Ukraine will propose to the UN General Assembly to approve the confiscation of Russian assets - Guardian

Ukraine will propose to the UN General Assembly to approve the confiscation of Russian assets - Guardian

Ukraine will offer allies to vote at the UN General Assembly on a resolution on the confiscation of Russian assets as reparations for the unleashed war.

 

 This is reported by The Guardian.

 

 Ukraine will speak about the creation of an international compensation mechanism, on the basis of which it is possible to confiscate frozen Russian assets. 

 According to the publication's sources, high-ranking officials of the Ministry of Justice of Ukraine discussed this issue in London with the leadership of the British Foreign Ministry.

 

 In addition, similar discussions were held by the Ukrainian side with colleagues in Germany, France and other EU countries, as well as with the Assistant Secretary of the US Treasury Elizabeth Rosenberg.

 

 As the publication recalled, earlier the head of the US Treasury Janet Yellen stated that the legislation in force in the country does not allow Washington to collect reparations from the Russian Federation, since the United States is not a participant in the war.

 

 According to the publication, the US could apply the law on trading with the enemy or the law on international emergency economic powers.

 

 The reparations were supported in a joint statement by the finance ministers of Estonia, Latvia, Lithuania and Slovakia. Liz Truss, as Foreign Secretary, expressed her principled support for this idea.

 

 British and European sanctions legislation allows states to freeze the assets of the Russian Central Bank and some oligarchs, but does not provide for permanent arrest, let alone their unilateral transfer to the Ukraine Recovery Fund.





Ukraine will offer allies to vote at the UN General Assembly on a resolution on the confiscation of Russian assets as reparations for the unleashed war.

 

 This is reported by The Guardian.

 

 Ukraine will speak about the creation of an international compensation mechanism, on the basis of which it is possible to confiscate frozen Russian assets. 

 According to the publication's sources, high-ranking officials of the Ministry of Justice of Ukraine discussed this issue in London with the leadership of the British Foreign Ministry.

 

 In addition, similar discussions were held by the Ukrainian side with colleagues in Germany, France and other EU countries, as well as with the Assistant Secretary of the US Treasury Elizabeth Rosenberg.

 

 As the publication recalled, earlier the head of the US Treasury Janet Yellen stated that the legislation in force in the country does not allow Washington to collect reparations from the Russian Federation, since the United States is not a participant in the war.

 

 According to the publication, the US could apply the law on trading with the enemy or the law on international emergency economic powers.

 

 The reparations were supported in a joint statement by the finance ministers of Estonia, Latvia, Lithuania and Slovakia. Liz Truss, as Foreign Secretary, expressed her principled support for this idea.

 

 British and European sanctions legislation allows states to freeze the assets of the Russian Central Bank and some oligarchs, but does not provide for permanent arrest, let alone their unilateral transfer to the Ukraine Recovery Fund.