Plus to Reparations

by Olha Povaliaieva
Monday, December 19, 2022
Plus to Reparations

Ukrainian Agency for tracing and asset management blocks Russian/Belarusian property worth $1.241 bln

Since February 24, 2022, the Ukrainian Asset recovery and management agency began searching for and identifying Russian assets and corporate rights of Russia and Belarus on the territory of Ukraine. During the full-scale attack on the Ukrainians, ARMA received 6.682 appeals, during the investigation of which Russian/Belarusian funds worth about $120 million and corporate rights for $1.121 billion were discovered. All funds and rights belonging to citizens of the terrorist and accomplice countries will be seized and fall under sanctions.

In total, during this period, 13.500 real estate objects, more than 138.000 land plots, more than 29.600 vehicles, more than 4.300 agricultural machinery, 4.000 other goods, and 885 intellectual property rights were discovered.

We remind you that in July a law came into force obliging Ukrainian companies to provide information about the ultimate beneficiary in order to search for the leakage of Ukrainian goods to Russia. 

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