Russian money should become a key source of Ukraine's recovery - Shmyhal
Kyiv • UNN
Russian money from frozen assets worth more than $300 billion should be a key source for Ukraine's long-term recovery from the war, with $50 billion of these assets to be provided by the G7 countries this year.
Prime Minister Denys Shmyhal reacted to the decision of the G7 countries to pay compensation to Russia for the damage caused to Ukraine, which, according to the World Bank, is now $486 billion. He wrote about this in his Telegram channel, UNN reports.
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He emphasized that the G7 countries agreed that Russia should pay for all the damage caused to Ukraine. Currently, this amount, according to the World Bank, is $486 billion.
We will continue to make efforts to ensure that Russia compensates for everything it has destroyed with its war. In particular, we continue to work on the establishment of the International Compensation Mechanism and other legal instruments.
He informed that the Government is working hard to confiscate the frozen Russian sovereign and private assets. We are talking about getting the entire amount, which is more than $300 billion.
We have an intermediate step on this path. Ukraine will receive $50 billion from the G7 countries this year thanks to the proceeds from Russian sovereign assets frozen in the West.
The official emphasized that Russian money should become a key source of long-term recovery of our country.
