely difficult to get their funds abroad in Western countries. Therefore, in order to remove them, it is necessary to practically change the entire system of protection of the sovereign funds of a foreign state, which are kept in other states,” Malyuska said.
Read also: The Cabinet of Ministers approved Zelenskyi's decree on the confiscation of the property of the Russian Federation
He added that in order for the situation to change, relevant decisions of authoritative international organizations and the conclusion of an international agreement that will regulate the transfer are needed Russian assets for the benefit of Ukraine.
“In order for the process to proceed more actively, a decision by some authoritative international organization is needed. Most likely, we will be talking about the UN General Assembly. We are counting on an appropriate decision. In fact, they will sanctify us that other countries will be able to transfer such assets to us. And then the next stage is the conclusion of an international agreement,” concluded the minister.
Read also: The Prime Minister of Lithuania called for the development of a mechanism for the transfer of frozen assets of the Russian Federation for the restoration of Ukraine< /p>
It was previously reported that the EU has started preparations for the confiscation of frozen Russian assets in favor of Ukraine.
Related video
Ukraine begins confiscation of Russian assets. The money from their sale can be directed to the army, infrastructure restoration, and compensation for victims of crimes in the Russian Federation. Let's figure out who and how this property will be sought in Ukraine and how it will be seized, together with Khrystyna Zelinska in the text “Big confiscation: which Russian assets will go to Ukraine”.
See the special topic: Ukrainians will receive 6 thousand aid from the Norwegian Refugee Council< /strong> 20 thousand families will have material support. Zelensky made an important request to the residents of Crimea He called on the residents of the peninsula and other occupied territories not to approach military facilities of the Russian Federation. The location of missile systems along the border on the side of Belarus is a cause for concern – Zaluzhnyi The enemy has increased shelling. Ukrainian military now controls almost half of Donetsk region – Kyrylenko Liman, Bakhmut, and Avdiiv directions remain the hottest areas. Rocket attack on Zhytomyr region: Russians attacked a military airfield The Russian army fired at the object from the territory of Belarus.
