Shmyhal expects positive results regarding channeling Russia's frozen assets to Ukraine's recovery this year

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Prime Minister of Ukraine Denys Shmyhal considers the use of frozen Russian assets for Ukraine's recovery to be one of the key tasks of 2024

In 2024, one of the key tasks is to channel the assets of the Russian Federation frozen in the West to Ukraine's recovery. Together with Ukrainian diplomats, we are constantly working on this issue. This was stated on Wednesday by the Prime Minister of Ukraine Denys Shmyhal at a government meeting, UNN reports.

Russia must pay for everything. In particular, the aggressor must compensate for the damage caused to Ukraine. Therefore, in 2024, one of the key tasks is to direct the assets of the Russian Federation frozen in the West to Ukraine's recovery

- Shmyhal wrote on Telegram.

According to him, the United States, the European Union, and other countries have come close to resolving this issue. "There are already first precedents of changes to the legislation that provide for mechanisms for transferring funds. Now it is important to bring this into a single clear system, which will involve the EU and G7 countries," the Prime Minister said.

"Together with our diplomats, we are constantly working on this issue. We expect positive results this year," Shmyhal said.

US suggests G7 explore ways to confiscate $300bn worth of Russian assets. - FT28.12.23, 12:17

Julia Shramko Economy
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