Estonian foreign minister Margus Tsahkna said that the state government has developed a legal solution for confiscating sanctioned Russian funds and transferring them to Ukraine as compensation for the losses caused by the war. Thus, Estonia became the first country ready to move from the idea to implementing a full measure of sanctions pressure on the aggressor country. From day to day, the Estonian Ministry of foreign affairs will submit a draft for a corresponding amendment to the legislation.
"The European Union is working to find this legal option, but we have prepared a legal solution where we can use the frozen assets of Russia as an aggressor country and use them as compensation for the needs of Ukraine's reconstruction," Margus Tsakhkna.
Today, such a measure is already working in Canada and registered in the United States. Shortly, Ukraine will begin to receive funds from partner states that previously belonged to citizens and enterprises of the aggressor country and now are part of the reparations.
"The Russian ruling class does not value people and is ready to squander hundreds of thousands of human lives. But they feel sorry for the money... stolen, by the way, money. They value their property. They must be completely deprived of this and transferred money for the benefit of those who suffered as a result of Russian aggression, as a result of this war on terror, for the benefit of our country and our people," Volodymyr Zelenskyy.
UkraineRecovery will take place this week in London, where updated figures of the damage caused to Ukraine by Russia will be announced.
