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Estonia has developed a legal decision on the use of Russian assets

Jun 16, 2023

The Estonian government has approved the principles of using Russia's frozen assets to support Ukraine.

ERR reports this.

Estonia is the first European country to develop such a legal solution.

"The European Union is working on finding this legal option, but we have prepared a legal solution under which we can use the frozen assets of Russia as an aggressor country and use them as compensation for the needs of Ukraine's recovery," said Estonian Foreign Minister Margus Tsakhkna.

According to Tsakhkna, the Foreign Ministry will soon submit a draft amendment to the law to the government.


Globally, a similar measure has also been developed, for example, in Canada. And in the United States, a bill to confiscate and transfer Russian assets to Ukraine as reparations for damage from the war started by Russian President Vladimir Putin has been officially registered.

According to Ukrainian President Volodymyr Zelenskyy, this is a significant international step. Zelenskyy also called for the confiscation of money from the Russian elite in other countries.

"The Russian ruling class does not value people and is ready to throw away hundreds of thousands of human lives. But they are sorry for money - stolen money, by the way. They value their property. They must be completely deprived of it and transfer the 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," Zelensky said.

Author - Olena Madiak, 16/06/2023

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