We expect G7 countries to promptly develop technical procedures for transferring $50 billion of Russian assets to Ukraine - Shmyhal
Kyiv • UNN
The Prime Minister of Ukraine expects the G7 to quickly develop procedures for the transfer of $50 billion from Russian assets. These funds are important for covering Ukraine's budget expenditures in 2025.
Ukraine's Prime Minister Denys Shmyhal says he expects the G7 to quickly develop technical procedures for the transfer of $50 billion of frozen Russian assets to Ukraine, which is an important resource for covering 2025 budget expenditures.
He said this at a government meeting on Tuesday, UNN reports .
We expect that the G7 countries will quickly develop technical procedures for the transfer of $50 billion of Russian assets to Ukraine. This is an important resource for 2025 to cover critical budget expenditures. Ukraine continues to insist on full confiscation of Russian funds in the West
He emphasizes that the aggressor must be held accountable for its crimes in the literal sense of the word. This will help the international community create effective deterrence against wars of aggression. The principle of “Russia must pay” is also implemented through the International Compensation Mechanism, in particular through the Register of Damages for Ukraine.
Since last week, the option of submitting applications to Diia has been available for owners of damaged or destroyed housing whose property is under occupation or in the combat zone. This can be done, in particular, by people who have not used the eVodnovnennya program. These algorithms will soon be launched
Recall
The G7 countries may conclude a framework agreement by October 2024 to provide Kyiv with a $50 billion loan from Russia's frozen assets. This was stated by European Economic Commissioner Paolo Gentiloni.
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