Estonia Confiscates Frozen Russian Assets to Aid Ukraine

by Roman Cheplyk
Thursday, May 30, 2024
Estonia Confiscates Frozen Russian Assets to Aid Ukraine

On May 30, the President of Estonia, Alar Karis, signed a law allowing the confiscation and use of frozen Russian assets to compensate for the damages inflicted by Russia on Ukraine, as reported by ERR

President Karis clarified that under the new law, only assets belonging to individuals or entities whose involvement in the commission or facilitation of illegal acts is "established and sufficiently proven" can be confiscated and used for compensation.

"So, the fact that someone's assets have been frozen due to international sanctions is not a sufficient reason to expropriate assets," Karis stated.

He emphasized that the law must be interpreted to ensure that the transfer of property applies specifically to those actively participating in military aggression or violating the rules of warfare.

Karis acknowledged that confiscating property in connection with participation in military aggression might raise "unclarified legal issues," but asserted that the parliament should be able to make a political decision even in such ambiguous situations.

You will be interested